{"id":46677,"date":"2024-04-23T13:07:35","date_gmt":"2024-04-23T12:07:35","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=46677"},"modified":"2024-04-23T13:07:35","modified_gmt":"2024-04-23T12:07:35","slug":"bcm-releases-exceptional-mre-for-the-ema-project","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/bcm-releases-exceptional-mre-for-the-ema-project\/46677\/","title":{"rendered":"BCM releases exceptional mineral resource estimate for the Ema project"},"content":{"rendered":"
Located in \u00a0Apu\u00ed, Amazon, Brazil, the Ema and Ema East projects, collectively known as the Ema project, share almost identical characteristics with the ionic REE deposits developed over felsic volcanic rocks in southwest China, the world’s largest known ionic clay region.<\/p>\n
The MRE unveiling marks a significant milestone not only for BCM but also for Brazil as it positions itself as a formidable contender in the global REE market.<\/p>\n
The inferrred MRE, encompassing a staggering 1,017 million tonnes (Mt) @ 793 parts per million (ppm) Total Rare Earth Oxides (TREO), underscores the immense potential harboured within Brazil’s REE-rich territories.<\/p>\n
Andrew Reid, BCM Managing Director, commented: “Today’s announcement is very important for the Company and our shareholders as it now sets us on a path towards development.<\/p>\n
“This result places Ema as one of the largest ionic rare earths deposits in the world. The team has done a tremendous job in getting such a large MRE defined in less than one year, which now confirms the immense potential of the Ema project in Brazil.<\/p>\n
“Not only do we have a massive mineral resource of >1 billion tonnes, but we also have >300 million tonnes at grades close to 1,000ppm, which will assist in generating positive financial cash flow models.<\/p>\n
“Opportunities to increase both grade and tonnage remain high due to the extremely conservative global specific gravity (SG) of 1.34, which was applied to the estimated volumes. Additional deeper, less weathered samples from the higher-grade horizon are expected to result in significantly higher SGs.<\/p>\n
“With only 46% of the total area drilled, the team is confident of increasing not only tonnages but believes the opportunities to also increase the grade are well founded and will be tested through the next round of drilling commencing over the coming months. BCM is now well on its way to establishing the Company as a global rare earths leader.”<\/p>\n
The Ema ionic REE project emerges as a geological marvel, boasting characteristics akin to the renowned ionic clay deposits found in southwest China\u2014the epicentre of the global REE industry.<\/p>\n