The Serra Verde Rare Earth Deposit, Goias State, Brazil: Advancing to Production

The Serra Verde Project is located in the northern part of Goiás state, Brazil, and comprises 49 mineral claims covering an area of 69,814 ha. The Serra Verde deposit is a rare earth element (REE) enriched weathered granite comparable to the weathered granite, or ionic-clay, deposits found in southeastern China. The Mineral Reserves of the Serra Verde Project total 388 Mt (Measured and Indicated) at an average grade of 1,484 ppm of REE oxide (REO). Several hundred agitated leach and column leach tests have confirmed recovery of about 40 to 55% of the REE, except for Ce, using simple desorption techniques. Present plans call for a heap leach operation followed by precipitation of impurities and precipitation of a pure REE carbonate suitable for refining and separation. The project plan includes initial production of 5,000 t/a of REO, with a high content of heavy and critical REO, rising to 10,000 t/a of REO. This production rate will be obtained by mining of the Mineral Reserves over a 22-year mine life at an initial rate of 6 Mt/a for the first four years with the mining rate thereafter increasing as required by grade and production targets.