The Steenkampskraal Mine is located in the Western Cape province of South Africa. It is an existing mine that was operated by Anglo American Corporation from 1952 to 1963.
In addition to the mining right area of 474 hectares, the company also owns three surrounding farms with a total area of about 7,000 hectares.
Steenkampskraal has the highest grade Rare Earth deposit in the world.
It has a resource of about 605,000 tons at an average grade of 14.4% Total Rare Earth Oxide (TREO) for a total of 86,900 tons contained TREO.
Each ton of ore in the Steenkampskraal mine contains rare earths to the value of approximately US$ 3,000 at present market prices.
The total quantity of neodymium in the mine is 15,600 tons at a grade of 2.58%.
There is great potential to further increase the mineral resource beyond the current mine area.
Low Capex – Much of the work and the investment to bring the mine into production has already been done.
Low Opex – Shallow mine with an average depth of 100m.
A National Instrument 43-101 compliant Technical Report with a Mineral Resource Estimate (MRE) is complete.
The Department of Mineral Resources (DMR) issued a New-Order Mining Right for the Steenkampskraal Mine which is valid until 2030 and which is renewable.
The National Nuclear Regulator (NNR) issued a Certificate of Registration to the Steenkampskraal mine which allows it to mine, process, transport and store naturally-occurring radioactive materials.
The DMR approved Steenkampskraal’s Mining Works Programme.
The DMR approved Steenkampskraal’s Environmental Management Programme.
Steenkampskraal has completed the mineralogical characterisation of the ore and the major metallurgical tests.
The mine shaft has been partly refurbished.
Boreholes have been drilled that can provide sufficient water for the mine’s requirements.
A reverse osmosis water treatment plant has been installed.
Office buildings have been installed and much of the infrastructure is now in place.