Where is Medallion Resources located?

Where is Medallion Resources located?

Medallion Resources Ltd. is a Canada-based company, which is focused on rare earth element (REE) business strategy involving the efficient extraction of REE from the mineral monazite, which is a rare-earth phosphate mineral that is available as a by-product from mineral sand mining operations.

Where is monazite mined in the world?

It is often found in placer deposits. India, Madagascar, and South Africa have large deposits of monazite sands. The deposits in India are particularly rich in monazite. Monazite is radioactive due to the presence of thorium and, less commonly, uranium.

Which state has highest deposit of monazite sand?

Kerala is a state in south India on the Malabar Coast and is the twenty-fifth largest state having an area of 38,863 sq. km. The soil in Kerala is acidic, having high phosphate capacity and low water holding capacity, and has the largest reserves of monazite in India.

Where do you find monazite sand?

Its most common source is the rare earth mineral monazite. Monazite sand is found in large amounts in India and Brazil, and Australia has large deposits as well.

Is Medallion Resources a good investment?

If you are looking for stocks with good return, Medallion Resources Ltd. can be a profitable investment option. Medallion Resources Ltd. quote is equal to 0.0750 USD at 2022-01-29.

What does monazite look like?

Monazite is a yellowish brown to reddish brown or greenish brown mineral with a resinous to vitreous luster. It is translucent and rarely seen in large grains or as well-formed crystals. Granular masses are sometimes seen where monazite is locally abundant. It breaks with good to distinct cleavage.

Which element is rich in the monazite sands of Kerala?

Monazite sands comprise of phosphate minerals of elements such as cerium which occur as small brown crystals in the Kerala sands (these monazite sands are mined for both cerium and radioactive thorium oxide).

What is monazite sand of Kerala?

: a yellow to red or brown mineral that is a phosphate of thorium and various rare earth elements and occurs especially in sand and gravel deposits.

What is monazite sand used for?

Monazite Uses Monazite is an important source of thorium, cerium, and other rare elements. It is often mined as a byproduct of heavy mineral deposits. Monazite sand is used in construction and casting.

What type of rock is monazite found in?

Monazite is formed when igneous rocks undergo crystallization and when clastic sedimentary rocks undergo metamorphism. It is commonly mined in placer deposits, which are masses of loose sediment mainly consisting of sand. Minerals that are often found with or near monazite are gold, platinum, magnetite, and zircon.

What are the byproducts of monazite mining?

In the mining of fluviatile monazite placers in the Piedmont province, ilmenite, rutile, and zircon should constitute saleable byproducts. Garnet, kyanite, sillimanite, staurolite, and other semi- heavy minerals might also be of interest if they could be economically separated from one another.

Where does monazite come from?

In order to establish a source of monazite, the company is targeting the tailings piles from existing producers of heavy minerals which can theoretically be shipped from anywhere in the world. The lion’s share of the world’s mineral sands production comes from the Indian Ocean Basin.

How much sand does it take to mine monazite?

But calculations show that the miner has likely mined at least three times the amount of raw sand that he claims. “A total quantity of over 4.6 cr tonnes of raw sand is required to produce 23,608 MTs of Monazite,” says the amicus curiae’s report.

Is Monazite mining illegal in Tamil Nadu?

Approximately 37,000 metric tonnes of monazite, an atomic mineral found in the state’s coastal sands, is sitting in godowns belonging to a clutch of miners in Tamil Nadu. It appears to have been mined illegally, and over 777 metric tonnes appears ready for export – which is against the law.