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 for potential future mining operations.
Steenkampskraal has the highest concentration of Rare Earth Elements (REE) 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 from the Steenkampskraal mine will yield rare earths to the value of approximately US$ 3,200 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 – Over 80% of the work already done.
Low Opex – Shallow mine depth at an average of 100m with high-grade ore body.
A National Instrument 43-101 compliant Technical Report with a Mineral Resource Estimate (MRE) is complete.
The Department of Mineral Resources (DMR) has issued a Mining Right for the Steenkampskraal Mine.
The National Nuclear Regulator (NNR) has issued a Certificate of Registration to the Steenkampskraal mine which allows it to mine, process, transport and store naturally-occurring radioactive materials.
A Mining Works Programme has been approved by the DMR.
The mine has a DMR-approved Environment Management Programme.
The mineralogical characterisation of the ore and the metallurgical tests are complete.
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.