Stocktube video
26/03/2013

Tasman Metals has the cash to move ahead over the next twelve months

View full size
Additional Information
Market: TSX-V
Sector: General Mining
EPIC: TSM
Latest Price: 0.76  (7.04% Ascending)
52-week High: 1.91
52-week Low: 0.51
Market Cap: 46.22M
1 year chart
1 day chart
Tasman Metals
www.tasmanmetals.com

Tasman Metals  (TSX:TSM, AMEX:TAS) is a Canadian mineral exploration and development company focused on Rare Earth Elements in the European region. The Company's Norra Karr project in Sweden is one of the most significant heavy REE resources in the world, and the only NI43-101 compliant REE resource in mainland Europe. 

Tasman Metals makes "metallurgical breakthrough" at Norra Karr, REE recovery over 90%

9th Feb 2012, 12:27 pm by Deborah Sterescu
Tasman Metals makes 'metallurgical breakthrough' at Norra Karr, REE recovery over 90%

Tasman Metals (CVE:TSM) (AMEX:TAS) said Thursday morning that it has made "signficant progress" in the development of a processing flow sheet for its Norra Karr heavy rare earth element (REE) and zirconium project in southern Sweden.

The "metallurgical breakthrough", as the Canadian mineral exploration company calls it, includes the preparation of a mineral concentrate with high REE recovery, using wet magnetic separation, and the successful use of flotation to further upgrade the mineral concentrate.

Tasman said high recoveries and low sulphuric acid consumption was achieved when leaching the mineral concentrate in an "ambient temperature" and atommospheric pressure environment.

The processing flow sheet is as a result now well-defined for inclusion in the preliminary economic assessment (PEA) for the project, which is nearing completion by Pincock, Allen & Holt, the miner said.

In addition, Tasman said that potentially saleable nepheline/feldspar co-product, with low iron content, was separated during physical concentrate preparation.

"The metallurgical team at the Geological Survey of Finland has made great progress for Tasman in developing a simple and potentially low cost processing method for Norra Karr" said the company's president and CEO, Mark Saxon.

"The mineral concentrate we have prepared by magnetic separation and flotation is as encouraging as we hoped for at the start of our research.

"In addition to achieving high REE recoveries, we have now also separated a potentially saleable nepheline/feldspar co-product, which may allow Tasman to significantly reduce tailings dam requirements, and optimally use the mined resource."

Saxon continued to say that the acid leaching program was also a "success", with sulphuric acid consumption sharply reduced when compared to previous tests, and recoveries of the high value heavy rare earth elements exceeding 90 percent. Also, no roasting or elevated pressure was required.

The mineral processing division of the Geological Survey of Finland (GTK) in Outokumpu was hired in 2011 to undertake physical concentrate preparation and leaching testing on a sample of Norra Karr mineralization.

Approximately 100 kilograms of representative uncrushed drill core was delivered to GTK.

Tasman said that previous metallurgical work identified a simple leach process for the project, therefore GTK focused a majority of its research on beneficiation.

Within beneficiation testing, a total of 26 magnetic separation and flotation tests were run by GTK. By magnetic separation alone, results were "very encouraging", the company said, with 95.1 percent REE recovery into 55 percent of the mineral mass, 94.1 percent REE recovery into 49 percent of the mineral mass, and 88.0 percent REE recovery into 47 percent of the mineral mass.

Zirconium recovery was typically in the range of 50 to 60 percent, as some of the zirconium-bearing mineral, catapleiite, reported to the non-magnetic fraction, Tasman explained, which is largely comprised of the felsic minerals including nepheline, feldspar and natrolite.

The non-magnetic fraction is low in iron, with a similar chemistry and mineralogy to material used in large volume in Europe within the glass and ceramic industries. Tests for whiteness, translucency and melting point of this co-product are now being run, the company said.

Combined magnetic separation and flotation tests yielded REE recovery rates of 86.6 percent into 37.6 percent of the mineral mass, and 84.1 percent into 26.5 percent of the mineral mass.

Meanwhile, leach tests were also completed by GTK on the mineral concentrates in the beneficiation process, which were focused on minimizing acid and energy requirements during processing.  Results yielded 95 percent recovery of the heavy REE yttrium, 88.5 percent of light REEs lanthanum and cerium, and 82 percent of zirconium.

According to Technology Metals Research, Norra Karr is unusually enriched in the high value heavy rare earth oxides when compared to other peer projects, with heavy rare earth oxides (HREO) as a percentage of total rare earth oxides (TREO) exceeding 50 percent.

Of particular note are the high grades of yttrium oxide, dysprosium oxide and terbium oxide, metals with strong demand in the lighting and automotive industries, and with few potential sources outside China.

The research firm also rates Norra Karr as the fourth largest heavy rare earth project in the western world by contained metal.

Studies have shown the host rock at the project to have a simple mineralogy, with almost all rare earth elements contained within the acid-soluble mineral eudialyte. Eudialyte comprised 7.2 percent of the sample delivered to GTK.

Mineralization at Norra Karr occurs within the peralkaline nepheline syenite intrusion, which covers an area of 350 by 1100 metres, first discovered in 1906.

The asset is located in southern Sweden, 300 kilometres southwest of the capital Stockholm and lies in mixed farming and forestry land.  The site is well serviced by power, roads and water, allowing all year round access, the company said.

In December, Tasman reported final drill results from the phase three drill program at the project, including a new REE-zirconium intrusion located five kilometres south of the property.

Notable results from the 29-hole program, each of which hit mineralization, included hole NKA11042, which intersected 126.0 metres grading 0.48 percent TREO and 1.63 percent zirconium, including 0.8 percent TREO and 1.77 percent zirconium over 36.3 metres.

The demand for rare earth elements, like those at Norra Karr, is increasing, due to the metals unique properties that make them essential for high tech and environmentally-friendly applications, ranging from iPads to hybrid cars.

Since over 95 percent of REE supply is sourced from China, the European Union is supporting policy to ensure domestic supply of the metals.

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here