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Auxico plans to construct $116 million uncommon earth refinery in Colombia

CryptoGuru by CryptoGuru
November 30, 2021
Auxico plans to construct $116 million uncommon earth refinery in Colombia
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Auxico’s plant will incorporate customary metallurgical processes plus progressive extraction applied sciences. The objective is to construct a plant with low vitality consumption, considerably shorter and cost-effective cycles, and an total decrease environmental affect.

Feed for the brand new refinery will come from Auxico’s properties presently beneath growth in Colombia and the Democratic Republic of the Congo. The corporate can also be finalizing provide agreements with producers in Brazil and Bolivia.

Auxico signed a expertise licence settlement earlier this 12 months for the ultrasound assisted extraction course of (UAEx). In assessments performed by the corporate over the previous 12 months, the UAEx has confirmed to recuperate at the very least 80% of chosen uncommon earth components over a two-hour leach time.

Laboratory assessments demonstrated that the UAEx course of, when mixed with sure acids and used at numerous frequencies, breaks up the ore into superb particles, thus lowering leach cycle instances.

Auxico holds mineral and floor rights to the Minastyc property within the division of Vichada, Colombia. The corporate has made an preliminary discovery of uncommon earth mineralization with a 56.9% complete uncommon earth content material after leaching and a second discovery 1.6 km away with a 55% complete uncommon earth content material after leaching.

(This text first appeared within the Canadian Mining Journal)

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