Tasman Metals Begins Prefeasibility Study at Norra Karr

Tasman Metals Ltd. (TSXV:TSM,NYSEMKT:TAS) announced that it has started a prefeasibility study for its Sweden-based Norra Karr heavy rare earths project.

The company completed a preliminary economic assessment for the project in March 2012 and revised it in July 2013.

As quoted in the press release:

The PFS will be led and coordinated by GBM Minerals Engineering Consultants (‘GBM’) based in Twickenham, UK. GBM is a specialist metallurgy and engineering consulting group, who provide service from testing and design through to EPCM. Other members of the PFS team include Wardell Armstrong International (‘WAI’) for geology, mineral resources, mining and tailings management, Golders Associates AB (‘Golders’) for social impact, environment, permitting and water management, and Denco Strategic Research & Consulting Inc. for markets and pricing. All consultants have had previous involvement with the project, most notably GBM who have managed the metallurgical testing program and flowsheet design for Norra Karr, and Golders who were responsible for Tasman’s successful Mine Lease (‘ML’) application and associated environmental and social impact assessments.

Mark Saxon, president and CEO of Tasman, commented:

The commencement of the PFS is the next important milestone in the development of the Norra Karr project, bringing together a large amount of new technical data. We are very pleased to have assembled such a competent technical team. Norra Karr is a very significant heavy REE project with the potential to underpin Europe’s REE needs for many decades to come, and the Tasman team is excited to be taking the project to this next stage. Following our recent financing, Tasman is well positioned to execute on its goals. We are targeting Q4 2014 for completion of the PFS.

Click here to read the full Tasman Metals Ltd. (TSXV:TSM,NYSEMKT:TAS) press release.