NeoTerra - Heavy Rare Earths Add Further Value at Monte Muambe

StockBox

10.8K subscribers

ShareSubscribe

Heavy Rare Earths Add Further Value at Monte Muambe StockBox spoke to Cédric Simonet, Chief Executive Officer of NeoTerra Group, following the publication of an updated Mineral Resource Estimate for the fluorspar resource at the Monte Muambe project in Mozambique. Cédric explains how the updated estimate quantifies the heavy rare earth elements contained within the fluorspar ore and supports the potential production of a heavy rare earth concentrate as a by-product. Depending on the level of recovery achieved through further metallurgical testwork, the additional product could increase annual revenue from the planned fluorspar operation by up to 40%. The interview also explores how the fluorspar, rare earths and gallium opportunities are situated across the Monte Muambe carbonatite intrusion and how each workstream will be developed. NeoTerra’s immediate priority is to advance a fluorspar operation targeting annual production of 50,000 tonnes of acid-grade concentrate, while the larger rare earths project progresses through a US Government-funded pre-feasibility programme. Key discussion topics: • The updated fluorspar Mineral Resource Estimate and its heavy rare earth content • The potential to increase fluorspar project revenue by up to 40% • Producing a heavy rare earth concentrate as a by-product • Why additional processing costs could remain relatively modest • The relationship between the fluorspar, gallium and rare earths resources • The pathway towards a final investment decision for the fluorspar project • The USTDA-funded rare earths pre-feasibility programme • Upcoming gallium metallurgical and hydrometallurgical test results • NeoTerra’s planned ownership increase from 51% to 70% 🔗 Latest Research Talks Video: https://youtu.be/kiubCGTuvOU 📰 Sign up to our newsletter: https://mailchi.mp/stockboxmedia.com/ 🐦 Follow us on X: https://x.com/StockBoxMedia 🔔 Subscribe for more mining market insights: https://www.youtube.com/@UCvEDzwl9YeMcuXmJBNQBBsQ