Hawthorn, Australia, 10 Nov – Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique had reserves of rare earth elements of 1.1 million tons.
In a statement filed with the Australian Stock Exchange, the Hawthorn-based company also said that 220 drill holes were made 50 metres apart from each other and samples were analysed by the Perth Intertek Genalysis company.
Southern Cross Resources said that one of the benefits of this concession was the balance of both light and heavy rare earth elements containing neodymium, europium, ytterbium, dysprosium and yttrium.
The Australian company will now begin a number of metallurgical tests to identify the best process to concentrate the rare earth elements at the concession.
The Xiluvo concession includes part of mount Xiluvo in Mozambique’s Sofala province, some 110 kilometres from the port of Beira and has the added benefit of being linked to the north by a paved national road (N6) and to the west and south by railroads linking Zimbabwe (via Mutare) to Beira. (macauhub)