Chile-based rare earth explorer Aclara Resources has significantly bolstered its mineral resources at its Carina project in Brazil, reporting a 77% increase. The updated inferred mineral resource now stands at 298 million metric tonnes, a substantial rise from the 168 million tonnes estimated in December, the company announced today.
Aclara also reported a notable 69% increase in the contained amounts of magnetic elements, with significant growth in heavy rare earths such as dysprosium and terbium (DyTb), as well as light rare earths neodymium and praseodymium (NdPr).
Located in Brazil’s central Goias state, the Carina module is poised for further development, with plans to establish a semi-industrial pilot plant by the second quarter of next year. According to the US Geological Survey (USGS), Brazil is home to some of the world’s largest rare earth reserves.
Aclara Resources specializes in heavy rare earth mineral resources found in Ion-Adsorption clay deposits. The company’s development projects include the Penco module in Chile’s Bio-Bio region and the Carina module in Brazil.
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