Name of the Project
Carina Module.

Location
Nova, Roma, state of Goiás, Brazil.

Project Owner/s
Aclara Resources Inc.

Project Description
Total life-of-mine (LoM) production is estimated at 99 931 t.

The updated preliminary economic assessment (PEA), released in September 2024, envisages average production of 191 t/y of dysprosium and terbium over the 22-year LoM, representing about 13% of China’s 2023 official production. 

Total dysprosium production is estimated 3 420 t and total terbium production at 587 t. Average production of 1 350 t/y of neodymium/praseodymium (NdPr) will contribute to a balanced mix of light and heavy rare-earth elements in the final product.

Total production is estimated at 28 514 t of NdPr. The project is based on standard openpit extraction techniques using conventional hydraulic excavators and 44 t payload haulage trucks to extract and deliver the clays to the process plant. The process plant will have an average production rate of 4 736 t/y of rare-earth oxides within the concentrates.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of about $1.5-billion and an internal rate of return of 27%. The project has a payback period of 4.2 years.

Capital Expenditure
$593-million.

Planned Start/End Date
Commissioning of the project is targeted for 2029; however, the company is evaluating the possibility of expediting the production schedule to start between 2027 and 2028.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
No details available.

Contact Details for Project Information
Aclara Resources Inc, email investorrelations@aclara-re.com.