Grinding, Crushing Assessments on REE Ore Yield Favorable Outcomes

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March 7, 2023 ( Newswire) Mined materials on the venture is amenable to standard strategies, which has “constructive implications for [the] venture price profile,” famous a Noble Capital Markets report.

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Protection Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) introduced that outcomes of crushing and grinding assessments on varied samples extracted from the Wicheeda uncommon earth (RE) deposit had been constructive, reported Noble Capital Markets analyst Mark Reichman in a March 1 analysis be aware.

That is one other step towards the completion of a prefeasibility examine (PFS) of the venture in British Columbia slated for Q1/24.

The Canadian exploration firm is Outperform rated and now buying and selling at about CA$0.25 per share. Noble’s goal worth on it, as compared, is CA$0.70 per share. The distinction within the two costs implies enticing good points for buyers.

The brand new comminution take a look at information confirmed that Wicheeda ore is amenable to standard grinding operations, together with a semi-autogenous grinding mill-ball circuit, famous Reichman. That is excellent news for Protection Metals as this technique requires “comparatively low” power and provide prices.

The values obtained throughout this testing had been just like earlier ones in 2019, generated utilizing a bulk pattern and used within the 2021 preliminary financial evaluation.

“The [new] outcomes will assist decide the design of the crushing and grinding plant” that will probably be included within the PFS, together with drill outcomes from Protection Metals’ 2021 and 2022 packages.

Noble Capital believes the upcoming PFS will probably be “compelling,” wrote Reichman.

“Along with vital potential to increase the useful resource and prolong the mine life past 19 years, we count on grade enhancement and the significant conversion of Inferred to Indicated and probably Measured sources,” the analyst added.


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Disclosures for Noble Capital Markets, Protection Metals Corp., March 1, 2023


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Senior Fairness Analyst specializing in Primary Supplies & Mining. 20 years of expertise in fairness analysis. BA in Enterprise Administration from Westminster Faculty. MBA with a Finance focus from the College of Missouri. MA in Worldwide Affairs from Washington College in St. Louis. Named WSJ ‘Greatest on the Road’ Analyst and Forbes/StarMine’s “Greatest Brokerage Analyst.” FINRA licenses 7, 24, 63, 87.

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