Pacific Wildcat Resources is a Canadian mining firm that has been exploring a potential rare earths project in Kenya called Mrima Hill, located near Mombasa. The company has released a statement saying that it has established a large deposit of niobium and rare earth minerals in the region.
Darren Townsend, the President of Pacific Wildcat Resources said as could be seen from the cross sections they had now shown the high grade niobium mineralisation extended at depths substantially deeper than the initial inferred niobium resource which was limited to a depth of 30 metres.
He added that the company had started another round of drilling aimed exploring the full potential of rare earth and niobium reserves. The company statement said that this drilling had the objective of both extending the current inferred niobium resource and to provide a maiden rare earth resource in the third quarter of 2012.
The large deposit of niobium will go a long way in assisting the economic viability of developing the project further. It is mixed with steel to make a strong alloy which is utilized in the manufacturing of pipes for water and sewage systems. The alloy is also used in components for motorized vehicles. Niobium itself is required in the production of optical lens. Its versatility lead to it being a commercially viable mineral to mine.