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![CuFe Ltd](https://investingnews.com/media-library/cufe-ltd.png?id=34164957&width=1200&height=800)
High Grade Iron Rock Chip Results at Robinson Range – Bryah Basin
CuFe Ltd (ASX: CUF) (CuFe or the Company) is pleased to provide an update on its exploration activities within E52/1613, part of the Bryah Basin Project portfolio.
HIGHLIGHTS
- High grade iron enrichment identified on CuFe Bryah Basin Tenement E52/1613.
- Early-stage reconnaissance field work yields rock chip assays up to 60.63% Fe with low impurities.
- Corridor of surface supergene enrichment of Banded Iron Formation identified that has the potential to extend for 1.2km strike length.
- Full field mapping and rock chip program planned later this quarter.
Although this is not the highest priority within our portfolio (where the focus is on exploration targets for future facing minerals including copper at Tennant Creek, lithium at North Dam and niobium in the West Arunta), we will follow up with more mapping and sampling along strike to further test the potential and to identify drill targets. The project logistics are favourable and offer potential for the style of low Capex DSO project we have experience in developing and executing.”
Tenement Overview
The CuFe Bryah Basin Project includes a package of tenements under various joint ventures and farm-ins, with a primary focus on the potential for gold and copper mineralisation. During a strategic review of the tenure CuFe identified that tenement E52/1613 has the potential for iron ore hosted within the Banded Iron Formation of the Robinson Range. E52/1613 is 100% owned by CuFe’s subsidiary Jackson Minerals following the withdrawal of the tenement from the Auris Minerals Ltd JV in the March 24 quarter.
The tenement covers an area of 34km² and is located approximately 95km north of the township of Meekatharra and 630km east of the Port of Geraldton, in the Midwest / Murchison Region of Western Australia (Figure 1). The Great Northern Highway passes 10km to the south, and the Ashburton Downs- Meekatharra Road passes 15km to the west of the tenement. Several roads and pastoral station tracks extend from these major transport routes and provide excellent access to the project area.
Figure 1: E52/1613 Location – Bryah Basin.
Local Geology and Iron Mineralisation
The project area and more extensively the Robinson Range Formation lies within Bryah-Padbury Basin which is part of the Proterozoic Capricorn Orogenic Belt lying between the Pilbara and Yilgarn Archaean Cratons. The Robinson Range Formation occurs toward the upper part of the Palaeoproterozoic Padbury Group. It contains Banded Iron Formations (BIF) and hematitic shales outcropping within the Robinson Range syncline with its axis trending east-west over an approximate strike length of 30km. The BIF thicknesses are variable along strike and range from less than 50m and up to 400-500m as reported1. The BIF’s are well represented by regional and local scale airborne magnetic images. Supergene enrichment along the BIF outcrop, producing hematite and goethite, ranges in Fe content from as low as 50% to 65% Fe (See Figure 2).
Sinosteel Midwest Group have reported three resources Raven, Raven North and Sparrow with a combined total of 9.3Mt at 56% Fe and 0.07% P. Within this the Raven North deposit is reported at 3.6Mt @ 59.03% Fe and 0.09% P. Recent success by Alchemy Resources (ASX:ALY) on 31st May 2024 reported high grade Fe rock chips from the Valley Bore prospect located 21km to the east along the range from E52/1613.
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This article includes content from CUFE LTD, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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CuFe Limited
Overview
CuFe Limited (ASX:CUF) is a multi-commodity exploration and development company with interest in eight projects situated throughout mature mining jurisdictions in Western Australia and the Northern Territory. The company's value proposition is predicated on its high-grade premium product iron ore projects as well as its exposure to copper, lithium and niobium. Its exploration portfolio includes mature copper targets at Tennant Creek, drill-ready lithium targets at North Dam, and greenfield exploration ground in close proximity to WA1's recent niobium discovery.
Tennant Creek hosts a mineral resource estimate of 7.3 million tons (Mt) at 1.7 percent copper and 0.6 grams per ton (g/t) gold for 127 kt copper and 145 koz gold. CuFe currently owns a 55 percent interest over 240 kilometres of the highly-prospective tenure, situated in the Northern Territory. CuFe's near-term plan for the mine, based on detailed mine planning, involves a staged cutback of the Orlando open pit to gain access to an ore supply for fast start options.
The JWD iron ore operation is an ultra-flexible high-grade, low-impurity iron ore operation optimised for efficiency, the mine benefits from a low capex, with the capacity to export 60 kt of lump and 15 kt of fines per month at current production rate. CuFe owns 100 percent interest in this operation.
In addition to taking advantage of the growing market for strategic metals, CuFe also has exposure to a near-term iron ore price upside thanks to the high-grade JWD iron ore mine. It plans to leverage the mine to take advantage of elevated iron ore price cycles with the ability to cost-effectively suspend production as the market dictates. CuFe is also evaluating the Yarram project, as its close proximity to Darwin port gives it the potential for low opex.
Lastly, CuFe has a low-risk 2 percent NSR gold royalty over the Northern Star Crossroads project, where mining is expected to commence in 2024.
CuFe is led by a highly experienced management team adept at identifying opportunities, making discoveries, evaluating and developing projects and maintaining operations. The team is led by executive director Mark Hancock, who has 25 years experience in resource projects across a variety of commodities in senior finance, commercial and marketing roles.
Company Highlights
- CuFe Limited is an ASX-listed iron, copper, lithium and niobium exploration and development company with a multi-commodity portfolio of assets.
- The company's assets are situated in mature mining regions in Western Australia and the Northern Territory, with access to extensive pre-existing infrastructure.
- CuFe's projects are highly prospective in copper (Tennant Creek, Bryah Basin), lithium (North Dam, Tambourah) and niobium (West Arunta).
- CuFe has 100 percent interest in the iron ore mining rights at the operating Wiluna West JWD mine, known to contain high-grade iron ore product.
- Additionally, the company has a 50 percent interest in the Yarram project, an advanced iron ore development project with potential for low-cost production.
- CuFe also has a 2 percent net smelter royalty over the Crossroads gold project in Kalgoorlie.
- The company is led by a proven and experienced in-house team with expertise in identification, discovery, evaluation, deployment and operations.
Key Projects
Copper
Tennant Creek
The Tennant Creek project is located in the highly prospective Gecko-Goanna copper-gold corridor of the Northern Territory. A mature project comprising three high-grade copper and gold mineral resources, it contains a combined JORC 2012 mineral resource of 7.3 at 1.7 percent copper and 0.6 g/t gold for 127 kt copper and 145 koz gold. Highly-prospective for further resource growth from resource extensions and new discoveries, Tennant Creek is also located in close proximity to grid power, a gas pipeline, the Stuart highway and the rail line to Darwin.
The area where Tennant Creek is hosted is a re-emerging mineral field with recent neighbouring exploration success from companies such as Emmerson Resources (ASX:ERM) and Tennant Minerals (ASX:TMS). Near-mine targets include the potential to extend resources and open enrichment within the Orlando and Gecko structural corridors.
The current focus for Tennant Creek is to identify and drill high-potential exploration targets with a view to growing the resource base while considering a staged cutback of the existing Orlando open pit to gain access to an ore supply for a fast start option.
Bryah Basin JV projects
Through wholly owned subsidiary Jackson Minerals, CuFe has a 20 percent interest in roughly 804 square kilometres of highly-prospective tenements proximal to the former Sandfire Resources' (ASX:SFR) Doolgunna project and Degrussa copper gold mine, as well as several other prominent gold and copper prospects. Collectively known as the Bryah Basin JV projects, the tenements are currently subject to joint ventures and farm-ins with several companies. The most prominent of these is the Morck Well project, which is under an exploration licence with Auris Minerals (ASX:AUR) alongside the Forrest project.
The Morck Well project tenements cover an area of 600 square kilometres in the highly-prospective region, which has been recognized to have high iron ore potential.
Lithium
North Dam
The North Dam project is a highly prospective lithium tenure situated in the emerging Yilgarn Lithium Belt. Located roughly 50 kilometres south-southeast of the township of Coolgardie, the project is contained within the same lithium belt that contains known spodumene deposits such as Mt Marion, Pioneer Dome, Bald Hill, Manna and Buldania. There have also been several well-known junior exploration successes immediately adjacent to the tenement, including Kali Metals (ASX:KM1), Marquee Resources (ASX:MQR) and Maximum Resources.
To date, work on the project has included defining prospective pegmatites through rock chip sampling, soil sampling and geological mapping. Anomalous lithium and key pathfinder elements have also defined a prospective corridor of roughly 3.5 kilometres in strike length. Columbite and tantalite rock chips selected from a stream bed also contain up to 44 percent niobium and 14.53 percent tantalum.
CuFe has also completed a recent heritage survey and, pending results and conditions, plans to commence a maiden drill program.
Tambourah
The 100 percent owned Tambourah Tenure is a prospective lithium tenure with known gold occurrences. Located roughly 90 kilometres south of the Pilgangoora and Wodgina lithium complexes, and 175 kilometres south of Port Hedland, the project was historically explored for gold and contains known gold occurrences within alluvial material and reef systems. Current work on the project to date has involved geological mapping and rock chip sampling.
Niobium
West Arunta
The fully owned West Arunta consists of three tenements located in the highly-prospective region of the same name. The tenure is known to be prospective for carbonatite-hosted niobium and rare earth element mineralization. Spanning roughly 220 square kilometres, it surrounds Lycaon Resources' (ASX:LYN) Stansmore project and is located 70 kilometres north of several prominent recent discoveries.
CuFe has not yet finalised native title arrangements to commence work in the ground so in the meantime it engaged Southern Geoscience Consulting to undertake a geophysical review of publicly available airborne magnetic data for the tenements including re-processing of said data and 3D unconstrained inversion modeling. Analysis of the total magnetic imagery revealed three anomalous areas across the package, resulting in nine target anomalies for further investigation and exploration.
Iron
JWD iron ore mine
The JWD iron ore operation is an optimised and flexible high-grade, low impurity iron ore operation over the Wiluna West JWD deposit. CuFe has 100 percent interest in the iron ore mining rights agreement for the project, which was started for less than $5 million and produces a high-grade, low-impurity lump iron ore for direct shipping.
At its current production rate, the mine has capacity for 60 kt of lump and 15 kt of fines per month. Mining and crushing is conducted by contractors, with the finished product trucked 800 kilometres to the Geraldton port for export in vessels of circa 6Ma0 kt. The mine also benefits from flexible operating contracts and price hedging, allowing CuFe to more readily react to iron ore price volatility.
Although no JORC reserve has been reported, a JORC resource dated June 30, 2023 reveals an estimate of 9.6 Mt at 63.7 percent iron using a 55 percent iron cut-off.
Yarram
The Yarram iron ore project is a mature development opportunity with the potential for low-cost production. CuFe currently holds a 50 percent interest in the project, which includes operatorship. Partially located on an existing mining lease on freehold land, Yarram has a high-grade DSO resource of 5.6 MT at +60 percent iron as well as a low-grade component of 7.1 Mt with the potential for beneficiation.
Situated 110 kilometres from Darwin Port and adjacent to underutilised mining infrastructure, Yarram also features favourable ore body geometry, with existing infrastructure and services contributing to its low capex and opex.
An initial diamond drilling program provided HG core from two deposits within the project. Physical and thermal metallurgical testing confirms the generation of a lump product with roughly 41 percent yield, elevated gangue levels in the very fine fractions and acceptable thermal and materials handling properties, making it suitable as a blast furnace lump burden feed.
CuFe has also undertaken geotechnical testwork on the diamond drill core to provide parameters for pit optimizations and designs. Final pit shells and a high-level mine schedule have been developed for use in regulatory approvals.
Gold Royalty
Crossroad gold project
Through fully owned subsidiary Jackson Minerals, CuFe holds a 2 percent net smelter royalty over M24/462, which contains Northern Star's (ASX:NST) Crossroads gold project. This project is the subject of a recently approved mining proposal envisaging the mining of 2.67 Mt of gold-bearing ore. The project is expected to commence sometime in 2024 and run for a 36-month period, with the majority of ore mined in the second and third years after pre-stripping.
This project represents a potential near-term revenue source for CuFe with no associated costs.
Management Team
Tony Sage — Executive Chairman (BCom, FCPA, CA, FTIA )
Tony Sage is an entrepreneur with over 36 years of experience in corporate advisory services, funds management and capital raising, predominantly within the resource sector. He is based in Western Australia and has continued to be involved in managing and financing listed mining and exploration companies with a diverse commodity base.
Sage has developed global operational experience within Europe, North and South America, Africa, Oceania, Asia and the Middle East. He is currently executive chairman of ASX-listed Cyclone Metals Limited (ASX:CLE) and European Lithium (ASX:EUR).
Mark Hancock — Executive Director
Mark Hancock has over 30 years’ experience in key financial, commercial and marketing roles across a variety of industries with a strong focus on natural resources. During his 13 years at Atlas Iron Ltd, Hancock served in numerous roles including CCO, CFO, Executive Director and Company Secretary. He has also served as a director on a number of ASX listed entities and is currently a director of Centaurus Metals Ltd and Strandline Resources Ltd.
Hancock holds a Bachelor of Business (B.Bus) degree, is a Chartered Accountant (CA) and is a Fellow of the Financial Services Institute of Australia (F FIN).
Nicholas Sage — Non-executive Director
Nicholas Sage is an experienced marketing and communications professional with in excess of 25 years in various management and consulting roles. Sage is based in Western Australia and currently consults to various companies and has held various management roles within Tourism Western Australia. He also runs his own management consulting business.
Scott Meacock — Non-executive Director
Scott Meacock has a wealth of experience as external counsel acting in, and advising on, complex corporate and commercial law transactions and disputes for clients in a wide range of industry sectors including natural resources and financial services.
Meacock currently serves as the Chief Executive Officer and General Counsel of the Gold Valley Group. He holds a Bachelor of Laws (LLB) degree and a Bachelor of Commerce (BComm) degree from the University of Western Australia.
Matthew Ramsden – GM Development
Matthew Ramsden is an experienced geologist and project developer commencing his career in Tasmania before stints in the Pilbara with Rio Tinto and Atlas Iron, where he played a key role in the development and ramp-up of six iron ore mines.
He joined CuFe in 2021 to commence the JWD operations and now has oversight over the company’s exploration and development projects.
Ramsden is a member of the Australasian Institute of Geoscientists.
Siobhán Sweeney — Geology Manager
Siobhán Sweeney brings over 13 years’ geology experience to the CuFe team, from greenfield’s exploration to resource development with a strong focus on target generation and development of iron ore projects. During her 8 years at Atlas Iron Ltd, Sweeney was instrumental in developing critical iron ore projects in the Pilbara such as Miralga Creek and Corunna Downs. Her background in managing complex and challenging exploration programs has been key to delivering successful projects.
Since joining Cufe in July 2021, Sweeney has been tasked with developing and implementing mine geology processes during the start-up phase of the JWD mine. Most recently she has delivered a successful exploration drill campaign to further define the Yarram iron ore deposit.
Sweeney is a member of the Australian Institute of Geoscientists and holds a Bachelor of Science degree (hons) in geology from the National University of Ireland Galway.
Investor Presentation - Proposed Earn-in to NeoRe SpA
Overview of the La Marigen Ionic Rare Earth Project Located in the coastal belt of central Chile
Pearl Gull Iron Limited (ASX: PLG) (Pearl Gull, PLG or the Company) is pleased to present its investor presentation.
Highlights of the Opportunity
80% interest in NeoRe
- Pearl Gull to earn up to an 80% interest in privately held Chilean-based company NeoRe SpA (NeoRe).
La Marigen Project
- NeoRe holds the La Marigen ionic REE clay Project that is highly prospective for ionic adsorption REE clays along the coastal belt of Chile. The NeoRe team holds over a decade in the successful evaluation, definition and development of ionic adsorption clay deposits, strong in-country technical and stakeholder relationships.
License area
- NeoRe holds 5 license areas prospective for REE comprising of 74 exploration applications and 4 granted exploration concessions over an area of approximately 22,800 hectares, located to the north of Aclara Resources advanced ionic adsorption REE Penco Project.
Under explored coastal belt
- Geological similarities to southern China ionic rare earth province along the under explored coastal belt of Chile. The project area overlaps forestry industry with easy access and proximity to major industrial port city and infrastructure.
Experience
- Experienced mineral industry executive, Dr John Mair, to join the Board of the Company and oversee its REE strategy.
DISCLAIMER
The purpose of this presentation is to provide general information about Pearl Gull Iron Limited (Pearl Gull or the Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not necessarily contain all information which may be material to the making of a decision in relation to the Company. Any investor should make their own independent assessment and determination as to the Company’s prospects prior to making any investment decision and should not rely on the information In this presentation for that purpose. This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future. This presentation contains certain statements which may constitute “forward‐looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward‐looking statements. The Company does not purport to give financial or investment advice. This presentation is presented for informational purposes only. It is not intended to be, and is not, a prospectus, product disclosure statement, offering memorandum or private placement memorandum for the purpose of Chapter 6D of the Corporations Act 2001. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information. This presentation has been approved by the Board of Pearl Gull Iron Limited and is current as at July 2024.
COMPETENT PERSONS STATEMENT
The information contained in this announcement that relates to exploration results and geology is based on, and fairly reflects, information compiled by Dr John Mair, who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Mair is shareholder of Huemul Holdings Pty Ltd and will join the Board of Pearl Gull following completion of the Acquisition (as announced on 14 June 2024) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Mair consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. Mr Mair holds securities in the Company. The information in this presentation that relates to historical exploration results were first reported by the Company in accordance with listing rule 5.7 on 14 June 2024. The Company confirms it is not aware of any new information or data that materially affects the information included in the original announcement.
Click here for the full ASX Release
Pearl Gull to Farm-in to Potential Ionic Clay Rare Earth Project
Pearl Gull is pleased to advise that it has entered into a binding term sheet to acquire 100% of the fully paid ordinary shares in Huemul which in turn has signed an agreement and is negotiating a further agreement for it to have a right to earn up to 80% of the equity in a privately held Chilean-company, NeoRe SpA (NeoRe).
Highlights:
- Pearl Gull Iron Limited (ASX: PLG) (Pearl Gull, PLG or the Company) has entered into a binding agreement to acquire Huemul Holdings Pty Ltd (ACN 665 254 491) (Huemul) (the Acquisition). Huemul has signed an agreement and is negotiating a further agreement to have the right to earn up to an 80% interest in NeoRe SpA.
- NeoRe SpA is a Chilean company that holds tenements and tenement applications in Chile that are highly prospective for Ionic Adsorption Clay (IAC) Rare Earth Elements (REEs) – the La Marigen Project
- The La Marigen Project consists of 5 tenement/tenement application areas covering a combined area of ~22,800ha along the coastal belt of Chile, an emerging IAC REE province
- The coastal belt of Chile is underexplored; however, the belt has numerous analogies with respect to the geology and weathering profile of the prolific southern China ionic rare earth province that spans from Yunnan in the southwest to Zhejiang in the southeast
- Following the acquisition of Huemul, the Company proposes an exploration programme at the La Marigen Project, drawing on leading geochemical and geophysical methodologies to identify priority drill targets
- The region is known to host mineralised clay horizons that are highly enriched in REE elements such as (Nd+Pr & Dy+Tb) as demonstrated at the nearby advanced IAC REE project, Penco, owned by TSX-listed Aclara Resources Inc (TSX: ARA) (Aclara)
- Importantly, the style of REE enrichment in this coastal belt frequently results in a mineral assemblage skewed towards heavy rare earth elements (HREE)
- NeoRe SpA's in-country team has extensive knowledge and experience operating in the region and was instrumental in the development of the target generation of rare earth resources, that led to resources that underpin Aclara’s Penco Project
- The Company will also assess further complementary mineral exploration opportunities in the region to assess value accretive opportunities in this IAC REE district
- Experienced minerals industry Executive, Dr John Mair, to join the Board and oversee the Company’s REE strategy. Dr Mair has over a decade of experience in the rare earth sector through his integral role in resource development, and metallurgical and feasibility studies of the Kvanefjeld project in Greenland
NeoRe holds 4 granted tenements and is the applicant pursuant to tenement applications that are considered to be highly prospective for IAC REEs, collectively covering a surface area of ~22,800ha and which comprise the La Marigen Project. Further details are provided in the Tenement Schedule in Appendix 5.
In parallel with the Acquisition, experienced Rare Earth industry executive Dr John Mair will join the Board of Pearl Gull and will provide guidance and oversight to the exploration activities in relation to the La Marigen Project.
The NeoRe in-country exploration team is highly credentialed and has extensive knowledge and experience operating in the region. They have a robust track record of delineating and developing REE resources and following this transaction will be well positioned to progress the La Marigen Project.
The Acquisition and proposed farm-in to the La Marigen Project would further strengthen the asset portfolio of Pearl Gull with the Company seeking to leverage its network in the resources industry to provide new opportunities for its shareholders while still seeking to realise value from the Cockatoo Island Project, located on Cockatoo Island, situated off the Northwest coast of Western Australia.
Chairman Russell Clark commented:
“The farm-in to the La Marigen Project provides the Company with an opportunity to potentially acquire an interest in an emerging ionic adsorption clay rare earth elements region, known to host high grades. Importantly the project area is located in close proximity to Concepción, which is a major industrial city on the coast of Chile.
The limited surface sampling programme within the project area returned results commensurate with reported occurrences of IAC REE deposits in the region. Additionally, our partners at NeoRe conducted (un-certified) bulk sample testing (200kg sample) at the University of Concepción, which returned preliminary results suggesting that the project areas are reasonably likely to host disorbable IAC REE.
This demonstrates the potential that the region is prospective to host IAC REE and provides the Company with an exciting opportunity within an emerging region."
Click here for the full ASX Release
Summit Minerals Investor Webinar
Summit Minerals Limited (ASX: SUM) (“Summit” or the “Company”) is pleased to invite shareholders and investors to a webinar on Tuesday, 16 July 2024 at 11:00am AEST / 9:00am AWST, where Summit’s Managing Director, Gower He and Chief Geologist, Stuart Peterson will provide a Company update.
Details of the event are as follows:
Event: SUM Investor Webinar
Presenters: Managing Director, Gower He and Chief Geologist, Stuart Peterson
Time: Tuesday, 16 July 2024 at 11:00am AEST / 9:00am AWST
Where: Zoom Webinar, details to be provided upon registration. To register your interest for the webinar, please click through to the link below.
Registration link:
https://janemorganmanagement-au.zoom.us/webinar/register/WN_4pAIB5lSTL25B-DBSlWbFw
After registering your interest, you will receive a confirmation email with information about joining the webinar. Participants will be able to submit questions via the Panel throughout the presentation, given this is a pre-recorded webinar we highly encourage attendees to send through questions via email beforehand to jm@janemorganmanagement.com.au.
This announcement has been approved by the Board of Directors.
Click here for the full ASX Release
This article includes content from Summit Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
DY6 Metals
Overview
Rare earth elements (REEs) collectively represent some of the most critical minerals in the world. This group of interrelated minerals has an incredibly broad range of applications — everything from military equipment to consumer electronics. They are also pivotal in the global transition to clean energy and decarbonisation. Neodymium magnets, for instance — composed of neodymium, iron and boron (NdFeB) — are increasingly being used in wind turbines and electric vehicle motors. Dysprosium and Terbium are added to high performance NdFeB magnets to increase the magnet’s resistance to demagnetisation, thereby improving performance through higher operating temperatures.
REEs are also essential to the production of devices such as smartphones, lending context to the news that alongside other critical minerals such as lithium and cobalt, global demand for REEs is expected to increase by as much as 600 percent over the next several decades.
It is clear the world needs to ramp up rare earths production — a challenge DY6 Metals (ASX:DY6) understands. This mineral exploration company holds a 100 percent interest in six highly prospective critical metals projects in Malawi. As one of the most stable jurisdictions in Southern Africa, Malawi is home to considerable mineral wealth — a fact which, alongside its mining-friendly government, has seen the country enjoy significant mining investments over recent years.Successful completion of maiden 35-hole RC and 8 DDH drilling program for 3,643m RC and 900m of DDH at Machinga HREE and Nb project was completed in September 2023. Assay results of the final diamond Drill hole program returned an average of 29 percent heavy rare earth oxide to total rare earth oxide (HREO:TREO) and 3.6 percent dysprosium (Dy) and terbium (Tb) (DyTb:TREO) at a cutoff grade of >0.25 percent TREO.
DY6 expanded its overall strategic footprint in Malawi to a total of 1,080 square kilometres by staking a carbonatite ring complex in southern Malawi known as Tundulu and several licences considered to be highly prospective for lithium. An exclusive prospecting licence application for 91.5 square kilometres was submitted over Tundulu while an additional four exclusive prospecting licence applications totaling 746.7 square kilometres have also been submitted for the company’s Mzimba (West, Central and South) and Karonga projects.
Company Highlights
- DY6 Metals is an ASX-listed company building a portfolio of critical minerals projects in Malawi that are highly prospective for rare earths, niobium and lithium.
- The company has completed a successful $7-million initial public offering.
- DY6 employs an experienced management team which includes geotechnical experts and mining professionals.
- DY6's projects feature near-surface, high-grade historical drillings and/or workings, and are significantly underexplored with considerable potential to define new mineralised zones.
- Malawi as a mining jurisdiction is incredibly prospective for rare earth elements. In recent years, multiple resource companies have been engaged in comprehensive exploration and development within the region, including:
- Malawi is also known for its excellent operating infrastructure, mining-friendly regulations, and push for renewable energy.
Key Projects
Machinga
Machinga project location
Located within the Chilwa Alkaline Province (the same province that hosts Lindian’s Kangankunde project), Machinga is DY6's flagship project. The original exploration licence, covering 42.9 square kilometers, was acquired in light of uranium channel radiometric anomalies located by a country-wide airborne survey in the 1980s. In 2023, the Malawian Department of Mines granted DY6 Metals an additional licence area for Machinga, which increased its total area to 197 square kilometres. The Machinga radiometric anomaly is continuous along a strike of approximately 7 km, indicating that potential to discover further eudialyte-hosted REE mineralisation may be significant.
Project Highlights:
- A significant HREE project
- 40km east of Lindian’s (ASX:LIN) “Kangankunde”
- Successful completion of maiden 35-hole RC and 8 DDH drilling program for 4,543m at Machinga HREE and Nb project
- Initial exploration focused on historical 2010 drill program for 4000m (Machinga North)
- Future exploration includes extending NE into new licence EL0705 and south along the anomalous zone
- 2023 Maiden Reverse Circulation and Diamond Core drill Assay significant results:
- 15.1 metres @ 1.01 percent TREO, 0.36 percent Nb2 O5 from 23.9 metres (3.71 percent Dy/ Tb/TREO) incl. 4 metres @ 1.75 percent TREO, 0.63 percent Nb2 O5 from 33 metres (3.8 percent Dy/Tb/TREO) drilled downdip (MDD007)
- 13 metres @ 0.65 percent TREO, 0.25 percent Nb2 O5 from surface; incl. 1 metres @ 1.06 percent TREO, 0.37 percent Nb2 O5 from 7 metres, and 1 metres @ 1.28 percent TREO, 0.42 percent Nb2 O5 from 9 metres (MR019)
- 7 metres @ 1.42 percent TREO with 0.49 percent Nb2 O5 from 65 metres (MR011) – 16 metres @ 0.54 percent TREO with 0.21 percent Nb2 O5 from 78 metres, incl. 3 metres @ 1.63 percent TREO, 0.7 percent Nb2 O5 from 87 metres (MR005)
- 11 metres @ 0.74 percent TREO, 0.29 percent Nb2O5 from surface (3.8 percent DyTb/TREO) incl. 2 metres @ 1.36 percent TREO, 0.49 percent Nb2O5 from 6 metres (4 percent Dy/Tb/TREO) (MR024)
Mineralisation
- Strongly mineralised hydrothermal breccia system striking NW-SE and dipping shallowly ~35° to the NE has been confirmed by the recent drilling
- Drill cross sections demonstrate excellent continuity with radiometric contour predicting the mineralised higher-grade zone
- High grade HREE-Nb confirmed from RC and DD drill results at Machinga Central Zone
- The mineralisation at the Machinga alkaline complex contains a higher proportion of valuable dysprosium-terbium (DyTb) with results indicating an average 3.6 percent DyTb:TREO in samples greater than 0.25% TREO.
Salambidwe Project
Straddling the Malawi-Mozambique border, the Salambidwe project covers an area of 24.9 square kilometres, associated with the Salambidwe Ring Complex, which is known for hosting multiple notable carbonate deposits. Geology in the area is also associated with high radiometric values, typically associated with REE mineralization.
Project Highlights:
- Considerable Potential: The Salambidwe project is a virgin rare earth carbonate prospect. While no drilling has taken place at the project, rock-chip samples returned 2.05 percent TREO including 214 ppm dysprosium oxide.
- Area Geology: With a diameter of approximately 6 kilometres, the Salambidwe Ring Complex is largely syenite and nepheline syenite with an agglomerate rock core. Based on this geology and the radiometric signal, the project has the potential for REE mineralisation.
2023 Exploration Program
- DY6 has completed the initial geochemical and geophysical exploration programs at Salambidwe.
- Analytical results have been received for the grid-based soil and rock chip sampling. Results from the 128 soil and 386 rock chips expand the known area of anomalous responses.
- The maximum values from separate rock chip samples were 1.21 percent TREO & 0.12 percent Nb2O5; maximum values from separate soil samples were 0.23 percent TREO & 0.09% Nb2O5.
- The 45-line kilometre airborne geophysical program confirmed the highly concentric nature of the intrusive complex.
- DY6 is assessing the combined geochemical and geophysical data to refine targets prior to a maiden drill program.
Karonga Lithium Project
In 2024, DY6 Metals entered into an exclusive option to acquire an 80 percent interest in the Karonga lithium project, with granted licence EPL0659, spanning 39 square kilometres in northern Malawi. DY6 Metals Ltd submitted four (4) exclusive prospecting licence applications totalling 746.7 km2 in northern Malawi for tenements it considers to be highly prospective for lithium. The Mzimba licences cover a large area (710.5km2) and remain significantly underexplored for LCT pegmatites.
Reconnaissance field work at the Karonga identified some pegmatites of up to 500 metres in length with the potential to host lithium mineralisation. Rock chip samples include visually observed spodumene and lithium micas (lepidolite). Initial reconnaissance indicates huge potential for a major Li discovery and initial ground reconnaissance sampling at Mzimba South licence returned grades of 6.2 percent Li2O (lepidolite mica) and 0.3 percent Li2O (pegmatite rock assemblage), and also high in cesium and rubidium with significant potential for LCT pegmatite hosted mineralisation. The first pass program at Mzimba South consisted of 8 samples from 5 outcrop locations, where artisanal workers have been excavating pegmatites for gemstones (tourmaline, aquamarine and beryl).
Tundulu REE Project
‘Tundulu’ is a known carbonatite ring complex with abundant REE mineralisation, predominantly in the form of bastnaesite and apatite. Shallow historical drilling (1988) (>max depth of 50 metres), includes:
- 41 metres @ 3.7 percent TREO, from 8 metres (JMT-22)
- 17 metres @ 1.3 percent TREO, from surface and 14 metres @ 1.1 percent TREO, from 21 metres (JMT-14)
- 11 metres @ 2.2 percent TREO, from 17 metres and 14 metres @ 4.1 percent TREO, from 36 metres (JMT-17)
- 14 metres @ 1.1 percent TREO, from 3 metres (JMT-07)
Samples from a recent reconnaissance field visit at Tundulu have been despatched for laboratory analysis. Tundulu complements the company’s existing REE and critical metals portfolio in Malawi. A geological team recently undertook a reconnaissance field visit over parts of the licence application area and samples have been submitted for laboratory analysis in South Africa.
Ngala Hill
Situated just east of the Thyolo Fault, the Ngala Hill Project's zone of mineralization contains a strong magnetic anomaly indicative of an oxidized intrusive. Like Salambidwe, Ngala Hill is a relatively fresh asset. It has not been the target of any significant modern exploration efforts, though the results from historical works are nevertheless promising.
Project Highlights:
- Multiple Mineralization Zones: Ngala Hill's deposit takes the form of an ultramafic chonolith that intrudes onto an underlying Proterozoic Basement Complex quartz feldspar-amphibole gneisses. The chonolith is also cut by Karoo-age dolerite dykes. Currently, DY6 has identified three zones of palladium-rich palladium-platinum-gold-copper mineralization worthy of follow-up.
- Promising Historic Results: After trenching the deposit in 2000, Phelps Dodge identified the following mineralization:
- 12 metres at 3 grams per ton (g/t) platinum group elements (PGE)+gold
- 70 metres at 1.12 g/t PGE+gold, including 8 meters at 3.3 g/t PGE+gold
- Presence of Massive Sulphides: Historical exploration has identified massive sulphides with grades of up to 4 g/t palladium+platinum+gold and 0.7 percent copper in saprolite/saprock.
- Close Proximity to Major Infrastructure: Ngala Hill is located close to the Nacala rail/port corridor, with easy access to grid power.
Management Team
Dan Smith - Non-executive Chairman
Dan Smith holds a Bachelor of Arts, is a fellow of the Governance Institute of Australia and has over 15 years’ primary and secondary capital markets expertise. He is a director and co-founder of Minerva Corporate, a boutique corporate services and advisory firm. He has advised on and been involved in over a dozen IPOs/RTOs on the ASX, AIM and NSX. Smith is currently non-executive director for several companies on AIM/ASX operating in the resources sector with a focus on critical minerals and has been heavily involved in project origination and evaluation.
Myles Campion - Non-executive Director
Myles Campion has over 30 years’ experience in the natural resources sector, including exploration geology, resource analysis, fund management, equities research and project and debt financing. He started his career as an exploration and mining geologist in Australia covering base metals and gold. This included being the project geologist at LionOre responsible for the exploration, discovery and BFS completion of the Emily Ann Nickel Sulphide Mine.
Campion’s financial experience ranges from Australian and UK equities research to project and debt financing in London and fund manager for the OEIC Australian Natural Resources Fund for five years in Perth. He has been the executive director of Europa Metals since August 2020 and is a non-executive director at Katoro Gold.
John Kay - Non-executive Director
John Kay is an experienced corporate lawyer and corporate adviser. He has over 15 years’ experience in equity capital markets, M&A and resources gained through both private practice and inhouse roles in Australia and the UK. He currently operates a corporate advisory practice, Arcadia Corporate, which provides corporate advisory and capital raising services to listed and unlisted companies in the small cap mining sector.
Kay has previously held a number of non-executive and company secretarial roles for ASX listed mining and energy companies and has advised on over a dozen IPOs/RTOs on the ASX. He holds a Bachelor of Laws from the University of Western Australia and is admitted to practice as a lawyer in Western Australia and England & Wales.
Nannan He - Non-executive Director
Nannan He has over 10 years of experience in geosciences, chemical material trading, exploration and resources investment. Through her investment vehicle Woodsouth Asset Management, she has been actively examining exploration and resource projects worldwide and has built strong networks, particularly in the Southeast Asian market.
Troth Saindi - Senior Exploration Geologist / Country Manager
Troth Saindi’s more than 17 years of experience in the mineral resource sector spans from exploration geology through to development and production. Troth commenced his career with MSA Group Services in 2006, focusing on gold, PGEs and base metal projects in the Barberton Greenstone Belt and the Bushveld Complex. From 2007 to 2013, Troth worked with Platinum Group Metals (PTM) in the Western and Northern Limbs of the Bushveld complex as a project geologist. He successfully led the discovery team in the new Waterberg PGE deposit, where a high-grade PGE ore seam was named after him (T-Reef). From 2013 to August 2023, Troth worked as group geologist with AIM- listed Bushveld Minerals Ltd managing several exploration projects and supporting the company’s mining operations. In September 2023, Troth joined ASX-listed DY6 Metals as a Senior Exploration Geologist and Country Manager for the company’s Malawi based projects. He is currently managing DY6 Metals’ REE & Lithium projects in Malawi.
Allan Younger - Technical Consultant
Allan Younger is a Geologist with over 40 years’ experience in all facets of the resources industry and most commodities. He is a specialist explorer highly experienced in target generation and project generation with advanced expertise in multi-element geochemistry application and Interpretation. Younger has worked for a number of large international and junior mining and exploration companies, within Australia and internationally, both as employee, contractor or consultant.
Currently, Younger serves as exploration manager for White Cliff Minerals (ASX:WCN), a mineral explorer focussing on rare earths and lithium exploration in Western Australia.Aclara Announces Strategic Alliance with VAC to Develop Permanent Magnet Supply Chain
Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) is pleased to announce that it has signed a Memorandum of Understanding with VACUUMSCHMELZE GmbH & Co. KG ("VAC"), which establishes a non-binding, non-exclusive, preliminary agreement, to jointly approach potential clients as a "mine-to-magnets" solution for ESG compliant permanent magnets (the "Preliminary Agreement").
Aclara and VAC believe that there is a significant market opportunity driven by the rising demand for electric vehicles ("EVs"), wind turbines, and other clean technologies that require rare earth permanent magnets produced pursuant to ever-increasing ESG standards. Such permanent magnets require significant quantities of both light and heavy rare earth minerals. Currently, obtaining these rare earth mineral materials whilst also having the capacity to process them, combined with the industrial technology needed to fabricate permanent magnets, is very limited and concentrated among a few Asia-based suppliers. This supply/demand dynamics results in a promising background to develop a new, resilient, ESG-focused supply for permanent magnets.
The strategic alliance between VAC and Aclara is unique due to Aclara being one of the very few potential suppliers of Dysprosium and Terbium, two highly coveted heavy rare earth minerals which are key in the production of permanent magnets and are not easily available outside of Asia. Aclara is currently developing two ionic clay projects, one in Chile and another in Brazil, for the production of a high-purity heavy rare earth carbonate. In addition, the Company is developing processing technology through its US-based subsidiary to be able to receive this carbonate and produce with it magnetic alloys. These alloys, in turn, are the key input required by VAC to produce permanent magnets.
VAC is considered the largest producer of rare earths magnets outside of Asia, with more than 40 years of experience in magnet making technology. VAC, whose main permanent magnet facility is located in Hanau, Germany, recently executed a contract with General Motors (GM) to supply GM with permanent magnets by building a new magnets' plant in the State of South Carolina, United States.
Accordingly, each of Aclara and VAC are strategically positioned to collaborate to build a reliable long-term solution to supply high-performance permanent magnets to power EV motors and other technologies for our global clients.
Agreement Structure and Next Steps
The collaborative relationship between Aclara and VAC is not structured as a legal entity. Instead, each of the parties will engage in collaborative efforts, in a relationship characterized as (i) preferred supplier-purchaser and (ii) cooperation on marketing, customer relations, and related matters. Highlights of a number of the collaborative next steps include but are not limited to:
- VAC's intention to support the further development of Aclara's rare earth metals and alloys existing joint venture project with CAP S.A., by providing product specification requirements to produce the high-performance permanent magnets used in EVs;
- the intention of both parties to jointly analyze the mine to magnets cost structure to develop an optimal cost-effective solution for potential customers; and
- the intention of both parties to jointly approach potential new customers and present them with a ‘one-stop-shop' solution to secure geopolitically independent and ESG responsible permanent magnets.
VAC's CEO, Erik Eschen, commented:
"We are thrilled to announce the fortification of our partnership with Aclara, a frontrunner in the development of ionic clay mines in South America. This collaboration is aimed at streamlining the supply chain for rare earth elements, specifically Dysprosium and Terbium. These elements play a pivotal role in the decarbonisation of the transportation sector and the generation of renewable energy. By joining forces with Aclara, VAC is committed to tackling one of the most pressing issues of our era. Our joint efforts not only create value for our customers and shareholders but also contribute significantly to the well-being of our planet."
Aclara's CEO, Ramon Barua, commented:
"This strategic alliance is expected to offer great synergies to both Aclara and VAC as it combines a clean source of heavy rare earths with the technology needed to convert those resources into actual products. It is the first step towards solving a real need in the market, as the transition to electric vehicles requires new rare earths supply chains, which are currently not being addressed in a comprehensive manner. This strategic alliance will create value for VAC, Aclara, OEMs and for our planet, as we will be closer to achieving our climate change goals in a sustainable manner."
About VAC
VACUUMSCHMELZE (VAC) is a leading global producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. With extensive application know-how and 100 years of experience in material science and product development, VAC designs and manufactures mission critical solutions for a wide variety of industries, including renewable energy, e-mobility, automotive, industrial automation, medical, aerospace and defense. VAC's unique ability to develop and manufacture from base elements through final products enables us to provide customers optimal form factors and performance, generating best in class efficient solutions in an environmentally conscious manner. More information is available at www.vacuumschmelze.com. VAC is a portfolio company of Ara Partners, a global private equity firm that is decarbonizing the industrial economy.
About Acara
Aclara Resources Inc. (TSX: ARA) is a development-stage company that is focused on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.
Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's current concessions in Brazil, Chile, and Peru.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to, among other things, the Company's expectations including statements with regard to, among other things, the Company's strategic investments and partnerships, the current and future valuation of the Company, the economic effect of the Preliminary Agreement, the success of its and its subsidiary's development projects and the Company's expectations as to the partnership and the transactions contemplated thereby. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's annual information form dated as of March 22, 2024 filed on the Company's SEDAR+ profile. Actual results, timing, performance, achievements or future events or developments could differ materially from those expressed or implied herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this news release is provided as of the date of this news release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.
For further information, please contact:
Ramon Barua
Chief Executive Officer
investorrelations@aclara-re.com
Click here to connect with Aclara Resources Inc.(TSX:ARA to receive an Investor Presentation
New Drill Targets Identified at Campo Grande REE Project
- Drilling campaigns to commence imminently at Jaguaquara, 3km away from Sulista discovery which returned grades up to 22.4% TREO -
Equinox Resources Limited (ASX: EQN) (“Equinox Resources” or the “Company”) is pleased to advise that drilling will shortly commence at Jaguaquara and will also test the Jitauna prospects at its “Campo Grande” Rare Earth Project, located in the REE province in Bahia, Brazil.
- Drilling targets at Jaguaquara and Jitauna blocks identified using anomalous high REE grades identified through integrated geochemical surface assays and airborne radiometric maps, associated with thorium anomalies.
- Drilling to commence at the highly prospective Jaguaquara block testing targets located ~3 km away from Brazilian Rare Earths (ASX:BRE) Sulista discovery which returned up to a 22.4% TREO assay result.
- The high priority targets are also located ~2 kms away from BRE’s Pele Project that has returned high grade assays up to 10.4% TREO.
- An additional and equally prospective target area at the Jitauna Block has also been identified which will also be tested in this new drilling campaign.
- Surface samples from the Jaguaquara target region is interpreted to be linked to a regional-scale linear structure extending over 15 km NW-SE, indicating high prospectivity.
- This linear structure starts from the Rio Negro drill target and continues into the Jaguaquara block. Assays results from recent drilling at the Rio Negro Prospect are still pending.
- This region is geologically located on the Volta do Rio Plutonic Suite unit, known for hosting high grade mineralisations of rare earth elements in hard rock.
- The Company is in the final stages of awarding drilling contracts for a larger scale drilling program targeting REE in hard rock.
- Company recently completed a $4m capital raise and has a strong cash position of $5.3m allowing for uninterrupted drilling campaigns across its identified REE prospects
- Recent drilling has only covered ~1% of the Project tenement areas
These new targets have been generated through the continuous regional surface sampling campaign undertaken by the Company where additional regional surface samples have been received. These results assist the exploration team in mapping the areas and focusing on selected prospective areas within the Amargosa, Jitauna, and Jaguaquara blocks for further exploration and drilling as the Company awaits the drill assays from Rio Negro and additional surface samples from the region.
Based on the geochemical surface assay results integrated with the geology and airborne radiometric thorium, uranium, and ternary maps, the samples with anomalous high grade REE grades are associated with regions of thorium anomalies, sometimes with associated uranium and ternary anomalies.
The surface samples with anomalous REE grades from the Rio Negro Target region are interpreted to be associated with a regional-scale linear structure with a NW-SE direction that crosses the entire Rio Negro Target and extends for more than 15 km in the NW direction and into the Jaguaquara block (refer figure 8 below). In this region, surface samples located very close to this lineament and with anomalous REE grades indicate the high potential of the area. These prospects are further highlighted due to their proximity to the high grade discoveries that have been made by Brazilian Rare Earths (ASX: BRE) at their Pele and Sulista Projects. For instance, the Jaguaquara site is located just ~3 km from the Sulista discovery, which has yielded peak assays of up to 22.4% TREO1. Additionally, the Jitauna site is ~2 km from the Sulista discovery. The true potential of the Jaguaquara and Jitauna prospects can be further understood through drilling, drilling campaigns expect to commence imminently.
Equinox Resources Managing Director, Zac Komur, commented:
"We're in the very early stages of exploring our REE ground at our Campo Grande prospects, with only ~1% of our prospects currently drilled. By working through geochemical and geophysical data to pinpoint new additional drill targets, we have identified some high-priority areas for a drilling campaign aimed at delineating hard rock REE deposits.
This process has focused our efforts on areas within the Amargosa, Jitaúna, and Jaguaquara blocks. We plan to deploy in depth drilling programs on these new drilling targets proximal to Brazilian Rare Earths Discovery imminently."
Amargosa, Jitaúna and Jaguaquara are geologically inserted in the Jequié Complex and Volta do Rio Plutonic Suite that is known for hosting high-grade rare earth mineralisations in hard rock. The Jequié Complex is an assemblage of predominant metatonalites, metatrondhjemites and metagranodiorites closely associated with subordinate metabasic to intermediate rocks, metaultramaic rocks as serpentinites and pyroxenites.
The Volta do Rio Plutonic Suite is composed of three main petrographic rock types: granodiorites and monzogranites with normal contents of mafic minerals, a bimodal association of amphibole- bearing-metaleucogranites and associated pegmatites–aplites, maic-ultramaic to intermediate rocks and cumulates.
The high-grade mineralisation in hard rock of the Volta do Rio Plutonic Suite can occur from the surface in outcrops and extend up to 75 m deep. The Volta do Rio Plutonic Suite is distinguished by a bi-modal formation of light coloured granite gneiss and REE-Nb-Sc-U cumulate mineralization. The high grade REE-Nb-Sc-U cumulate appears to be layered within the province scale and most likely formed via the separation process of the parent magma.
Click here for the full ASX Release
This article includes content from Equinox Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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