Search Minerals Inc. (SHCMF)

[chico237]

Hey Doug! Search has 20-TONS of REE oxides! for phase II.
http://www.searchminerals.ca/news/news-releases/search-minerals-magnetic-separation-of-bulk-samples-commences-at-sgs-canada
The SGS program involves crushing and grinding the bulk samples and feeding a series of magnetic separation devices to produce:
1) A magnetic concentrate by Low Intensity Magnetic Separation (LIMS) containing predominantly magnetite (an iron oxide mineral),
2) A magnetic concentrate by Wet High Intensity Magnetic Separation (WHIMS) containing the majority of the rare earth element values in the original sample and
3) A final non-magnetic material fraction containing non-magnetic material, including the zircon mineral containing zirconium and hafnium.
The testing will be carried out at a scale of over 500 kg per hour of material treatment for the next few weeks. The results of the testing will be used as part of our “scale up” to a full commercial magnetic separation plant. The LIMS concentrate will be evaluated for sale as a potential iron ore concentrate. The WHIMS concentrate will comprise 18-20 tonnes of material from the two bulk samples. This concentrate will be used as material for our PHASE 2 program to further study and scale up the Direct Extraction Process for rare earth recovery. Finally, the non-magnetic concentrate will be studied for zirconium and hafnium recovery by flotation.

Doug-
I "love" the processes too! Search ore bodies which are "Clean & free of radio-actives" & can be concentrated via WHIMS & (SX) plus the fact that the resource is "MUCH" larger (an entire District!). I am expecting a low CAPEX/OPEX of @$150M (to get OP & separation going) for the combined OP- projects, & twice that for NPV$. The upcoming PEA will tell the tale shortly.

Search is ahead of the CURVE as well! IMHO & should be the only Canadian Owned REE Critical Mineral Project in CANADA very soon! Should qualify for some Canadian "Cheese" as they are working hand in hand with the govt. now. They might also seek a partner & USARE is watching indeed!

All IMHO & form your own conclusions!

Chico