Eureka Development
Latest Development update from Eureka
E-Tech Resources enters into MOU to evaluate deployment of Novamera’s Surgical Mining Technologies at Eureka Project
E-Tech Resources (“E-Tech” or the “Company”) (TSX-V:REE | FSE: K2i), a rare earth element development company which owns 100% of the Eureka Project in Namibia (the “Project”), is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Novamera Inc. (“Novamera”) to evaluate the use of surgical mining and Novamera’s technologies as the extraction method for the Project. The MOU sets out a series of milestones that include a conceptual surgical mining economic desktop evaluation, comparative analysis to a conventional open pit, Guidance Tool calibration activities and a bulk sample. The parties expect to complete these activities within the next twelve months.
Qualified Person
The technical and scientific information has been reviewed and approved by Keith Webb. A Consulting Geologist who holds a BSc Honours in Applied Geology from the University of Strathclyde, Scotland. He has been involved in mining and exploration geology for the past 37 years and has extensive experience within West, East and Southern Africa, covering a range of commodities including Gold, Copper, Nickel, Uranium and Diamonds. Mr Webb is a member of the Australian Institute of Geoscientists (AIG) (membership number 3688) and qualifies as a Qualified Person for the purposes of National Instrument 43-101.
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