Surprising discovery: Deposit of 298 MILLION tons of rare earths in Goiás exceeds expectations by 77%!

Goiás gains strength with the advance of Aclara, which promises to consolidate its position as one of the main suppliers of rare earths in Brazil

A Aclara Resources, one of the main mining companies rare Lands, announced a significant update to the mineral resource estimate of the Carina Module, located in Goiás. With an impressive increase in 77% in inferred mineral resources, the company is strategically positioned in the rare earths market, especially in the context of growing global demand for these crucial elements for sustainable technologies, such as electric vehicles and wind turbines, according to brasilmineral. Have you ever imagined finding a deposit with millions of tons of rare earths and other ores and then discovering that this deposit was just the tip of the iceberg? That's exactly what happened... The deposit was no less than 77% larger than expected.

Aclara's new report reveals that the Carina Module now has 298 million tons of inferred mineral resources, compared to 168 million tons previously reported in December 2023. Furthermore, the amounts of magnetic elements, such as dysprosium and terbium (heavy rare earths), increased significantly, as did those of neodymium and praseodymium (light rare earths). This advancement not only highlights the potential of the project in Goiás, but also places Aclara in a prominent position in the global race for rare earths.

The rise of Goiás on the global rare earths scene

With this substantial increase in resources, Goiás consolidates its importance on the global mining map. Aclara Resources, by expanding its operations in the state, demonstrates the strategic relevance of the region for the extraction of rare earths. These raw materials are essential for the production of permanent magnets, fundamental in the manufacture of electric vehicles and wind turbines, pillars of the global energy transition.

The location of the Carina Module, with deposits close to the surface, provides the mining company with a significant advantage in terms of operating costs. Additionally, Aclara’s patented metallurgical recovery process, known as “Circular Mineral Harvesting“, offers an approach innovative and sustainable for the extraction of these elements, minimizing the environmental footprint of the operation.

Expansion and new challenges for Aclara Resources

The expansion of Aclara's mineral rights in the Carina Module, with the acquisition of new adjacent areas, opens doors for future exploration and optimizations. This not only strengthens the mining company's position in Goiás, but also prepares the ground for the company to continue advancing in its mining studies. pre-feasibility and viability.

Barry Murphy, COO of Aclara Resources, highlighted the importance of this mineral resource upgrade as a crucial milestone for heavy rare earth carbonate production at the Carina deposit. He also emphasized that the company is well positioned to convert inferred resources into measured and indicated resources, in addition to optimizing processes and advancing on critical fronts, such as environmental and social licensing.

The promising future of Aclara Resources in Goiás

Aclara's next steps include completion of a preliminary economic assessment of the Carina Module, scheduled for September 2024, and the continuation of a drilling campaign aimed at converting mineral resources into more reliable grades. The company also plans to install and operate a new pilot plant in Goiás by the second quarter of 2025, with the aim of validating processing parameters and demonstrating the sustainability of the project.

With these advances, Aclara Resources reinforces its commitment to Goiás and to the sustainable mining, preparing to play an even more relevant role in the global supply of rare earths, essential for the green economy of the future.