Canadian explorer and project developer Search Minerals has updated a preliminary economic assessment (PEA) on its Foxtrot rare earth element project, located in south-east Labrador, reconfirming robust economics and the potential to become a profitable producer of rare earth elements (REE), particularly dysprosium, neodymium, praseodymium and Terbium.
The revised PEA was prepared by Roscoe Postle Associates (RPA), with the objective to incorporate the mineral processing engineering study prepared by SNC-Lavalin for the company in June 2015.
