Great Western Minerals Group Ltd. announced positive results from a preliminary economic assessment of the company's Steenkampskraal rare earth element project that indicates strong potential for GWMG's integrated business model. The PEA conducted on the Steenkampskraal project confirms internal projections of a high grade and excellent distribution of the critical rare earth elements. The impressive, high-grade nature of Steenkampskraal translates into lower tonnages for processing, which in turn, results in low capital cost requirements relative to other REE projects.

The work undertaken on the project to date and the accelerated metallurgical testing program is intended to enable GWMG to advance the project rapidly. This `early mover' status, combined with GWMG's existing alloy manufacturing capacity, positions GWMG very favourably.