Mississauga, ON -- (SBWIRE) -- 07/09/2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Quest Rare Minerals Pens LOI to Sell All Zirconia Produced at Strange Lake.”
Companies mentioned in this article include Quest Rare Minerals Ltd. (TSX:QRM) (AMEX:QRM).
Zirconia, also called zirconium oxide, is a white crystalline oxide of zirconium found in natural form. It is primarily used in producing ceramics, but also is used in oxygen sensors and fuel cells in a stabilized form. Different versions, such as alumina zirconia, are driving demand for zirconia because of widespread use in the automobile industry, aerospace applications, grinding metals and more.
The demand plays nicely into growth potential for Quest Rare Minerals Ltd. (TSX:QRM) (AMEX:QRM), a
Toronto-based rare earth mineral explorer with it principal properties in northeastern Quebec. Quest’s Strange Lake property covers 54,000 hectares (133,436 acres) and contains the B-Zone, a new rare earth deposit for which Quest has completed a Preliminary Resource Estimate (PRE) suggesting the large project could contain one of the world’s highest concentrations of rare earth elements. The PRE indicated that a 0.95% total rare earth oxides base-case cut-off grade, contained an Indicated Resource of 36.4 million tonnes grading 1.16% TREO, 2.17% zirconium oxide (ZrO2) as well as other rare earth elements. A further Inferred Resource of 14.4 million tonnes graded 1.11% TREO and 2.02% ZrO2 and additional REEs.
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