Tasman Metals Ltd (TSX.V : TSM; Frankfurt : T61; NYSE-MKT: TAS) is a Canadian mineral exploration and development company focused on Strategic Metals in the European region.
Strategic metal demand is increasing, due to their unique properties that make them essential for high technology and environmentally-beneficial applications. Strategic metals include the 15 rare earth elements ("REE"), and also zirconium, yttrium and niobium. Since over 95% of REE supply is currently sourced from China, the EU is actively supporting policy to promote the domestic supply of strategic metals to secure high-tech industry. Wind turbines and hybrid vehicles like the Toyota Prius simply cannot be built without rare earth minerals.
Tasman's exploration portfolio is uniquely placed, with the capacity to deliver "high-tech" metals from politically stable, mining friendly jurisdictions with developed infrastructure.
NORRA KARR - PROJECT HIGHLIGHTS
- Watch a new video showing infrastructure and resources of the Norra Karr site HERE.
- Norra Karr is a nepheline syenite which contains a large inferred REE Mineral Resource of 60.5 Million Tonnes averaging 0.54% TREO with 53% HREO.
- The project lies in southern Sweden, where infrastructure is second to none. Roads, power and water are at the site and active rail and port facilities are in close proximity.
- Sweden is a mining friendly jurisdiction. Large mines operate within 90km of Norra Karr, providing a skilled local work force and mining related contractors.
- Mineralogical characterization by SGS Lakefield show that the principal REE and zirconium bearing phases are zirconium silicates. Eudialyte is most abundant zirconium silicate comprising 4.3% of the 100kg sample, whilst secondary is catapleiite comprising 2.5%. Zircon and other REE phases are present in only trace amounts.
- Metallurgical (roast and leach) testing by SGS Lakefield has been extremely successful, extracting more than 90% of REE's and Zr from the ore using modest temperatures.
- Numerous intersections of mineralization at Norra Karr are greater than 100m true thickness, which begin at surface and remain open at depth. The inferred Mineral Resource comprises a large mineralized volume amenable to shallow open pit mining.
- An unusually high proportion of high value heavy rare earth oxides (HREO). This Mineral Resource estimate shows HREO/TREO consistently exceeds 50%.
- An unusually high proportion of yttrium and dysprosium, two rare earth elements in scarce supply and strong projected demand. The base case Mineral Resource estimate shows Dy2O3/TREO averages 4.8% and Y2O3/TREO averages 35.1%.
- Norra Karr is unusually low in uranium and thorium relative to peer company projects. The mine site will not require any special permitting or monitoring for radioactivity, and transport of concentrates will not require radioactive permitting. Uranium and thorium in the base case Mineral Resource estimate average 14 ppm and 7 ppm respectively;
The qualified person for the Company's exploration projects, Mark Saxon, President and Chief Executive Officer of Tasman and a Fellow of the Australasian Institute of Mining and Metallurgy and Member of the Australian Institute of Geoscientists, has reviewed and verified the contents of this website.
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