Auxico Assets Canada (CSE: AUAG) is planning to construct a ten,000-sq.-metre uncommon earth refinery within the free commerce zone within the metropolis of Santa Marta, Colombia. With a throughput of 36,000 tonnes per yr, the estimated price of the plant can be US$116.2 million.
The corporate says this would be the first uncommon earth refinery within the Western Hemisphere. It has already signed a lease with an choice to buy 4 tons inside the Zona Franca Tayrona industrial park.
Auxico’s plant will incorporate commonplace metallurgical processes plus modern extraction applied sciences. The aim is to construct a plant with low power consumption, considerably shorter and cost-effective cycles, and an general decrease environmental affect.
Feed for the brand new refinery will come from Auxico’s properties at the moment underneath growth in Colombia and the Democratic Republic of the Congo. The corporate can also be finalizing provide agreements with producers in Brazil and Bolivia.
Auxico signed a know-how licence settlement earlier this yr for the ultrasound assisted extraction course of (UAEx). In exams carried out by the corporate over the previous 12 months, the UAEx has confirmed to get well not less than 80% of chosen uncommon earth parts over a two-hour leach time.
Laboratory exams demonstrated that the UAEx course of, when mixed with sure acids and used at numerous frequencies, breaks up the ore into nice particles, thus decreasing leach cycle instances.
Auxico holds mineral and floor rights to the Minastyc property within the division of Vichada, Colombia. The corporate has made an preliminary discovery of uncommon earth mineralization with a 56.9% whole uncommon earth content material after leaching and a second discovery 1.6 km away with a 55% whole uncommon earth content material after leaching.