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ANSTO Minerals appointed to advance Phalaborwa rare earths project process flow sheet

Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates. There is currently no BEE requirement as this is a retreatment processing operation)

* Rainbow Rare Earths have appointed ANSTO Minerals to advance the process flow sheet for the Phalaborwa project in South Africa.
* ANSTO is to work on leach testing drill samples to check the metallurgical variability of the rare earths minerals in the gypsum tailings stacks.
* The work will be used to optimise the process flow sheet for the development of a PEA ‘Preliminary Economics Assessment’ / Scoping Study.
* The study will refine the process method trialled by SASOL, the South African chemicals giant, which formerly ran the Phalaborwa project till it was forced to divest the project under anticompetition rules.
* SASOL’s pilot plant produced three tonnes of material which was sold to an Asian buyer.
* Rainbow’s expert metallurgical team, Dave Dodd and Chris Le Roux formerly worked on rare earths processing at Lofdal and Peak Resources and latterly worked with George Bennet at MDM Engineering.
* Bringing this expert metallurgical expertise together should accelerate project development and hopefully lead to better process optimisation for the rapid development of a larger scale plant.
* The original REE pilot plant remains at site at Phalaborwa and may help with the development of a second pilot process plant
* The team are looking at the potential to process some 2mtpa of gypsum tailings for the production of ~10,000tpa of rare earths mineral including ~3,100tpa of NdPr at Phalaborwa.
* The average grade of NdPr in the gypsum tailings stacks runs at 0.15% Neodymium and Praseodymium representing ~29.7% in the rare earth mineralisation.
* Prices for NdPr continue to rise to US$87,814/t today up from US$38,579/t a year ago, indicating potential sales of over $136-190m to Rainbow.
* Gakara: Rainbow are also working on the feasibility for a 10,000tpa plant to produce an enriched mixed rare earth carbonate from the Gakara mine in Burundi.
* The feasibility study is being done by METC for a high-grade cerium-depleted mixed rare earth carbonate of 39% NdPr..
* METC estimate capex of US$35.2m for a 10,000tpa plant ($3,522/t capacity) with an Operating cost est. of $1,279/t potentially helped by the use of hydropower
Conclusion: The work being done at Phalaborwa combined with work at Gakara has the potential to propel Rainbow into the major league of rare earth producers within the next five years.

– ANSTO Minerals appointed to advance Phalaborwa rare earths project process flow sheet

(Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates. There is currently no BEE requirement as this is a retreatment processing operation)

* Rainbow Rare Earths have appointed ANSTO Minerals to advance the process flow sheet for the Phalaborwa project in South Africa.
* ANSTO is to work on leach testing drill samples to check the metallurgical variability of the rare earths minerals in the gypsum tailings stacks.
* The work will be used to optimise the process flow sheet for the development of a PEA ‘Preliminary Economics Assessment’ / Scoping Study.
* The study will refine the process method trialled by SASOL, the South African chemicals giant, which formerly ran the Phalaborwa project till it was forced to divest the project under anticompetition rules.
* SASOL’s pilot plant produced three tonnes of material which was sold to an Asian buyer.
* Rainbow’s expert metallurgical team, Dave Dodd and Chris Le Roux formerly worked on rare earths processing at Lofdal and Peak Resources and latterly worked with George Bennet at MDM Engineering.
* Bringing this expert metallurgical expertise together should accelerate project development and hopefully lead to better process optimisation for the rapid development of a larger scale plant.
* The original REE pilot plant remains at site at Phalaborwa and may help with the development of a second pilot process plant
* The team are looking at the potential to process some 2mtpa of gypsum tailings for the production of ~10,000tpa of rare earths mineral including ~3,100tpa of NdPr at Phalaborwa.
* The average grade of NdPr in the gypsum tailings stacks runs at 0.15% Neodymium and Praseodymium representing ~29.7% in the rare earth mineralisation.
* Prices for NdPr continue to rise to US$87,814/t today up from US$38,579/t a year ago, indicating potential sales of over $136-190m to Rainbow.
* Gakara: Rainbow are also working on the feasibility for a 10,000tpa plant to produce an enriched mixed rare earth carbonate from the Gakara mine in Burundi.
* The feasibility study is being done by METC for a high-grade cerium-depleted mixed rare earth carbonate of 39% NdPr..
* METC estimate capex of US$35.2m for a 10,000tpa plant ($3,522/t capacity) with an Operating cost est. of $1,279/t potentially helped by the use of hydropower
Conclusion: The work being done at Phalaborwa combined with work at Gakara has the potential to propel Rainbow into the major league of rare earth producers within the next five years.

London, March 4(th) , 2021. Orosur Mining Inc. (TSX/AIM :OMI) , is pleased to announce that the Company will hold an investor and analyst conference call on 18th March 2021, at 16:30 (UK Local time) .

The Company's Chief Executive, Brad George, and Chairman Louis Castro, will host the call followed by a question and answer session. To participate in this conference call, please dial in to the following:
Standard International Access
Tel: + 44 (0) 33 0551 0200
UK Toll Free
Tel: 0808 109 0700
Password
Orosur Mining

https://www.londonstockexchange.com/news-article/RBW/appointment-of-ansto-minerals/14899190
George Bennett, CEO, said: "We are very excited to be working with one of the world's leading experts in rare earths flow sheets, alongside our own chemical and process engineers, Dave Dodd and Chris Le Roux, both of whom developed the flow sheets for the Lofdal and Peak Resources rare earth projects when they worked with me at MDM Engineering. Following the completion of ANSTO's project, we will then publish a PEA/scoping study, which is expected to put us in a strong position to fast track the project at Phalaborwa.

With no requirement for waste stripping, hard-rock mining, significant crushing or milling and the capacity to progress straight to the downstream production of a mixed rare earth carbonate, due to the 'cracked' nature of the rare earths within the gypsum, which eliminates various processing stages that would normally be required in the production of a mixed rare earth carbonate, we believe Phalaborwa has the potential to be one of the lowest capital intensity projects in the world. As a result of the unique nature of this project, we anticipate that Phalaborwa can be brought into production far quicker than a traditional hard-rock rare earths mining project.

Positioned in an established mining town, with all the associated skilled labour availability and supporting industry in place, and on account of the existing infrastructure from the original Sasol Phosphoric Acid Plant, which remains on site and available for Rainbow to use, we believe Phalaborwa is optimally positioned to drive the Company's near-term development."

Colin Harrington, Zephyr's Chief Executive, said "I am delighted that the initial results obtained from the State 16-2 Cane Creek reservoir core data both corroborate and support the Board's long-held view that the Paradox has the potential to be a project of considerable scale with robust and highly attractive economics.
"Furthermore, I am proud of the team's progressive achievements in the last six months. Over this period, Zephyr drilled a stratigraphic well in record time, obtained and evaluated well logs which show a strong analogue to other productive wells in the Paradox Basin, and acquired significant continuous core data which has now shown evidence of oil saturation across our primary reservoir target. Combined with the securing of the Company's grant funding (which reduced the cost of the wellbore host by $2 million) and an environment in which global commodity prices are rising, the Board feels the timing is excellent to undertake the next step in the careful and responsible development of this project.
"This is fantastic progress, and comes on the back of seven years of substantial time and resource investment in this project. The Board believes the next step - drilling the lateral well - is an ideal catalyst to further unlock the project's value and has the potential to deliver the Company's first production from the Paradox.
"We are well underway with the preparations required for our target to spud the lateral in the middle of this year and I'm confident that we have the right team in place to deliver a safe and responsible well - the same team that delivered the successful State 16-2 vertical well. This well will now be used as a low-cost, low impact sidetrack host for the lateral.
"As well as providing our first opportunity to produce oil from the Paradox, the lateral will also provide us with vital information to further understand the asset and to optimise our future work programme for the project.
"In addition, we remain encouraged by indications that demonstrate the potential for multiple stacked overlying reservoirs across our resource base. Unlike the Cane Creek reservoir, these overlying secondary zones were not targeted historically and therefore require significant evaluation before a resource base assessment can be concluded. We will keep the market updated as this detailed analysis progresses.
"Our goal, as always, is to create maximum economic value with minimum environmental impact, and we believe this next step - the drilling of the State 16-2LN CC - gives us a clear pathway to deliver on these objectives."

By Monday pm to orosur@flagstaffcomms.com

Best

https://www.londonstockexchange.com/news-article/PRD/placing-to-raise-ps1-785-million/14897510

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:
“It has been an exceptionally busy 12 months for the Company during COVID-19 restrictions. We have been able to further develop and keep on track all of our three core projects. Realistically, 12 months ago, we would never have anticipated that all our projects would have reached such an advanced stage at the same time.

Strengthening oil prices and operational success provides the impetus for increasing investment in new CO2 EOR projects in Trinidad.

Flexibility to add additional drilling locations in Morocco warrants additional investment, as we seek to be the first company in Morocco to drill this year for low risk versus very high reward material, potentially transformational for the Company and our shareholders, gas resources with an early monetisation pathway based on low and manageable capital expenditures.

The security of energy supply issue in Ireland, which will have a negative impact on the price consumers may ultimately have to pay for electricity, is the perfect scenario for an investment in the Ram Head security of energy supply study. 2020 has been busy but 2021 is set to be an eventful year for the Company with multiple value-creating operations and opportunities for our shareholders for a relatively small deployment of additional working capital to provide scope for prudent business, value-enhancing expansion.”

https://www.londonstockexchange.com/news-article/GDP/update-on-sale-of-kilimapesa/14895718
Werner Klingenberg, CEO of Goldplat commented: "I am pleased to report these positive developments in the sale of Kilimapesa, specifically the consent to the acquisition of Kilimapesa received by the Ministry for Petroleum and Mining. Together with the confirmation received from the Competition Authority, it puts all parties in a good position to complete the Transaction.

Reminder to pre submit any questions by Monday 15th to orosur@flagstaffcomms.com

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https://youtu.be/oCbSf6yempI

https://www.londonstockexchange.com/news-article/TEK/belluscura-fda-clearance/14890484
Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented:
"We are excited to see that the FDA has cleared the X-PLO2R device for sale, as Tekcapital and Belluscura believe it could be helpful to patients during the COVID-19 pandemic, and for many of the 250 million people worldwide suffering from chronic obstructive pulmonary disease (COPD)2. Our congratulations to Robert Rauker and his capable team at Belluscura for a job well done! ”

View: Improvements and optimisation in Goldplat’s operations and supply lines are beginning to pay dividends. Especially in Ghana which continues to drive Group improvements with operating profit up 5x from the same period last year. With a robust and strong gold price environment, despite a recent reduction in price, we expect this to be another good year for Goldplat. We also expect a resolution to the sale of Kilimapesa, which will see Goldplat with either $1.5m in cash or $1.75m of shares in the purchaser

https://www.londonstockexchange.com/news-article/GDP/interim-results-for-the-six-months-ended-31-dec-20/14888796
Group
• Goldplat achieved an operating profit for the six months ended 31 December 2020 of £2,600,000 (31 December 2019: £2,566,000). Within this, the South African operation achieved an operating profit of £2,108,000 (31 December 2019: £2,659,000) and the Ghana operation increased operating profitability by more than 5-fold to £849,000 (31 December 2019: £151,000);
• The fully diluted earnings per share for the period from continuing operations increased to 1.45 pence (31 December 2019: 0.63 pence) as a result of increased performance in Ghana, increasing net profit from continuing operations attributable to owners of the company to £1,256,000 (31 December 2019: £536,000).
Outlook
We remain committed to our strategy of increasing long term visibility of earnings in the recovery businesses through key initiatives. These key initiatives include:

• improving our gold recoveries from lower grade contaminated material, effectively reducing the grade of the material we will be able to source economically. Reserves of lower grade materials are more readily available and help to alleviate the sourcing risk;
• Building strategic partnerships within the mining industry;
• Evaluating the investment into larger tailings storage facility and additional mill and leaching capacity to enable us to reprocess our current TSF; and
• Increased investment into sourcing initiatives and test work on a wider range of materials, including PGM discards.

The company's production has remained satisfactory, to date, during the second half. The profitability for remainder of the period will however remain dependent on sourcing of quality material and the gold price.

https://www.londonstockexchange.com/news-article/OMI/notice-of-investor-and-analyst-conference-call/14886977

Registration :
https://www.investormeetcompany.com/angus-energy-plc/register-investor

Angus Energy
Yesterday I had the chance to interview Angus CEO George Lucan, I have spoken to him a couple of times recently and it looks like a very interesting play. Most important has been the interest in the ongoing loan marketing and they have seen significant interest in it.

We heard about the new news at Lidsey, which even I looked at with technical interest, the field seems to be having an increased lease of life and of course about Geothermal in the West Country. The link to the interview is below.

Core Finance CEO Interview: George Lucan, Angus Energy

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Should you wish to receive notifications/RNSs and other such relevant investor information directly please register with byotrol@flagstaffcomms.com

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https://www.londonstockexchange.com/news-article/BYOT/test-protocol-for-testing-anti-viral-efficacy/14879684

Trevor Francis, Chief Technology Officer of Byotrol plc commented:



"Long-term surface protection against viruses is the holy grail that businesses in the hygiene sector are chasing currently. We have responded to a clear market need for clarity on which surface disinfectants continue to deactivate viruses in real-life environments and which don't. It's a huge win for consumers and the government as we return to normality beyond the pandemic."

https://youtu.be/UDdXtZ8nXBE