RE:Will take any news at this point.The new pads, in addition to three existing drill pads remaining from the highly successful 2019 drill program, will facilitate successful execution of the 2021 Wicheeda drill program which is expected to comprise a minimum of 2,000 metres and up to 5,000 metres. The 2021 drilling will focus on expanding the zone of REE mineralized dolomite-carbonatite to the north, in addition to further delineating existing inferred resources within the central and northwestern areas of the deposit (see Defense Metals news release dated May 26, 2021). he Company’s ongoing economic scenario analysis is well underway and progressing according to expectation with respect to resource review, scenario definition, mine costing; and evaluation of mineral processing, hydrometallurgy, and separation cost phases (see Defense Metals news release dated March 30, 2021). Multiple scenarios are being evaluated including mineral concentrate production, mixed REE precipitate, and separated REO options.
The scenario analysis will facilitate decision making related to performing a Preliminary Economic Assessment (PEA) with respect to the Wicheeda REE Project. The scenario analysis will evaluate the potential of multiple mine development scenarios through the completion of economic trade-off studies, which subject to results, will form the basis for the PEA.
https://defensemetals.com/defense-metals-completes-drill-pad-construction-in-advance-of-2021-wicheeda-rare-earth-element-deposit-drill-campaign/