Global Rare Earth Shortage Encourages Highest Grade Steenkampskraal Restart

Steenkampskraal rare earth elements mine
Steenkampskraal rare earth elements mine

The Steenkampskraal mine has been confirmed by the National Instrument 43-101 Mineral Resource Estimate (MRE) to be the highest grade rare earths mine in the world.

Increased demand and global shortages have encouraged Steenkampskraal Holdings to undertake a new feasibility study for reopening of the highest grade rare earth element mine in the world. Much of the work to reopen the mine has been completed:

The detailed NI 43-101 Mineral Resource Estimate (MRE), indicating 605,000 tons of ore with an average grade of 14.4% or 86,900 tons of rare earths, has been completed. The mineralogical characterisation of the ore and the metallurgical test work have been completed. Generators have been installed for power generation. Groundwater studies have been completed confirming that groundwater supplies from the farms owned by Steenkampskraal are enough to meet the project’s water requirements. Three boreholes have been drilled and equipped with pumps and pipes to supply water to the mine. A reverse osmosis plant has been installed for the purification of the water.
The decline shaft has been partly refurbished, head-gear erected and a winder house built. There is great potential to further increase the mineral resource beyond the current area.The mine has installed air-conditioned mobile offices, together with telephone lines, internet access, internal communication systems and security. A weighbridge and a vehicle washbay are now operational. Surrounding roads have been improved and fences and lighting installed.

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