Commerce Resources (CCE.V), the most exciting company in the Zimtu Capital (ZC.TO) stable has been making continuous progress at the Ashram Rare Earth project in Québec, Canada.
The company has now provided the final results of a metallurgical test that was aimed at confirming whether or not the REE’s could be recovered through a simplified flow sheet instead of using a double-leach scenario. That seems to have been pretty successful as Commerce has now confirmed that not only does the simplified flow sheet work, it also achieved a higher average recovery rate (up to 76% from 71%) resulting in a mineral concentrate with an average grade of 42% TREO.
Now the theory has been confirmed, Commerce will continue to fine-tune the flowsheet and conduct additional tests on a larger scale and this will undoubtedly lead to some renewed interest from Asia. We have discussed the company’s plans at Ashram at length with president Chris Grove and will release an introduction report in the near future.
> Click here to go to Commerce’s website
Disclosure: The author currently has no position in Commerce Resources. Umbrella-company Zimtu Capital might become a sponsor of the website. Please see our disclaimer for current positions.
