
March 24, 2025
McLaren Minerals Limited (ASX: MML) ("McLaren" or "Company"), is pleased to provide an update on the drilling program at its wholly owned McLaren Titanium Project.
Highlights
- Drilling has consistently intersected visible heavy minerals
- Additional 10m of mineral hosting sediments identified in northern area
- Metallurgical sample collected and dispatched for test work
- Pressurised saline water encountered in several holes on northern drilling lines
- Gypsum occurrence confirmed in north-western corner of EL69/2388
- First parcel of analytical samples has been dispatched to Perth for analysis
McLaren Minerals are currently exploring the McLaren Deposit located approximately 40km west of Balladonia in Western Australia by means of Air Core drilling and surface geological investigations. The 2025 exploration program is progressing well and is approximately 40% complete.
The drilling program, targeting infill drilling to a previously interpreted mineral sands strandline, should be complete by mid-April. Onsite geologists have confirmed visual mineralisation within targeted sediments and are encouraged by the consistent nature of mineralising orientation. It should be noted that visual estimates recorded during drilling activities and laboratory results do not always align.
Heavy Mineral Consistently Intersected
Drilling consistently intersected sediments hosting Heavy Minerals (HM) and it is interpreted to occupy paleo marine sediments below modern cover and are predictably identified within the elevated topographic feature. The mineral hosting sediments are observed to gently rise in an easterly orientation and overlay crystalline basement displaying a consistent heavy mineral assemblage dominated by Ilmenite and observed to contain a relatively low level of trash minerals. It is noted that a vertical extension to the historical drilling has been identified in the northern area, with current drill holes intersecting an additional 10m of mineral hosting sediments to those previously interpreted. Heavy Mineral present in the metallurgical sample grid is consistent along strike within the mineralizing beds and displays predictable mineral composition. Figure 1 below displays visual confirmation of HM observed during metallurgical test holes within the current 2025 infill drilling activities.
Figure 1: HM in drillholes - Left Image MM01, central image MM06, right image MM57
Metallurgical Sample
The samples of mineralised sediments required for metallurgical test work at IHC Mining laboratory in Queensland have been collected and dispatched. The samples were taken from 69 drillholes with those holes broadly representative of the first 5 years of planned operations (Please see Figure 2 below).
The sample equated to approximately 6 tonnes of material and will be used to validate the flowsheet designed by IHC and to complete follow up tests to allow development of a slimes management strategy for McLaren. As per previous test work (ref APS ASX Announcement 24 Sept 2024) slimes settling was achieved using addition of 3% gypsum, resulting in significant improvement in flocculant dosing rates, down to 150-200g/t.
The test work produced final products of:
- Ilmenite of a suitable grade to be classified as sulphate ilmenite
- Rutile of a typical quality with 95.7% TiO2, 1.49% Fe2O3,
- Zircon of a typical standard zircon quality, noting levels of U + Th at 265ppm were considered very low.
Water Encountered
In very positive news, pressurised water has been encountered in 3 holes being drilled in the north-western part of the known deposit area. In these holes saline water flowed freely from the hole while the rods were downhole, and in the second hole the water flow continued after rods were withdrawn and until the hole was plugged.
The groundwater occurs within a gravel terrace draping basement clays and occurs at shallow depth (approximately 20m). The crystalline basement below saprolite clays display an amount of alteration consistent to a shearing environment. The location is identifiable in regional geophysics data adjacent to a small-scale faulting feature striking approximately north south. It is likely that the gravel terrace was formed in a fluvial drainage feature, eroding and incising the softer sheared zones in the basement, later confined by overriding cover units. Further investigation will be required to determine whether the water is of sufficient volume and quality to support operations.
Click here for the full ASX Release
This article includes content from McLaren 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.
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17h
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
Critical Metals
(NASDAQ:CRML) got a boost on Monday (June 16), landing a letter of interest
(LOI) for a non-dilutive US$120 million funding package from the Export-Import Bank of the US (EXIM).
The funds would be used to advance its Tanbreez rare earths project in Southern Greenland.
Touted as one of the world’s largest rare earths deposits, Tanbreez is expected to produce up to 85,000 metric tons of rare earth material annually, with more than 27 percent classified as heavy rare earth elements.
“This is a tremendous milestone for Critical Metals Corp which highlights to the rare earths supply chain, Western Governments and investors that Tanbreez is a world-class asset that will provide mission-critical rare earth metals to counter China’s continued dominance,” said Critical Metals CEO and Chairman Tony Sage.
The funding would support pre-production, technical studies and early mining activities. EXIM’s financing falls under its new Supply Chain Resiliency Initiative and comes with a 15 year repayment term.
Critical Metals acquired
a controlling stake in Tanbreez in June 2024 in a transaction valued at up to US$211 million. It expects the asset to require US$290 million in capital expenditure to advance to initial commercial production.
The US$120 million from EXIM would support key early stage work at Tanbreez, including technical and economic studies, pre-production activities and the start of mining operations.
The company is aiming to complete a definitive feasibility study by late 2025.
Critical Metals also plans to invest an additional US$10 million in exploration this year, giving it the option to increase its ownership in the project to 92.5 percent through the acquisition of a further 50.5 percent stake.
“We are now razor focused to put Tanbreez into production as soon as possible," said Sage
.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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18 June
Eclipse confirms high-value, coarse-grained rare earths at Grønnedal, backed by an efficient processing pathway
Eclipse Metals Limited (ASX: EPM) (Eclipse or the Company) is pleased to confirm that its Grønnedal rare earth elements (REE) Project in southwest Greenland continues to solidify its position as a strategically important and globally significant source of REE. The Project metrics are supported by robust scientific data and including benchmarked mineralogical results.
Project Highlights:
- Dominant synchysite, bastnasite and monazite mineralogy - ideal for Nd-Pr permanent magnet feedstock.
- Coarse-grain size of key REE minerals with up to 54% liberation, supporting low- cost, conventional flotation pathways.
- The defined resource of 89Mt represents approximately 6% of the carbonatite body, with extensive growth potential.
- Niobium ~4,670ppm, Yttrium ~777ppm, and HREE credits enhance the Project’s overall economics.
- Tier-1 Greenland location with deep-water access and no uranium permitting constraints.
- Mineralogical studies provide a strong foundation for upcoming metallurgical and process design work.
A recent mineralogical study completed by SGS Canada has confirmed the presence of high-value rare earth minerals, including Synchysite, Bastnasite and Monazite – highly sought-after hosts of magnet rare earth elements (Nd, Pr, Dy, Tb).
The recent mineralogical assessment returned significantly elevated niobium grades, ranging from <40ppm to 4,670ppm, and yttrium values ranging from 39ppm to 777ppm (refer Appendix 1), highlighting the polymetallic nature of the mineralisation and its potential for enhanced downstream value capture.
Both elements are increasingly sought after for superconductors, defence alloys, and advanced electronics, further elevating Grønnedal’s importance within the global critical minerals ecosystem.
Importantly, the test work confirms that the mineral assemblage is highly amenable to conventional processing, aligning with proven flowsheets successfully applied at other globally recognised REE operations, including Mountain Pass (USA) and Mount Weld (Australia).
Commenting on the SGS mineralogical results, Eclipse Metals Executive Chairman Carl Popal said:
“The Grønnedal REE complex continues to deliver compelling results that reinforce its emerging position as a globally strategic rare earths project. With 89 million tonnes now defined, the combination of scale, favourable mineralogy, coarse grain size and demonstrated processability sets Grønnedal apart as one of the few Western rare earth deposits with a clear pathway toward scalable development.
“The polymetallic nature of the mineralisation, combined with high liberation rates confirmed through advanced mineralogical studies, supports the potential for efficient recovery using well- established processing routes, further strengthening Grønnedal’s relevance to EU and North American critical minerals supply chains.
“Eclipse remains committed to responsible and transparent development in Greenland while advancing the project with a disciplined focus on value creation and global supply chain diversification,”
Click here for the full ASX Release
This article includes content from Eclipse Metals, 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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17 June
Expert: Can a United Front Loosen China’s Rare Earths and Critical Minerals Hold?
As western automakers reel from yet another round of Chinese export restrictions on rare earths, the urgency to create a counterweight to Beijing’s dominance over global mineral supply chains is reaching new heights.
At the center of the conversation is a persistent and disruptive strategy: Chinese state-backed firms flood global markets with critical minerals, push prices below sustainable production levels and wipe out foreign competition.
In response, experts like Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic and International Studies, are calling for a fundamentally different playbook.
In her view, it's time for nations to coordinate their market power and engage in collective deterrence.
“If countries continue to operate independently instead of collectively, China will retain its dominant position because no single nation has enough market leverage on its own,” Baskaran argues in her recent commentary.
The scale of disruption is difficult to overstate. In just three years, global prices for core energy transition minerals have collapsed. Between May 2022 and May 2025, prices for cobalt fell nearly 60 percent. Nickel prices plunged 73 percent, while lithium prices cratered by almost 87 percent. In each case, price collapses coincided with waves of supply from China or Chinese-backed operations, forcing western producers to shut down or defer investment.
Baskaran further explains that these price dynamics aren’t accidental.
Chinese companies — which often receive subsidies, low-interest loans or direct state support — can afford to operate at near-zero or even negative profit margins, squeezing out foreign firms that need to show a return on capital.
When it comes to rare earths, with 90 percent of refining under its control, China can suppress prices long enough to bankrupt competition, then raise prices once dominance is assured.
For Baskaran, the closure of Jervois Global's (ASX:JRV,OTC Pink:JRVMQ) cobalt mine in Idaho and BHP's (ASX:BHP,NYSE:BHP,LSE:BHP)Nickel West project in Australia illustrate how fragile western efforts are when exposed to this kind of strategic economic pressure.
Tariffs alone won’t cut it
To date, responses from the US have largely focused on domestic industrial policy — subsidies, tax credits and isolated tariffs. But given the country’s relatively small share of global minerals demand — just 1.7 percent for rare earths, for example — US actions alone are unlikely to move the needle.
“While tariffs can be an effective instrument, a single country acting alone is unlikely to make a significant difference for mineral prices given the small size of their offtake markets,” Baskaran stresses.
Instead, she suggests that any meaningful response must involve coordinated policy across a coalition of major consuming nations. The proposed solution is a shared “anchor market” — a bloc of like-minded countries that harmonize tariffs, coordinate investment protections and implement shared procurement rules.
If executed well, she believes this approach could flip the current dynamic, placing reciprocal pressure on China while supporting market conditions where western producers can survive.
“A unified market of this scale would be capable of challenging China’s dominance and providing the West with meaningful strategic leverage,” she adds in her piece.
Such a coalition is not hypothetical. The Minerals Security Partnership (MSP), an initiative involving 14 countries and the EU, already exists to foster cooperation on supply chain resilience.
With a combined market of nearly 2.8 billion people — double the population of China — Baskaran states that the MSP represents a latent force that, if fully activated, could counterbalance Chinese leverage.
Leverage through scale and policy
The power of an anchor market lies in its ability to send long-term price signals and create investor certainty.
Gradual import quotas, for instance, could mandate that a growing share of mineral inputs — starting at 10 percent and scaling to 60 percent over a decade — come from within anchor market countries.
Baskaran explains that unlike tax incentives, which are temporary and non-binding, quotas offer a durable guarantee that demand will materialize, helping de-risk large-scale mineral investments.
Equally important is investment protection. Chinese firms continue to buy up critical minerals assets abroad, even in a weak price environment, ensuring that they control future supply. If this trend continues, any market-based response from the west may simply enrich Chinese shareholders in the long run.
Australia’s key role and the G7’s moment for market unity
Baskaran highlights that, among potential partners, Australia stands out.
With rich deposits of 31 critical minerals and advanced mining capabilities, it is essential to any serious diversification plan. Mining already contributes over 13 percent to its GDP, compared to just over 1 percent in the US.
Politically, Australia has taken a hardline stance on Chinese influence, from banning Huawei in 2018 to imposing university research safeguards and building a state-backed mineral reserve to reduce foreign dependency.
The G7 summit in Canada offers a unique moment to align policy. All G7 countries have identified critical minerals security as a priority. By formalizing the anchor market concept, Baskaran argues that the G7 nations and their partners could finally mount a credible economic counteroffensive: “The anchor market can shift leverage away from Beijing and toward a more resilient, rules-based minerals ecosystem.”
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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16 June
Burgum Endorses Colosseum Rare Earths Project in Continued Critical Minerals Push
The Trump administration is fast tracking development of Dateline Resources’ (ASX:DTR,OTC Pink:DTREF) Colosseum rare earths project in California as part of its push to boost domestic critical minerals supply.
In a recent interview, Secretary of the Interior Doug Burgum highlighted the project as a priority under the government's critical minerals strategy, stating that the US has "to get back in the game in a serious way around critical minerals.”
For his part, US President Donald Trump has called the project "America’s second rare earths mine.” He first announced Colosseum's approval in an April 21 Truth Social post, listing it as a weekly achievement.
The Colosseum project sits in the Walker Lane Trend in East San Bernardino County, California, only 10 kilometers north of MP Materials’ (NYSE:MP) Mountain Pass mine, the only operating rare earths mine in the US.
Mountain Pass is also the highest-grade rare earths mine in the world.
According to Burgum, the endorsement from the government stems from the US’ push to restart domestic rare earths production and reduce dependence on other countries such as China.
Currently, China remains the biggest rare earths producer by far, producing 270,000 metric tons in 2024. That’s about 70 percent of the total production for the year, which was recorded at 390,000 metric tons.
The ongoing trade war has created tensions between the US and China, raising questions about supply chain security.
Some relief was seen last week — the BBC reported that China has agreed to supply US companies with magnets and rare earths as part of Trump’s deal with Xi Jinping, president of China. In return, the US said it will walk back its threats to revoke the visas of Chinese nationals at US colleges and universities.
Trump addressed the arrangement via a June 11 Truth Social update, stating that he has “always been good” with including Chinese students in colleges and universities.
Dateline has a green light to explore and extract rare earths from Colosseum, as well as gold.
“We have seen growing interest out of the US, particularly after recent milestones at Colosseum,” the Sydney Morning Herald quotes Dateline Managing Director Stephen Baghdadi as saying.
Dateline said in May that it had started the process to uplist to the OTCQB. Should the OTCQB listing go through, the company will still continue to meet its ASX disclosure requirements.
The same month, the company said it had begun preparations for a rare earths-focused drill program at Colosseum, and would complete it alongside a planned gold feasibility study for the site.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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12 June
Australian Strategic Reports Bump in Rare Earths Sales Enquiries
Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF) has confirmed the sale of neodymium and praseodymium (NdPr) metal and neodymium-iron-boron (NdFeB) alloy to its key partners.
Supply came from the company's critical metals facility in South Korea's Ochang Foreign Investment Zone. Located 115 kilometres south of Seoul, the plant opened in May 2022 and is Australian Strategic's flagship metallisation plant.
According to Australian Strategic, it is the only ASX-listed company capable of producing rare earth metals and alloys commercially. The plant is one of the few facilities outside of China capable of producing the high-tech metals and alloys needed for clean energy technologies, advanced manufacturing, defence and aerospace.
Australian Strategic shared that recent work carried out at the plant, together with ongoing trade and geopolitical uncertainty, has resulted in numerous sales enquiries and customer discussions.
“As rare earth supply chains face increasing vulnerability due to China’s export restrictions, ASM is continuing to develop existing and potential customer relationships, positioned to deliver an alternative supply to the rest of world," the company explains in a press release issued on June 6.
Its customers include big and small permanent magnet manufacturers in South Korea, the US and Europe
Australian Strategic also revealed that it will use existing stock and oxides from an Australian supplier to meet demand, and is currently in discussions with Canada-based Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) for more oxide supply.
In Australia, rare earths have increasingly been in demand, with the government looking to secure rare earths independence using various tactics. These include project investments, strategic partnerships and tax incentives.
Australian Strategic received AU$5 million for its Dubbo rare earths project under the Australian government’s International Partnerships in Critical Minerals Program in October 2024.
As of 2025, Australia ranks fourth in both rare earths reserves and output.
Recently, Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF), the world’s only producer of separated rare earths outside of China, became the first producer of heavy rare earths outside China after starting production at its Malaysian facility.
Australian Strategic will continue to work with relevant partners and update the market as further sales occur.
“In recent months, ASM’s position as one of the leading ex-China producers of NdPr metal and NdFeB alloy has been cemented,” Managing Director and CEO Rowena Smith commented.
“Having navigated rigorous validation processes with existing and potential customers, proving our capability and product quality, we are now in a position to leverage our growing experience and reputation in the industry.”
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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11 June
Change of Director's Interest Notice (T Sage)
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