Altona Rare Earths Share Discussion Threads

[targetrighton] 10/4/2012 20:56

GWMG Reports Initial Assay Results

[veldt] 20/3/2012 13:52

I thought people might be interested in this RNS from Origo (OPP) about promising Molybdenum finds.

"Origo announces a world class molybdenum resource at Moly World's Mandal Moly project

Highlights

-- Maiden JORC compliant resource statement of 203.4 million tonnes of ore grading 0.1261 per cent molybdenum with total contained molybdenum metal of 256,000 tons

-- Mandal Moly has high grade, near surface resource which could support a large scale open cut mine"

This is not a well known company but they seem to be making big moves in Mongolia. Here is the link:

[jimbowen30] 15/3/2012 12:18

I've posted this on the GWG board

I attended the Objective Capital conference in London yesterday, as Gary Billingsley of Great Western was presenting. Here are my notes/comments.

•GWG have "ownership of the value chain" and this leads to higher expected profit margins.
•Strong global demand for magnets. Permanent magnets (that GWG specialise in) forecast to grow from 26,000 tonnes in 2010 to 40,000 tonnes by 2015 (+54%), NiHm batteries from 22,000 to 36,000 tonnes (+64%) and Chinese demand from 70,000 to 120,000 tonnes (+71%)
•Amongst the Light rare earths, global Lanthanum supply expected to exceed demand by 13% by 2015. Very difference story for the Heavy rare earths – dysprosium demand forecast to exceed supply by 48% and 42% for Terbium.
•Gary described the GWG business model in chronological order – exploration – mining – mixed chloride production – solvent extraction separation – metal making – alloy production – industrial production manufacturing.
•Although GWG has separation (of oxides) Chinese expertise in house they needed the help of GDQ, their Chinese JV partner and they are busy working on separation plant
•Currently 2 drills at Steenskampskraal to confirm the historical data and they are drilling 14 holes to test down depth. Assays are at the lab and the NI 43-101 will hopefully be ready by end of April. They will then focus on drilling other areas and expanding the resource as little historical drilling has taken place.
•Hoidas Lake is still important to GWG.
•Continuing to work on metallurgy to evaluate production potential.
•95% of design work on chloride production plant is completed.
•LCM – profitable since 1992. 60% of revenues come from EU, 30% from Japan, China, Taiwan, and 10% from US. 400% capacity expansion and 6 new furnaces by 2015.
•36% of shareholders are institutions. $5.3m cash – GWG are looking at financing options and debt is the priority. Gary said an announcement will be made soon.
•About 15% of profits will be from South Africa.

Overall, I thought the presentation was very positive and GWG remain on track with timelines. Imo the stock is still not very well understood by investors and is "under the radar" but they will eventually come to value the "mines to market" strategy and the higher margins that this will generate. If all goes well, GWG could be mining rare earths early 2013 so within one year. The bigger picture for me, is seeing the cashflow come in and the inevitable re-rating that will follow

Jim

[gardenarc] 12/3/2012 08:08

Sounding good.

[bangor] 10/3/2012 10:42

Targetrighton

There is a lot of detail in your referenced article so please feel free to summarise any aspects you feel are of particular interest!

Meanwhile after a quiet period the REEs are on fire - Molycorp (after taking over Neo) was up 19% yesterday and Tasman 24%.

[targetrighton] 09/3/2012 01:13

A very interesting article by Jack Lifton and make sure you read all the comments and Jack's responses to them

[shavian] 23/2/2012 15:48

Interesting article on GGG.au from the Wall St Journal dated 21 Feb:

In one of the world's coldest climates, competition to develop a future source of uranium and rare earths is heating up.

European and Asian groups are circling the Kvanefjeld project on the southern tip of Greenland and talks with the deposit's owner, ASX-listed Greenland Minerals & Energy, on a strategic partnership are already well-advanced. The company-valued at 200 million Australian dollars (US$214 million)-is open to selling equity in the project to raise funds and share future development costs.

What lies between the ice caps on Greenland has long tantalized Western resources companies, which are finding it harder to access many major minerals deposits in countries like Russia and China due to regulatory systems that favor state-owned firms. The impact of climate change has made mining in Greenland easier by melting permafrost, while the island's growing autonomy from Denmark has enabled officials to award more exploration licenses.

In addition, Greenland's southern fjords cut into the island's coastal fringes are suitable as deepwater ports with routes to markets in North America and Europe.

Greenland Minerals & Energy says Kvanefjeld contains rare earths-a group of 17 metals used in high-tech products ranging from Prius cars to iPads-zinc and uranium. The project currently has an estimated mineral resource of 619 million tons, with the potential for this to grow when the size of three satellite deposits are fully assessed.

The government of Greenland late last year amended the company's exploration license to include uranium, the first such permit for the nuclear fuel on the island.

According to John Mair, the company's executive director of business development, an attractive option as a strategic partner would be a consortium interested in rare earths as well as uranium.

China accounts for over 90% of global output for rare earths, but has been tightening export quotas in recent years to the alarm of consumers who have been scrambling for alternative supply sources such as ASX-listed Lynas's Mount Weld mine in Western Australia state.

Production from Kvanefjeld is forecast to begin in early 2016, following a two-and-a-half year construction phase for a mining operation that would include building a new port facility near a processing plant for the ore, Mr. Mair says.

A pre-feasibility study for the project is expected to be completed by early April, and an application for a mining permit is likely to be made late in the year or early 2013.

Mr. Mair says Perth-based Greenland Minerals & Energy may also seek a secondary listing in future, likely tied to a significant capital raising. Toronto would be a natural place to list given investor interest from North America, although the company has also considered Hong Kong.


NB It's a bit lonely over on the GGG thread - anyone care to join me? I think the share price is about to head upwards.

[targetrighton] 31/1/2012 20:16

GREAT WESTERN MINERALS GROUP'S LCM SUCCESSFULLY
COMPLETES FIRST POUR WITH NEW RARE EARTH FURNACE

January 31, 2012 - Saskatoon, Canada: Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V – GWG) is pleased to announce that its wholly owned subsidiary, Less Common Metals ("LCM"), has successfully carried out the first full-scale melt with LCM's newly acquired furnace. The first pour was undertaken on Friday, January 27, 2012 at LCM's new plant located in Hooton Park in Birkenhead, United Kingdom.

The installation of the new furnace, which began in November, 2011 and was completed by mid-January, 2012, was undertaken by a team comprised of engineers from the furnace supplier alongside LCM personnel. After extensive testing of the power, water, vacuum and control systems, the furnace was approved to commence melting trials of Neodymium-Iron-Boron alloys for permanent magnet applications.

The subsequent trials, which will continue into February, will focus on the production of alloys that fully conform to detailed customer specifications.

GWMG President and Chief Executive Officer Jim Engdahl said, "The success of the first round of testing with LCM's new furnace speaks highly of the level of expertise that resides within the team at LCM. The first pour with the new furnace is a significant step forward in the continued advancement of our "mines to markets" strategy as it increases our alloy production capacity by almost 50%. The newly acquired furnace positions our Company to further satisfy the requirements of our global customer base and, in the process, solidify the position of GWMG as a pre-eminent global supplier of rare earth products."

Photos and a brief video of the first pour with LCM's new furnace can be seen on the GWMG website at www.gwmg.ca/lcm-first-pour.

Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine. In addition to an exploration program at Steenkampskraal, GWMG also holds interests in four active Rare Earth exploration and development properties in North America.

[a.fewbob] 12/1/2012 21:43

QRM up 27% today on excellent drilling results, don't say you weren't warned!

[targetrighton] 12/1/2012 18:34

An article by "wwwater" on Stockhouse worth a read -

[chipperfrd] 10/1/2012 22:47

Lol :-))

I will - promise!

Just need to get a very busy January out of the way.
Chip

[shavian] 10/1/2012 21:40

Come back Chip, all is forgiven...;0)

[shavian] 13/10/2011 07:44

More good new from GGG:

Technical Breakthrough Further Strengthens Greenland's Kvanefjeld REE-U Project:

Beneficiation Circuit Successfully Piloted



Summary:

Greenland Minerals and Energy Limited ("GMEL" or "the Company") is pleased to outline a critical technical breakthrough on the Kvanefjeld multi-element project in Greenland. Kvanefjeld is underpinned by one of the world's largest JORC-code compliant resources of rare earth elements and uranium. Importantly, the Company has now successfully piloted a flotation circuit that can effectively beneficiate the Kvanefjeld resources. In early 2010, the company released an interim pre-feasibility report outlining a base-case development scenario that would see Kvanefjeld developed as a cost-effective, long life operation. Since then, focused research and development has led to major technical breakthroughs in the area of mineral beneficiation that provide a clear path to an increasingly efficient and cost-effective development scenario.

Major advances in mineral beneficiation provide a means to simply and effectively transform the Kvanefjeld ores into a high-grade, low-mass mineral concentrate.
Testwork demonstrates TREO grade increases of greater than ten times; a very high upgrade ratio within the specialty metals sector.
The method has now been successfully piloted under continuous operation to produce a bulk mineral concentrate. This concentrate is now being tested to establish the most favourable downstream leach solution chemistries.
Effective beneficiation allows for the major downsizing of hydrometallurgical leach circuits, and is anticipated to lead to significant reductions in overall capital and operating costs.
Importantly, these studies demonstrate that not only are the Kvanefjeld resources extensive, but the minerals are fundamentally amenable to concentration, allowing for efficient and cost-effective REE and uranium extraction.
The company is fast-tracking testwork to identify the most suitable leach chemistry for the mineral concentrate. The results of this testwork will be released over the coming months, along with further enhancements to the beneficiation circuit. The technical advances are in line with GMEL's current focus of identifying and delivering the optimal development scenario for the Kvanefjeld multi-element project.

[a.fewbob] 12/10/2011 21:56

QRM up very healthily off its recent lows, very good buying op been missed by the masses as usual.

[a.fewbob] 06/10/2011 18:05

Thanks,

I'm watching REE and have recently bought QRM. When the recovery eventully starts, be it in the west or in the east comodities will fly and the rare ones will rocket to the moon!

I intend riding that ship, on a front row seat.

[shavian] 06/10/2011 14:32

Anyone else around? If so read this broker research on GGG:

[shavian] 28/9/2011 10:12

Good article on Greenland Minerals. Might even start the share price moving back up.

[a.fewbob] 19/9/2011 21:56

Had to spend my pocket money on something sooner or later..

[shavian] 16/9/2011 17:43

What up at Greenland Minerals? Up 19% on 7 x normal volume, but no RNS.

[jimbowen30] 14/9/2011 11:19

GWG conference call this afternoon:

Great Western Minerals Group to Hold Conference Call and Present at Upcoming Rare Earth Conferences

1. Wednesday, September 14, 2011 at 11:00 a.m. EST / 9:00 a.m. CST: CEO Conference Call with President & Chief Executive Officer Jim Engdahl. Participants can sign up for the conference call as follows:

Dial - in Numbers:

North American Toll Free 888-231-8191

Local Toronto 647-427-7450

China North 10-800-714-1191

China South 10-800-140-1195

Germany 0-800-183-0171

Switzerland 0-800-835-354

Hong Kong 800-901-563

South Africa 0-800-983-113

United Kingdom 0-800-051-7107

Passcode ID: 96592727

Participants are advised to dial in 10 minutes prior to start time and use the URL below if you wish to view the presentation during the call. To view presentation use link:

Playback of the call available for 7 days

Replay Dial-in Numbers: 1-855-859-2056 or 416-849-0833

Replay passcode - 96592727

Replay PowerPoint Link -

2. Thursday, September 15, 2011: Metal Pages Rare Earths 2011 in Beijing, China - "Rare Earths: Mine to Market and Supplying the Permanent Magnet Industry Outside China" with GWMG Executive Chairman Gary Billingsley.

3. Tuesday, September 27, 2011: Objective Capital Global Mining Investment Conference in London, U.K. - "Rare Earths: Not So Rare but Sought After" with GWMG Executive Chairman Gary Billingsley.

4. Thursday, September 29, 2011: Objective Capital Global Mining Investment Highlights Conference in Edinburgh, U.K. - "Rare Earths: Not So Rare but Sought After" with GWMG Executive Chairman Gary Billingsley.

[archie meads] 04/9/2011 22:05

Depends on the company and the types of REE in its resource, but yes, barring total financial/economic collapse (which seems more likely than ever at the moment).

Here's that link:

[a.fewbob] 04/9/2011 20:29

Are you fan of REMs?

[archie meads] 04/9/2011 17:52

All at Stockhouse, I imagine.

I'd post a link but the website is down at the moment. Good GWG thread.