Name: West Cobar Metals quadruples rare earth element resource at Salazar
Uploaded: 2023-08-10T23:30:37+00:00
Duration: 25 min 47 s
Description: West Cobar Metals (ASX: WC1) managing director Matt Szwedzicki joins Small Caps to discuss the strides the company has taken with the release of a major resource increase at its Salazar rare earth ele

9 months ago

West Cobar Metals (ASX: WC1) managing director Matt Szwedzicki joins Small Caps to discuss the strides the company has taken with the release of a major resource increase at its Salazar rare earth element (REE) project in southern Western Australia.

The company quadrupled its JORC (2012) total mineral resource at Sazalar to 190 million tonnes of 1,172 parts per million total rare earth oxide.

Notably, the updated resource includes a significant proportion of total magnet rare earth content, with studies identifying particularly high heavy magnet rare earths material at the Newmont deposit within Sazalar.

Initial metallurgical testwork carried out by the Australian Nuclear Science and Technology Organisation has provided results that show that the project's REE clay minerals are amenable to simple leach extraction.

Those results have provided West Cobar with the confidence to now undertake phase 2 optimisation and flowsheet development work.

Exploration work to date has also identified significant potential to increase the resource, and it is full speed ahead for the company at its project located near the export port town of Esperance.

Articles:
https://smallcaps.com.au/west-cobar-metals-achieves-near-fourfold-increase-salazar-ree-resource/
https://smallcaps.com.au/west-cobar-metals-reports-excellent-recoveries-testing-salazar-rare-earth-samples/
https://smallcaps.com.au/west-cobar-metals-high-grade-results-drilling-salazar-rare-earths-clay-project/

For more information on West Cobar Metals:
https://smallcaps.com.au/stocks/asx-wc1/

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