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PVW shows increased REE recovery at Tanami

30 March 2022
ASX: PVW
Jack Baker

PVW Resources advanced metallurgical test work has shown promise for increased total rare earths recovery, including highly sought after dysprosium and terbium in the company’s Tanami rare earth project northwest of Halls Creek in Western Australia.

The results improve previously reported Heavy Rare Earth Recovery –including an average of 2,990ppm dysprosium oxide and up to 5,795ppm dysprosium oxide – by more than 7 per cent (HREO 87.16pc).

The company said boosted recoveries demonstrate economic xenotime downstream processing potential.

“The positive results from the initial sighter metallurgical test work have provided the team with several key findings,” executive director George Bauk said.

“Secondly, no fatal flaws have been identified in the testwork, and initial tests have demonstrated that ore sorting and magnetic separation work, with positive upgrade/mass rejection and very good recovery.”

“The test work program at this stage is not focused on optimisation and variability studies, but simply to ensure the known method of processing xenotime works.”

PVW’s Australian Stock Exchange-listed share price has risen 3.06 per cent today, selling at 50c (9.19 am UTC+ 8 hours).

COMPANY OVERVIEW

PVW Resources (ASX: PVW) is a diversified resource company established by a group of highly experienced mining executives that includes key members of the team that founded Northern Minerals and oversaw the development of the Browns Range Heavy Rare Earths Project. With a project portfolio spanning Tier-1 mining jurisdictions in the Tanami region of the NT, Kalgoorlie and Leonora, PVW has embarked on a potentially game-changing exploration campaign at its flagship Tanami Heavy Rare Earths and Gold Project in the NT. Located in the heart of the world-class Tanami mineral province, the Tanami Project offers exceptional potential for significant new heavy rare earths and gold discoveries, at a time when demand and pricing for critical minerals such as rare earths has never been more favourable to incentivise the discovery and development of potential new supply sources as part of a diversified global supply chain.

COMPANY INFORMATION

ASX: PVW

Website

https://pvwresources.com.au/
https://www2.asx.com.au/markets/company/pvw

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