Our short term objectives are focused on ensuring that the Nolans Project obtains all regulatory approvals and that all commercial agreements are finalised, enabling us to capitalise on rare earths, phosphate and uranium market opportunities.

This will include construction of a Rare Earths Chemical Complex at a site to be confirmed with first production from Nolans expected in 2013.

A process flow sheet has been developed and successfully piloted, aimed at recovering the following saleable products:

• rare earth oxides;
• phosphoric acid;
• uranium oxide; and
• gypsum.

A bankable feasibility study is now in full swing, with comprehensive work streams progressing at both the Nolans Bore Mine and Rare Earths Chemical Complex sites.