Quarterly Activities Report
Perth, April 27, 2012 AEST (ABN Newswire) - TUC Resources Ltd (
ASX:TUC) provides its Exploration Activities Report for the quarter ending 31 March 2012.
Highlights
Stromberg Heavy Rare Earth (HREE) Prospect
Step Change in Processing Options
- Excellent results have been gained from the latest metallurgical test work with up to 77% HREE** recovered by a direct acid leach route of clay material. Leaching of HREEs directly into solution potentially gives a more direct processing route allowing TUC to develop a more competitively valued intermediate product when compared to other concentration methods.
- Xenotime has been identified by high detail microscopy as the dominant HREE bearing mineral in the clay material. Xenotime is known for its excellent recovery and processing characteristics and is therefore highly sought after by the rare earth processing industry.
- The presence of Xenotime in clay material at Stromberg has positive implications for TUC's exploration model allowing TUC to draw some geological comparison to some of the lower cost Southern Chinese Clay REE deposits.
REE Industry Cornerstone Investment Strategy
- Discussions are advancing with a number of rare earth industry parties with respect to cornerstone equity investment in TUC. Interest has been bolstered by attendance of a number of national and international conferences including PDAC 2012 in Toronto.
TUC considers early alignment with a major industry player as a valuable advantage, due to the downstream processing and marketing requirements associated with these metals.
New HREE Land Position
- TUC has recently strengthened its land position around the Stromberg area to 2330km2 by pegging new ground based on the Stromberg exploration model. In addition, EL28970 was granted in the quarter allowing new access to Stromberg HREE district targets.
Stromberg HREE District Stakeholder Engagement
- TUC has re-commenced discussions with the Traditional Owners, through the Northern Land Council, with respect to access to the important Stromberg district tenement ELA27151. It is hoped that if discussions are positive; access to this exploration ground will significantly increase the chances of finding additional HREE material.
To view the complete TUC Resources Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-587185.pdf
Contact
TUC Resources Limited
Ian Bamborough, Managing Director
T: +61-8-8947-0944
E: ibamborough@tucresources.com.au
WWW: www.tucresources.com.au/
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