Nechalacho Rare Earth Project Estimated to Cost US$1.41bn

A feasibility study on the Nechalacho rare earth elements (REE) project in North America has estimated a C$1.45 billion (US$1.41 billion) upfront capital cost for a mine and refinery.
 
The study assessed the construction of the underground mine, concentrator and hydrometallurgical plant located in Canada’s Northwest Territories, and a C$404 million rare earth refinery in Geismar, Louisiana.
 
The report was prepared for the project’s owner, Avalon Rare Metals Inc by SNC-Lavalin.
 
Over a 20-year mine life, the mine would process 730,000t/y at a cost of C$362.28/t mined to produce 24,712t of enriched zirconium concentrate and 6,810t of separated rare earth oxides.
 
Avalon’s president and chief executive, Don Bubar said: “With the feasibility study in hand, we can now accelerate the process of securing commitments on future product sales and attracting financial partners to participate in the further development of the Project."


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