Medallion Appoints Agent to Source South-East Asian Monazite
Medallion Appoints Agent to Source South-East Asian Monazite
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTC: MLLOF – “Medallion” or the “Company”), today announced that it has appointed GHC Minerals Ptd. Ltd. (“GHC”) of Perth, Australia to source monazite sand concentrates from suppliers in South-East Asia. GHC is now actively working on the logistical and contractual issues required for the delivery of large sample lots and later commercial-scale shipments from regional mineral-sands suppliers.
Monazite is a rare-earth phosphate mineral available as a by-product of heavy-mineral-sands mining operations. Medallion intends to construct and operate a North American-based monazite processing facility, by importing and processing available monazite feedstock ores, to extract and market high-quality, mixed rare-earth chemical concentrates.
“Medallion is working with a variety of potential suppliers, and although the large heavy-mineral-sands producers are best for long-term supplies, we believe it’s possible to secure additional monazite quantities of approximately 3,000 to 4,000 tonnes per year from South-East Asia. GHC is working with regional producers and traders on our behalf for shipping and contracts,” said Don Lay, Medallion’s President & CEO. “We’ve already tested some monazite samples provided by GHC and they’re of good quality.”
The five-year agreement with GHC provides for certain exclusivity rights to both GHC and Medallion. GHC’s compensation is based on the purchase by Medallion of contracted and accepted monazite supplies of consistent purity, quality and consistency for delivery to Medallion’s proposed North American plant..
Hier zur aktuellen Firmen-Präsentation: http://media.medallionresources.com/wp-content/uploads/2015/07/Q3_2015_Investor_Presentation-Web.pdf
Quelle: medallionresources.com
Quote:
Keine Kommentare:
Kommentar veröffentlichen