Positive PEA For Carina Project

Positive PEA For Carina Project

TORONTO – Aclara Resources Inc. reported on its regolith-hosted ion adsorption clay project located in the State of Goiás, Brazil, known as the Carina Module.  The technical report titled “Preliminary Economic Assessment – Carina Rare Earth Element Project – Nova Roma, Goiás, Brazil” was prepared in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects (NI 43-101) by G21 Consultoria Mineral (GE21), a specialized, independent mineral consulting company located in Belo Horizonte, Brazil. The Report supports the disclosure made by Aclara announcing the maiden mineral resources estimate (MRE) for the Project. There are no material differences in the mineral resources or results of the preliminary economic assessment as described in the Report

CEO, Ramon Barua, said, “We extend our gratitude to our dedicated team for the swift progress achieved in bringing the Carina Project to this pivotal stage. As a company committed to making a lasting impact in the rare earths market, our strategic focus on sustainability and responsible production aligns with the success seen in the Project PEA. The positive results of the Carina Module PEA showcase a robust economic profile with an after-tax NPV of US$1.2 billion and an IRR of 29%, setting a strong foundation for the module’s future development.

We recognize the importance of minimizing environmental impact. The Project design emphasizes eco-friendly practices, avoiding explosives and milling, maximizing water recirculation, and employing a common fertilizer as the main reagent. With a process designed to minimize its CO2 footprint, we are dedicated to ensuring that our operations align with sustainable practices and global environmental standards.

As we embark on an ambitious drilling campaign and identify metallurgical optimizations, our sights are set on maximizing the upside potential of the Project. Permitting, a key aspect to be addressed in our expedited path to production, is expected to be well supported by our patented flowsheet, our focus on social development and maintaining a close relationship with the forward-looking State of Goiás. With commissioning estimated by 2029, we are confident that the Project will play a pivotal role in meeting the growing demand for high-quality rare earths, further solidifying our position as a key supplier of these critical elements.”