Southern Cross Resources make Mozambique rare earth discovery

Macauhub reports Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique, some 110 kilometres from the port of Beira, had reserves of rare earth elements of 1.1 million tons.

In a statement filed with the Australian Stock Exchange, the Hawthorn-based company also said one of the benefits of this concession was the balance of both light and heavy rare earth elements containing neodymium, europium, ytterbium, dysprosium and yttrium.

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