Eldor Rare Earth Project is located in Northern Quebec, Canada directly adjoins the west boundary of Commerce Resources Ashram Project which currently has a Preliminary Economic Assessment (PEA)with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%. The rare earth elements at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths. The deposit has combination of Light ,Middle and Heavy Rare Earth Oxide (MHREO).
Sourcinglinknet.com intends to commence an initial work program in order to identity initial exploration drill targets. To date there have been significant indicators