RESERVES AND RESOURCES OF THE ANADOL DEPOSIT

RM MININGS performed a preliminary geological and economic assessment and approved the reserves in the State Commission for Reserves of Ukraine.

Reserves, t Resources, t Total, t
Rare earth ore 635 221 6 940 642 161
Crush stone 58 009 554 58 009 554

The average thickness of the ore body is 1.7 m.
The average grade of rare earth oxides in reserves and resources Σ(TR)O are 3.47% (with the cut-off grade – 0.3%).
Composition Σ(TR)O - La2O3 – 22.4%, Ce2O3– 50.02%, Pr2O3 – 4.22%, Nd2O3 – 20.05%.

MINING METHOD (project)

An open mining method is assumed with the possibility of combined system of mining method.
The first stage of mining is planned by career to +150 meters above sea level

Favorable mining conditional

  • Simple mining conditions with ore body outcrops
  • Open pit period provides quick payback
  • Quick start of production during 1 year of investment
  • Integrated mining with the crushed stone production from overburden

1 stage

Detail
exploration


During 1 year

2 stage

Open Pit
Mining


During next 2 years

3 stage

Underground
Mining


During 10 years

Result

Total


Life of Mine 13 years

MODEL OF ORE BODIES

Hole Trench
14 drill holes were drilled 23 trenches were dug
Chemical testing (19 samples) Chemical testing (200 samples)
Spectral assay (214 samples) Spectral assay (254 samples)
Soil sampling (171 samples)