Rare Earth Minerals PLC: Significant Lithium Recoveries from Mexico
November 5, 2013 (Source: Rare Earth Minerals PLC) — Rare Earth Minerals PLC (AIM: REM) is pleased to announce a potentially significant development in the advancement of the Sonora Lithium Project in northern Mexico, of which REM has a 30% direct interest in the Fleur-El Sauz Concessions of the Project and an economic interest of 31.5% due to REM’s direct 2.2% shareholding in Bacanora Minerals Ltd (“Bacanora”). Bacanora has released the results of the preliminary metallurgical testing, the full text of which follows at the end of this announcement.
David Lenigas, Rare Earth Minerals Chairman commented:
“The metallurgical recoveries announced by Bacanora, of up to 90.4% of Lithium Carbonate from the initial independent test work on their section of the Sonora Lithium Project’s clays, are potentially economically significant to REM and this bench scale work shows categorically that Lithium can be extracted from this large Lithium Clay deposit.”
“The high recoveries of Lithium Carbonate demonstrate that Lithium from the La Ventana section of the Sonora deposit is indeed soluble and indicate that Lithium Carbonate can be produced from the resulting solution. The Company looks forward to working with our Joint Venture partner in advancing efforts to achieve a commercial grade lithium product as well as investigating the recovery of other alkali metal compounds contained within the deposit”.
Metallurgical test work has begun at the Metallurgical Division of Inspectorate Exploration and Mining Services Ltd of Richmond, Canada on samples from the southern extension of the La Ventana deposit on the Fleur-El Sauz concessions that form part of the Bacanora / REM Joint Venture Lands. Further details on the test work are available from Bacanora’s Press release 4/11/2013.
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