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Mont Royal PEA Shows 30-Year Ashram Mine Life, Fluorspar Edge
Mont Royal Resources' updated PEA for the Ashram project outlines a 30-year mine life and dual rare earth-fluorspar revenue stream, with management now based in Montreal to advance permitting and offtake talks.
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Mont Royal Resources released an updated preliminary economic assessment for its Ashram rare earth and fluorspar project in northern Quebec, outlining a 30-year mine life and positioning the deposit as one of the largest rare earths development assets globally.
The study is the first major update since Ashram came to the ASX late last year through a merger with Commerce Resources. Managing Director Nicholas Holthouse, who relocated to Montreal earlier this year to oversee the project, said the assessment confirms the asset's scale and its potential role in North American critical minerals supply chains.
Ashram hosts both rare earth oxides and fluorspar, a mineral used in steelmaking and chemical manufacturing. That dual-revenue structure gives it a different risk profile compared with pure-play rare earth developers that depend on a single commodity price. Fluorspar markets are less exposed to the geopolitical volatility that has historically hit rare earth prices.