Great Western Minerals Group Selects Steenkampskraal Rare Earth Processing Plant Detailed Design Team
July 27 2011 - 7:00AM
Marketwired
Great Western Minerals Group ("GWMG") (TSX VENTURE: GWG)(OTCQX:
GWMGF) is pleased to announce that it has contracted DRA Mineral
Projects (Pty) Ltd. ("DRA") of South Africa, a company with a
strong track record of utilizing world class standards, for the
detailed design of the Steenkampskraal processing plant.
DRA is a multi-disciplinary, multi-national organization that
specializes in the mining, infrastructure and mineral processing
industries. As one of the largest project management enterprises in
Africa, the South African-founded group of companies has
constructed plants on five continents.
DRA is highly regarded for managing projects with a "zero harm"
focus, as evidenced by its excellent safety record. All of DRA's
world class quality standards, systems and procedures are based on
ISO standards.
The processing plant, as the first step in the production
process in which Rare Earth ore is converted into Rare Earth
chlorides, will be located at the Steenkampskraal mine site. The
plant detailed design project is expected to be completed by
December 2011.
The processing plant will "crack" the monazite ore through a
caustic leaching process, removing copper and gold by flotation.
Tri-sodium phosphate will also be produced as a by-product with the
potential for onward sales. The thorium contained in the Rare Earth
ore will be removed at the processing stage, and be readied for
licensed storage, leaving a clean rare earth chloride ready for the
solvent extraction separation phase as at the recently announced
Rare Earth materials facility (see GWMG Media Release: July 25,
2011: Great Western Minerals Group Signs Groundbreaking Head of
Terms to Build Rare Earth Separation Plant in South Africa).
GWMG President and Chief Executive Officer Jim Engdahl said,
"Awarding the contract for the detailed design of the processing
plant at our Steenkampskraal operation is yet another significant
step forward in the execution of our plan to become a fully
integrated Rare Earth producer by early 2013."
"Contracting DRA, with its strong track record of superior
performance, ensures we can achieve world class design and
construction standards within the processing plant, combined with
cutting edge technology," Engdahl added.
Great Western Minerals Group Ltd. is an integrated Rare Earths
processor. Its specialty alloys are used in the battery, magnet and
aerospace industries. Produced at the Company's wholly owned
subsidiaries Less Common Metals Limited in Birkenhead, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys
contain aluminium, nickel, cobalt and Rare Earth Elements. As part
of the Company's vertical integration strategy, GWMG also holds
100% equity ownership in Rare Earth Extraction Co. Limited, which
owns a 74% equity interest in the Steenkampskraal Mine. In addition
to a planned exploration program at Steenkampskraal, GWMG also
holds interests in six Rare Earth exploration and development
properties in North America.
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements (often, but
not always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions,
expectations and estimates of management of GWMG as at the date the
statements are made and are subject to a variety of known and
unknown risks and uncertainties and other factors that could cause
actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements. Those
factors include, but are not limited to, the results of the
exploration program, a resource estimate and commencement of
production at Steenkampskraal, satisfaction of the conditions
precedent with respect to GWMG's offtake agreement, receipt of all
required approvals (including those relating to the commencement of
production at the Steenkampskraal mine) and risks, uncertainties
and other factors that are beyond the control of GWMG, risks
associated with the industry in general, commodity prices and
exchange rate changes, operational risks associated with
exploration, development and production operations, delays or
changes in plans, risks associated with the uncertainty of reserve
or resource estimates, health and safety risks and the uncertainty
of estimates and projections of production, costs and expenses. In
light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place
undue reliance upon forward-looking information. Although GWMG
believes that the expectations reflected in the forward-looking
statements set out in this press release or incorporated herein by
reference are reasonable, it can give no assurance that such
expectations will prove to have been correct. The forward-looking
statements of GWMG contained in this News Release, or incorporated
herein by reference, are expressly qualified, in their entirety, by
this cautionary statement and the risk factors contained in GWMG's
current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Great Western Minerals Group Ltd. Dwight Percy Manager
of Investor Relations (306) 659-4500 Great Western Minerals Group
Ltd. 219 Robin Crescent Saskatoon, SK S7L 6M8 info@gwmg.ca
www.gwmg.ca
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