Crossland confirms development in name change

摘要

Crossland Uranium Mines' new strategic focus is reflected directly in its recent name change to Crossland Strategic Metals on the back of positive scoping results at its Charley Creek uranium and rare earth element project in the Northern Territory suggesting a long life and low capital cost REE operation. Charley Creek (55%) is part of a joint venture with TSX-listed Pancontinental Uranium Corporation (45%) and has an indicated resource of 387 million tonnes at 300 parts per million total rare earth oxides which was used to calculate the viability of developing an alluvial sand mining operation with a 20-year life for an average annual production of 3,645 tonnes equivalent TREO from a 10,000 tpa concentrate at 40% REO, for revenue of $154 million per year.