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Excavators|project|resources|trucks

Carina rare earth element project, Brazil

Mounds of rare earths

8th March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Carina rare earth element (REE) project.

Location
Goiás, Brazil.

Project Owner/s
Aclara Resources.

Project Description
Carina has a mineral resource estimated to contain 168.1-million tonnes in the inferred category at 1 510 parts per million (ppm) total rare-earth oxides (TREOs), containing an average dysprosium and terbium grade of 42.1 ppm and 6.9 ppm respectively.

The project is based on standard openpit extraction techniques using conventional hydraulic excavators and 44 t payload haulage trucks to extract and deliver the clays to the process plant.

The preliminary economic assessment highlights significant production of magnetic REEs comprising 70 307 t of TREOs, 18 546 t of neodymium and praseodymium, 2 802 t of dysprosium and 479 t of terbium.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
A pretax net present value of $1.88-billion, at an 8% discount rate, and an internal rate of return of 35.7% has been estimated for the project. Payback is estimated at 3.6 years.

Capital Expenditure
$576-million.

Planned Start/End Date
Alacra aims to start with a feasibility study in the second quarter of 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Alacra Resources, tel +56 2 2565 1033 or email investorrelations@aclara-re.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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