INDEPENDENT NEWS

Chatham Rock Phosphate Focuses on Rare Earths Research

Published: Fri 17 Nov 2017 12:42 PM
Chatham Focuses on Rare Earths Research
WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") confirms that it is about to commission a research project to be undertaken by a local University.
As advised in our 1 September update, the research will be aimed at separating valuable by-products (including rare earths) that are also contained within the sandy seafloor matrix that contains the rock phosphate deposit. As our proposed recovery process would already bringing these sands up to the vessel there would be no mining cost involved, merely the costs of separating these by-products from the sand before it is returned to the sea-floor. Successful recovery of even a tiny proportion of these by-products could add significantly to our future revenue and profitability prospects and also establish a strategic ocean-floor based asset for New Zealand.
As there is no certainty that any of these rare earths can be recovered, it is not yet appropriate to name the actual elements that our sampling programme has determined are present on the sea floor.
ENDS

Next in Business, Science, and Tech

Industry plan could create a billion dollar gaming sector
By: New Zealand Game Developers Association
Government moves to protect elite soils
By: New Zealand Government
Calls for overhaul of gene-technology regulations
By: Royal Society Te Aparangi
Card spending dips in July
By: BusinessDesk
Govt takes more action to reduce waste
By: New Zealand Government
Fonterra Provides Update on Earnings
By: Fonterra
NZ gaming industry outlines plan for home-grown 'Angry Birds
By: BusinessDesk
Interactive media a game changer for digital economy
By: New Zealand Government
Potatoes vs people: govt moves to protect top vege-growing
By: BusinessDesk
New Zealand First Backs Plans to Protect Productive Land
By: New Zealand First Party
LGNZ cautious as government pits potatoes against houses
By: Local Government NZ
HortNZ welcomes safeguarding of country’s best growing soils
By: Horticulture NZ
Anti-housing rules to keep Kiwis locked out
By: New Zealand Taxpayers' Union
Productive farming land dug up for housing
By: RNZ
Gene editing regulations – Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media