Serra 

Verde Project

November 2015

Denilson da Fonseca Coutinho
Excellent Infrastructure and Qualified Labour Pool

LOGISTICS MAP
Highly developed infrastructure throughout 
the State of Goias

Excellent access to roads, water, power 
within 40km of site
within 40km of site

Located in an established mining region

Project 25km west of Minacu (population: 
32k) which has an asbestos mine (SAMA)
32k), which has an asbestos mine (SAMA) 
bordering city

Qualified labour available in close proximity
lf dl b l bl l

400km to capital city Brasilia
p y

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In 2013 SV Performed Metallurgical Drilling…
In 2014 Reverse Circulation Drilling (Measured Resource)...

Total Numbers of  Total Numbers of  A
Auger Drilling
D illi Di
Diamond Drilling
d D illi RC D illi
RC Drilling M ll i l D illi
Metallurgical Drilling
Year
Holes Meters No. Holes Meters No. Holes Meters No. Holes Meters No. Holes Meters
2011 261 953 261 953 ‐ ‐ ‐ ‐ ‐ ‐
2012 6.658 30.284 6.590 28.182 68 2.102 ‐ ‐ ‐ ‐
2013 4.171 23.430 3.825 18.344 220 3.731 ‐ ‐ 126 1.355
2014 270 4.063 ‐ ‐ ‐ ‐ 270 4.063 ‐ ‐
TOTAL 11.360 58.730 10.676 47.479 288 5.832 270 4.063 126 1.355

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World Class Resource

ONE OF WORLD’S HIGHEST % OF HIGH VALUE REES(1)

Pre‐Feasibility study finalized with 
mineral reserves of 350Mt HREE + Pr & Nd %
70% 64%
@ 0 15% TREO
@ 0.15% TREO 60%
56% 55%
60% 49%
• 58,000 meters drilled to date 50% 42%
40% 33% 31% 30% 29%
• 911Mt contained rare earths  30%
28% 27%
16%
y p
• > 20 year mine life potential  20%
10%
One of world’s highest percentage 0%

Quest

Western

Lynas
Arafura
Matamec

Greeenland

FFrontier
Alkane
Tasman

Avalon

Rare EElement

Molycorp
Serrra Verde

Ucore
of heavy and critical rare earths 
projects at > 54% TREOs

Great W
M

M
CREE & HREEs account for
~83% of estimated revenue REE VALUE (POTENTIAL
REE CONCENTRATE 
DISTRIBUTION REVENUES)
32.1% La 2.8%
RESOURCES TREO GRADE
MT 4.2% Ce 0.6%
CATEGORY (%) 5.9% Pr 13.3%
19.3% Nd 29.6%
Measured 22 0.21 3.3% Sm 0.0%
0 2%
0.2% Eu 2 8%
2.8%
Indicated 368 0.15 3.2% Gd 0.0%
0.5% Tb 6.7%
3.2% Dy 23.9%
Inferred 521 0.10 0.7% Ho 0.3%
2.0% Er 1.9%
Total Resources 911 0.12 0 3%
0.3% Tm 2 7%
2.7%
1.8% Yb 0.6%
0.3% Lu 7.8%
23.0% Y 7.0%
1.HREEs include Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu and Y; the US DOE defines Nd, Eu, Tb, Dy, Y as ‘critical, while Pr is projected to be in 
short supply. 4
Leach Tests for Heap Design – US Laboratory

Percolation Test: Locked Cycle Test:

Compressed leach test. Concluded 3m heap height:

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Brazil Laboratory 

Heap Leaching Simulation  Heap Leaching Simulation 
Agglomeration:
(small columns): (Large columns):

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In 2014 Serra Verde produced the first Rare Earth Concentrate 

March to April 2014  Production of 2Kg of Rare Earth Concentrate was the main goal.
And Serra Verde produced 4 Kg of Rare Earth Oxalate.

Analyzed by International lab Analyzed by International lab
Elements Method Result in  REO Distribution  Result in  REO Distribution 
Oxide (%) (%) Oxide (%) (%)
LOI Chem 9,33% 0,00%

La2O3 XRF 31,02% 32,01% 32,60% 32,60%

CeO2 XRF 2,91% 3,01% 3,30% 3,30%
Pr6O11 XRF 6,07% 6,26% 6,70% 6,70%
Nd2O3 XRF 22% 23,10% 21,90% 21,90%
Sm2O3
Sm O3 XRF 3,95% 4,08% 3,80% 3,80%
Eu2O3 XRF 0,21% 0,22% 0,20% 0,20%
Gd2O3 XRF 3,60% 3,72% 3,50% 3,50%
Tb4O7 XRF 0,51% 0,53% 0,50% 0,50%
Dy2O3 XRF 3,13% 3,23% 3,00% 3,00%
Ho2O3 XRF 0,62%
, 0,64%
, 0,60%
, 0,60%
,
Er2O3 XRF 1,69% 1,74% 1,60% 1,60%
Tm2O3 XRF 0,22% 0,23% 0,20% 0,20%
Yb2O3 XRF 1,25% 1,29% 1,20% 1,20%
Lu2O3 XRF 0,19% 0,19% 0,20% 0,20%
Y2O3 XRF 19,15%
, 19,76%
, 20,70%
, 20,70%
,
ThO2 XRF 0,000%
U3O8 XRF 0,001%

TREO 96,92% 100,00%

 REO 
LREO 64,38% 64,50%
Distrib tion/
Distribution/ 
TREO MREO 8,01% 7,50%
HREO 27,61% 28,00%
Impurities 3% 0%

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In 2014 Serra Verde Production

May to August  Produced 2684 Kg of TRE Carbonate and 78 Kg of TRE Oxalate. 

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Pilot Line

Pilot Line

Human Resources Training and 
Development
Concentrate Quality
Concentrate Quality 
Optimization

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Laboratory

Laboratory

Human Resources Training 
and Development.
Productivity Increase
Pilot Line Chemical 
Analysis

ICP‐OES 

ICP‐M
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Objectives

GOAL, SCHEDULE, BUDGET

Operate REE solvent extraction pilot plant for only 6 months; Oct14-Mar15

MSV team learn from market leading experts

Confirm that MSV rare earth ore is amenable to separate

Obtain operational parameters and confirm developed process flowsheet

Target
Target Elements / Purities
/ Purities Elements / /
Purities
Medium
Medium Elements
Elements
Concentrate
Concentrate
(SEG)
(SEG)
99%
99%
LaCe LaCe
99% 99%
NdPr NdPr
99% 99%
Nd Nd
99,9% 99,9%
Y Y
99,9% 99,9%
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Work Execution: Pilot Plants Operation

Pilot plant of MSV laboratory Goiânia Pilot plant of CDTN in Belo Horizonte

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Results

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 Obrigado

Contato:

Denilson da Fonseca Coutinho – [email protected]
Telefone: 031‐98437‐8719

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