Chatham Rock Phosphate Creates Rare Earth Elements Subsidiary for… Phosphate Deposit
on September 15, 2018
It has been a matter of speculation for many years that the seabed of the Chatham Rise, off the coast of New Zealand, may represent an untapped source of Rare Earth Elements (REE). This intriguing concept was based on historic sediment samples from the area indicating significant content for this group of elements.
Independent research by the United States Geological Survey has now confirmed that REE occur across a wide section of the seafloor holdings comprising the Chatham Rock projectarea and conceptual estimates for deposit size have been presented.