EANS-News: Tantalus Rare Earths AG / Leaching process - Leaching quality - University of Toronto - Resource Update - Listing (with document)

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Company Information/Leaching - UoT - Listing - Resource

Gruenwald (euro adhoc) - Press Release

Munich 18 February 2013: Tantalus Rare Earths AG ("TRE"), the
explorer and developer of a large near surface rare earths project in
north western Madagascar, is pleased to make the following
announcements:

TRE has instructed the University of Toronto ("UOT") to investigate
the leachability of five clay samples from its concession in
Madagascar. Four of the five clay samples confirmed the presence of
ionic clay characteristics and were susceptible to the UOT's ionic
exchange extraction method.

In summary UOT concluded that the major part of the REE content can
be easily and rapidly recovered by simple leaching with either
ammonium sulphate or sodium chloride solutions. Furthermore, the
study established that a two stage leaching process appeared to
improve the overall REE extraction levels by between 10 - 20%.

UOT also concluded that extraction was feasible with simulated sea
water but at a lower extraction level, nevertheless providing an
alternative environmentally friendly solution.

Finally the UOT study yielded results indicating zero leaching
extraction of uranium and thorium from the samples tested.

The report from UOT entitled "Objectives and General Methodology"
will be available on the website as will the latest analysis from
Asian Metal.

TRE has now commissioned UOT to design an on-site laboratory and
pilot plant that will replicate the leaching and extraction process
currently undertaken at the UOT's laboratory in Toronto. TRE intend
to test the UOT process under industrial conditions on site in
Madagascar. It is proposed that UOT will operate the on-site
laboratory and oversee the process in Madagascar.

As required by the Dusseldorf Stock Exchange, TRE has now submitted a
prospectus to the German Federal Financial Supervisory Authority -
BaFin. The Prospectus includes a new Competent Persons Report that
has been prepared by SRK (and a copy of which is available on the
website).

The Management Board has decided to take whatever steps are necessary
to move the Company to the regulated market in Germany. It is
anticipated that this process will be completed by the third quarter
of 2013.

In accordance with Malagasy law, TRE has applied to renew its
exploration licence. The application was submitted on time and the
Ministry of Mines has confirmed receipt. TRE expects to receive the
renewed licence is the next few weeks.

Juergen Schillinger, CEO of TRE said "As the new Competent Person's
Report shows TRE has already obtained an inferred Mineral Resource
Statement (under the JORC code) which has been public in 2012. Since
then an additional 10,555 samples have been assayed holding the
potential that this resource will be increased both in size and
classification. The results from the UOT study are particularly
exciting and suggest a simple ion exchange extraction method can be
used to recover a rare earth solution in the same way as is
undertaken for the ionic clay deposits in Southern China. Meanwhile
TRE has continued to deal with regulatory issues both in Germany and
Madagascar."

Tantalus Rare Earths AG

The Executive Board

Attachments with Announcement:
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http://resources.euroadhoc.com/us/SIcQEZxl

Further inquiry note:
Additional Information:

Juergen Schillinger, Chief Executive Officier
Tel: +49 (0) 89 693 960 66
Email: schillinger@tre-ag.com
www.tre-ag.com

David Rigoll, Director
Tel: +44 7500 068555
Email: rigoll@tre-ag.com

Paul Weigh
Blythe Weigh Communications
Tel: +44 (0) 20 71383204
oder +44 (0) 7989 129658

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/SIcQEZxl

company: Tantalus Rare Earths AG
Nördliche Münchner Str. 16
D-82031 Grünwald
phone: +49 (0)89 693 960 66
FAX: +49 (0)89 693 960 68
mail: contact@tre-ag.com
WWW: www.tre-ag.com
sector: Holding companies
ISIN: DE000A1MMFF4
indexes:
stockmarkets: free trade: Düsseldorf
language: English