PAW -(PWCRF) Pacific Wildcat Resources Corp. - Company Website pacificwildcat.com
resourceinvestor.com
China Cuts First-Round Rare Earth Export Quotas by 11%
By Bloomberg News - Dec 28, 2010
bloomberg.com
84% of shares control by insiders and close asssociates(makes for a big boomer in the making)
Drill holes img291.imageshack.us
pacificwildcat.com
The plant has been used for the production of tantalum from alluvial sources at various locations in the northwest of western Australia from 1995 until 2001. As the plant has not been used for a number of years it will require a refurbishment program which will be undertaken at Nagrom Mineral Processing in Perth, Western Australia. Nagrom has extensive expertise in the refurbishment and operation of tantalum processing plants as well as tantalum processing experience in Mozambique tantalum plant goes into production in Feb 2011
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RARE EARTH DEAL CLOSES JAN 2011
Pacific has not undertaken any independent investigation of the drill results nor has it independently analyzed the results of the previous exploration work in order to verify these results. Therefore, the historical drill results should not be relied upon. It believes that these historical drill results provide a conceptual indication of the potential of mineral occurrences within the project and are relevant to continuing exploration. The company intends to confirm the historic exploration results through drilling as soon as possible. Historical information shows a large REO deposit is located coincidently and in close proximity to the niobium deposit at Mrima Hill. Binge (1955) reports a total of 35 million tonnes of mineralization at 3.1 per cent REO in the surface-weathered profile. Deans (1966) reports 49 million tonnes of mineralization at 0.5 per cent REO containing a high-grade portion of six million tonnes at 5.0 per cent REO. A qualified person has not conducted sufficient work to classify the historical estimate as current mineral resources. Pacific is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Unfortunately, none of the assay data used in these estimates is available. However, a plan taken from African Strategic Minerals (September, 2008) shows contours of REO mineralization on Mrima Hill. The plan indicates the potential for high-grade (up to 8 per cent) REO mineralization.
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REO Application Rochelle Nolan's Mt. Mountain Baiyunebo
tests Austalia Weld Pass
Lanthanum (%) Petroleum
Cracking 29.90 19.74 25.60 33.20 27.10
Cerium (%) Autocatalysts, glass 44.49 47.53 45.74 49.10 49.86
Praseodymium (%) Magnets, glass 4.62 5.82 5.42 4.34 5.15
Neodymium (%) Magnets 14.24 21.20 18.62 12.00 15.40
Samarium (%) Magnets 1.95 2.37 2.44 0.80 1.15
Europium (%) Phosphor, nuclear
control 0.30 0.40 0.55 0.12 0.19
Gadolinium (%) Phosphors 1.58 1 0.97 0.17 0.40
Terbium (%) Phosphors 0.05 0.08 0.09 - -
Dysprosium (%) Magnets, lasers 0.45 0.33 0.16 - 0.30
Yttrium (%) Phosphors, alloys 3.61 1.32 0.37 0.10 0.20
Other (%) 0.21 0.04 0.16 0.03
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Here is a list of the 17 REEs and their uses;
Scandium
Aluminum alloy: aerospace
Yttrium
Phosphors, ceramics, lasers
Lanthanum
Re-chargeable batteries
Cerium
Batteries, catalysts, glass polishing
Praseodymium
Magnets, glass colorant
Neodymium
Magnets, lasers, glass
Promethium
Nuclear batteries
Samarium
Magnets, lasers, lighting
Europium
TV color phosphors: red
Gadolinium
Superconductors, magnets
Terbium
Phosphors: green, fluorescent lights
Dysprosium
Magnets, lasers
Holmium
Lasers
Erbium
Lasers, vanadium steel
Thulium
X-ray source, ceramics
Yterrbium
Infrared lasers, high reactive glass
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img638.imageshack.us (PAW in RED NUMBERS)
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China Will Continue to Dominate the Rare Earths Market in 2011
23 December 2010, 08:00 a.m.
By Alex Létourneau
Of Kitco News
kitco.com
Editor’s Note: Prices for many precious and base metals hit record highs in 2010, as economic uncertainty rattled around the globe. What does 2011 hold for gold, silver, platinum, palladium, copper and other metals? Kitco News reporters have prepared a series of stories which examine what is in store for 2011, not only for metals but for currencies, stocks and the overall economy. These stories will be posted on Kitco.com during the holiday period and also will be featured in a special section. Stay tuned for video highlights as well.
(Kitco News) - China’s dominance of global rare earths output will continue in 2011, yet at the same time other nations are starting to make preparations to pull more metal from the ground and reduce China’s stranglehold on the market in future years.
Until the last few months, the mention of rare earth metals likely would elicit a blank stare unless the conversation involved someone in a specific sector that uses the elements.
Rare earth metals, known as REEs, burst into the mainstream media limelight during the past several months, with articles in The New York Times, The Wall Street Journal, the Financial Times, on major wire services and televised segments on CNBC. The big exposure came with a flap that developed when China, which controls 95% to 97% of the current REE global output, stopped exporting to the Japanese.
Fears continue over the supply of rare earth metals, which consist of 17 elements used in creating a variety of consumer, environmental and industrial-driven technological products. Despite some movement expected in 2011 and beyond to develop greater supply from other global sources, the Chinese still hold the shovel.
“They have the ability to dictate the market if they want to,” said Charl Malan, senior metals and mining analyst at Van Eck Global. The company offers a number of metals-related investments and this fall started the first U.S.-listed exchange-traded fund for equities of companies involved with producing, refining and recycling rare earth/strategic metals.
“With rare earths growth in the next five years about 225,000 tons, that’s about 9% (year-on-year) growth number,” Malan said. “Currently, supply is about 125,000 tons, out of which China produces about 120,000 tons.”
Major importers have come to depend on China due to its ability to manufacture REEs at a reasonable cost. The embargo China placed on exports to Japan has been devastating to the Japanese and shows the strength of the REE demand China commands. Japan was the leading importer of REEs.
“News out of China is a big part of it,” said The Mercenary Geologist Mickey Fulp. “It is a purely speculative sector. As news comes out of China about export quotas, relaxing export quotas or news of any kind on that regard…supply and demand fundamentals of the rare earth elements sector is going to affect prices.”
Fulp said China controls well over 90% of the current supply. The dominance is mainly because the Chinese have developed the ability to manufacture these minerals in such a way that the rest of the world could be falling behind quickly, not because rare earth metals are really that rare.
“For me, if I look at the bigger picture for rare earths, this is what’s essential,” Malan of Van Eck said. “There’s an abundance of rare earths around the world. It’s not so much the mining, it’s the fact we don’t have the manufacturing capacity and we don’t have the skill sets or the equipment. That’s my biggest concern.”
Malan believes that China has invested its resources in such a way that it is now properly positioned for the future in terms of manufacturing capacity, but more importantly, well placed from a knowledge standpoint.
“To have the refined product really work, you obviously need very highly educated, highly skilled people specifically within an industry,” Malan said. “There’s something like 800 people with Ph.D.s specifically linked to rare earths. They don’t just focus on the equipment, the processing and the manufacturing side of it but also the manpower and the knowledge base behind it.”
A half century ago China was not among the leading producers of REEs. Between 1950 and 1980, the U.S., India, South Africa and Brazil were considered to be the front-runners in production. During the 1980s, China began underselling competitors, leading to consumers purchasing cheap supply from the Chinese.
This had a negative effect on REE mines in several countries, leading to most being shut down. Molycorp Minerals mine in California was once the largest REE producer in the world but was forced to close in 2002. The mine is set to reopen in 2011 and should begin contributing production by 2012.
“In 2012, there will be additional supply from Molycorp which will be 20,000 (metric) tons,” said Marino G. Pieterse, publisher and editor of Gold Letter International, Uranium Letter International and Rare Earths Elements International.
Molycorp is not the only rare earths company beginning REE production in the next few years.
“In 2013 you’ll have three other companies that will begin producing REEs,” Pieterse said. “Frontier Rare Earths will produce 10-20,000 (metric) tons, Greenland Minerals and Earths LTD will have 40,000 (metric) tons and then there’s Rare Elements Resources LTD, which will have 20,000 (metric) tons.”
Lynas Corporation in Australia is also slated to begin REE production, with tonnage reaching over 20,000.
Analysts said that the move towards wider production could mean there will be an over-supply of REEs by 2014-2015, which will bring stability to prices.
Despite the title of being rare, REEs are in abundance. With countries other than China developing the means to manufacture these metals coupled with the need to introduce and maintain greener technologies, REEs are expected to perform well in the coming years.
“I see bigger and better things for the entire sector,” Fulp said.
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Here is a list of the 17 REEs and their uses;
Scandium
Aluminum alloy: aerospace
Yttrium
Phosphors, ceramics, lasers
Lanthanum
Re-chargeable batteries
Cerium
Batteries, catalysts, glass polishing
Praseodymium
Magnets, glass colorant
Neodymium
Magnets, lasers, glass
Promethium
Nuclear batteries
Samarium
Magnets, lasers, lighting
Europium
TV color phosphors: red
Gadolinium
Superconductors, magnets
Terbium
Phosphors: green, fluorescent lights
Dysprosium
Magnets, lasers
Holmium
Lasers
Erbium
Lasers, vanadium steel
Thulium
X-ray source, ceramics
Yterrbium
Infrared lasers, high reactive glass
Lutetium
Catalyst, PET scanners
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niobium deposit
Work by Terra Search Pty. Ltd. in December, 2009, and July, 2010, as interpreted by Pacific, based on historic Anglo American data (comprising 392 shafts to 10 m in depth and two diamond drill holes, Mk7 and Mk8, for 308 m), indicates a potential mineralization target of 40 to 50 million tonnes at 7,000 to 8,000 grams per tonne Nb2O5 (based on a cut-off grade of 2,000 g/t Nb2O5), containing a high-grade zone of 10 to 15 million tonnes at 12,000 to 14,500 g/t Nb2O5 (based on a cut-off grade of 10,000 g/t Nb2O5). The potential quantity and grade are conceptual in nature. There is insufficient exploration to date to define a mineral resource. It is therefore uncertain if further exploration will result in the target being delineated as a mineral resource. In industry terms, this is very high-grade niobium mineralization. A large proportion of this mineralization is located within 10 m of the surface. Although drill data at depth are limited, diamond drill hole MK7 indicates the potential below-surface laterite layer for high niobium grades including:
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PAW INTERCEPTS HIGH GRADE TANTALUM MINERALISATION FROM INITIAL DRILLING PROGRAM IN MOZAMBIQUE
Pacific Wildcat Resources Corp. has released the results from PAW's inaugural 1,473-metre RC (reverse circulation) drilling program completed in November, 2009, targeting tantalum and lithium mineralization at the company's Muiane project in northern Mozambique.
Significant high-grade tantalum intersections were returned from RC holes at Muiane, including:
NH127: 16 metres at 1,047 grams per tonne Ta205, including eight metres at 1,865 grams per tonne Ta205;
NH139: 11 metres at 708 grams per tonne Ta205, including five metres at 1,158 grams per tonne Ta205;
NH132: Seven metres at 373 grams per tonne Ta205, including two metres at 740 grams per tonne Ta205.
Significant intersections of lithium were also returned at Muiane with:
NH139: 12 metres at 1.411 per cent Li20, including two metres at 2.605 per cent Li20;
NH138: Two metres at 1.275 per cent Li20.
In addition PAW is pleased to report intersections from company's first drilling program at its Maridge prospect, located seven kilometres northwest of Muiane with a best tantalum intersection of:
MA003: Two metres at 265 grams per tonne Ta205. |
