Significant progress on Narraburra REE Project with production of second, cleaner Mixed Rare Earth Carbonate (MREC), NSW
Project Name: Narraburra Rare Earth Element (REE) Project
Project Location: New South Wales (NSW), Australia
Project Stage: Advanced Exploration
ProjectBank Summary:
Godolphin Resources Limited (ASX: GRL) has successfully produced a second Mixed Rare Earth Carbonate (MREC-2) product from its Narraburra REE Project. This cleaner product, developed through an advanced metallurgical process incorporating Ion Exchange (IX), contains significantly fewer impurities than its predecessor (MREC-1). The IX process removed 98% of uranium, reducing its content to 7ppm, while maintaining consistent high magnet rare earth oxide (MREO) grades. MREC-2 positions Godolphin as a competitive player in the REE sector, with potential discussions with off-take partners set to accelerate in 2025.
Godolphin Resources Highlights:
Production of MREC-2 with 14.8 wt% Magnet Rare Earth Oxides (Tb, Dy, Nd, Pr) and 57.8 wt% Total Rare Earth Oxides (TREO).
Uranium content reduced from 223ppm to 7ppm through the IX process, achieving 98% impurity removal.
MREC-2 exhibits higher purity and comparable grades to industry-leading clay-hosted REE projects.
Discussions with off-take partners to begin early in 2025, leveraging MREC-2's superior quality.
MD/CEO Statement:
Jeneta Owens, Managing Director, commented: “This latest development highlights the considerable potential of the Narraburra REE project and we’re very pleased to have successfully produced a significantly cleaner product following the inclusion of a commonly used Ion Exchange step into the process flowsheet. Pleasingly, this removed 98% of the uranium content with minimal REE loss and leaves the Company well placed with two samples to underpin discussions with off take partners.”
