Hello prospectors & developers, Motherlode Consulting Inc. would like to bring you our 11th post of world-class mineral districts!
Our 11th post focuses on #REE in #Brazil, which has drawn the attention of 8 exploration & developing companies. Brazil ranks Top 25 of the world for its Investment Attractiveness measured in The Fraser Institute Annual Survey of Mining Companies 2022.
Rare earth elements (REE) mineralization is primarily hosted in #carbonatites, which are igneous rocks formed in the crust by fractional crystallization of carbonate-rich melts derived from the mantle. Other occurrences include REE-rich laterites formed by weathering of carbonatites and/or granitic rocks.
Rare earth elements (REEs) are a group of 17 chemical elements, which are categorized into two main groups based on their atomic number and mass: Light rare earth elements (LREEs) of atomic numbers ranging from 57 to 64, including lanthanum (La), cerium (Ce), praseodymium (Pr), and neodymium (Nd). Heavy rare earth elements (HREEs) of atomic numbers ranging from 65 to 71, including gadolinium (Gd), terbium (Tb), dysprosium (Dy), and yttrium (Y).
There are 9 known projects in Brazil, concentrated in two states, #MinasGerais to the south and #Goias and #Tocantins states to the center of the country. The average resource size for a project being 339 Mt @ 1.9% TREO. The image below shows the number of REE projects in Brazil distributed through the Lassonde Curve, where only the Serra Verde project is a pure REE producing operation also being the largest REE resource in Brazil at 911Mt @ 0.12 % TREO.
Itafos PEA-stage Araxa Project (28 Mt @ 4.2% TREO) along with Meteoric Resources 's Caldeira project (409 Mt @ 0.26% TREO) and INB (Industria Nucleares do Brasil) Pocos Caldas project (6 Mt @ 3% TREO) are the only projects with defined resources.
The remaining companies are all in exploration stage and include Canada Rare Earth Corporation., Alvo Minerals Ltd and Appia Rare Earths & Uranium Corp. (CSE: API | OTCQX: APAAF)
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Mining Consultant @ WeMine Zimbabwe | Mineral Rights
6moAlso looking for potential investors for my asset