The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Multiple New Lithium (LCT) Pegmatite Targets Confirmed
March 13, 2023
Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) engaged globally renowned geological consultants RSC Consultants Limited (RSC) to assess the potential of the Company’s Gascoyne projects for:
- Lithium (Li): hard rock, high grade LCT Pegmatites
- Rare Earth Elements, Heavy and Light (HREE; LREE): clay/hard rock hosted
- Manganese (Mn): high grade strata bound, supergene, and• Precious and base metals (Au; Ag; Cu-Pb-Zn)
HIGHLIGHTS
- Independent geological experts RSC consultants have identified four priority target areas for Lithium-Caesium-Tantalum (“LCT”) Pegmatites within the Company’s Critical Elements Projects, located in the centre of the rapidly developing Gascoyne “Battery Metals” Province, WA
- Each of the target areas are associated with confirmed fertile parental granites of the Thirty Three and Durlacher Supersuites and contain the same metasedimentary sequences which host Red Dirt Metals (ASX: RDT) Yinnetharra Lithium Project, less than 10 km’s to the NE of Reach Resources’ tenure
- All of the targets are defined by favourable geology, multi-element pathfinder geochemistry and the presence of mapped Geological Society of Western Australia (GSWA) Tin, Tantalum and Lithium pegmatites
- A helicopter supported field reconnaissance program has been initiated to assess the priority areas in more detail
- Drilling of priority targets is scheduled to commence in CY Q3/4 2023 once all regulatory approvals are received
CEO Jeremy Bower commented:
“RSC’s independent expert analysis confirms our belief that our landholding in the Gascoyne has the potential to host significant battery metal deposits.
Phase 1 of the assessment focused on the lithium potential at our Critical Elements Projects and has not only cemented Morrissey Hill as our primary lithium target but importantly has identified three new lithium target areas. Each of the areas are defined by the presence of a highly fertile parent granite and supported by key multi-element geochemistry including lithium, caesium, tantalum, tin and rubidium which are all well documented associations of lithium bearing “rare metal” LCT pegmatite mineral systems.
This is an exciting time for the Company and our shareholders, and we look forward to delivering updates to the market over the coming months. The Future is within Reach”.
Phase 1 of the assessment focused on the lithium potential of the Company’s Critical Elements Projects which includes the newly acquired Morrissey Hill and Camel Hill projects as well as the Wabli Creek project (Figure 1).
Figure 1: Critical Elements Projects
The assessment included a review of relevant deposit models and mineralisation styles of interest, regional and local geology, local mineral systems, academic papers, open file company and government reports and all available geochemical, geophysical and remote-sensed data sets.
Click here for the full ASX Release
This article includes content from Reach Resources, 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.
RR1:AU
13 October 2023
Odessa Minerals: Exploring for Lithium and Rare Earths in Western Australia's Resource-rich Gascoyne Region
Keep reading...Show less
28 July 2023
Quarterly Activities/Appendix 5B Cash Flow Report
Reach Resources Limited (ASX: RR1) (“Reach” or “the Company”) provides its activities report for the quarter ended 30 June 2023.
HIGHLIGHTS
High-Grade Lithium Results at Yinnetharra (15 May 2023)
- Lithium mineralisation confirmed with rock chip samples reporting highly encouraging assays of up to 2.3% Li2O (lithium oxide); 4295ppm Cs (caesium) and 705.8ppm Ta2O5 (tantalum oxide).
- Multiple large, strike extensive, lithium-bearing pegmatites of the Spodumene-Petalite Subtype (Featherstone, J.M, 2004) confirmed at the Company’s Yinnetharra tenements, directly adjoining Delta Lithium (ASX: DLI) and Minerals 260 (ASX: MI6).
- Results from the Bonzer include:
- 23RRRK0003 - 14,422ppm or 1.4% Li2O, 2873ppm Cs ,714.4ppm Ta2O5 and 4891ppm Rb.
- 23RRRK0002 - 12,832ppm or 1.3% Li2O, 2205ppm Cs, 243.4ppm Ta2O5 and 4108ppm Rb.
- Results from the Bonzer include:
Outcropping Copper Gossan Delivers 33% Cu Assays (18 May 2023)
- High grade copper-oxide mineralisation (malachite) confirmed at the Company’s Morrissey Hill Project, Yinnetharra with rock chip samples reporting highly encouraging assays of up to 33.2% Cu; 0.2 g/t Au and 141.8g/t Ag.
14.3% Niobium & 70.3% HREO-Rare Earth Element NYF Pegmatite (1 June 2023)
- Sensational high-grade results from surface eluvial samples at Wabli Creek, Yinnetharra
- 14.3 % Nb2O5, 6.7% Ta2O5, 3689 ppm TREO with 70.3% HREO
- Independent geological experts RSC have advised that the consistent high-grade niobium and HREO is associated with a ~2.5km long rare element pegmatite swarm identified from historical records at Wabli Creek
- Importantly the mineralisation likely extends under cover (Jacobson et al, 2007)
- Source of high-grade niobium and heavy rare earth oxide (HREO) results confirmed as a rare element pegmatite swarm with niobium, yttrium, fluorine (NYF) geochemical signature
- Rare element (NYF) pegmatites are characterised by their unusual enrichment of niobium and heavy rare earth elements (HREE), in contrast to clay hosted or carbonatite deposits which predominantly contain light rare earth elements (LREE)
- Confirmation of a rare element pegmatite system increases the likelihood of identifying additional high-grade niobium and HREE which are listed as critical minerals by governments worldwide
Latest Assay Results Return up to 10.3% Niobium (28 June 2023)
- Spectacular assay results received from the latest surface eluvial and rock samples taken at the Wabli Creek rare element (NYF) pegmatite field have returned high grade niobium of 10.3% Nb2O5 (23RRRK243) and 2.6% Nb2O5 (23RRRK244). Additional anomalous rare earth elements (REE) results returned of up to 7082 ppm TREO.
- Importantly, samples from the latest program were taken up to 400m east of the previously mapped north-west pegmatite trend spanning ~1.5km, which returned results up to 14.3% Nb2O5, 6.7% Ta2O5, 3689 ppm TREO
- Latest results indicate a potential stacked pegmatite sequence and/or a new niobium/REE mineralisation source.
Click here for the full ASX Release
This article includes content from Reach Resources, 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.
Keep reading...Show less
18 May 2023
Outcropping Copper Gossan Delivers 33% Cu Assays At Morrissey Hill Project, Yinnetharra
Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce that it has received high grade copper, gold and silver results up to 33% copper, 0.2g/t gold and 142g/t silver from its recently completed rock chip sampling program at the Company’s Morrissey Hill Project, Yinnetharra, W. A (Refer to Figure 4).
HIGHLIGHTS
- High grade copper‐oxide mineralisation (malachite) confirmed at the Company’s Morrissey Hill Project, Yinnetharra with rock chip samples reporting highly encouraging assays of up to 33.2% Cu; 0.2 g/t Au and 141.8g/t Ag. (Figure 1).
- Results follow Morrissey Hill assays of up to 2.3% Li2O (ASX Announcement 15 May 2023).
- Mineralisation at the Swallowtail Copper Prospect was mapped over a strike length of at least 150m and remains open in all directions.
- Significant results include:
- 33.2% Cu, 0.2g/t Au and 141.8g/t Ag (23RRRK0039).
- 14.7% Cu, 0.02g/t Au and 55.6g/t Ag (23RRRK0042).
- 4.2% Cu, 0.3g/t Au and 5.7g/t Ag (23RRRK0041).
- 2.3% Cu, 0. 2g/t Au and 5.0g/t Ag (23RRRK0043).
- Historical sampling 3.0km’s west of Swallowtail could potentially extend the strike with historical results returned:
- 18.5% Cu, 1.1g/t Au and 6.8g/t Ag
- 18.5% Cu, 1.1g/t Au and 6.8g/t Ag
- The rock chip results confirm the Company’s targeting methodology and the potential of the area to host significant mineralisation.
- Morrissey has never been drilled & geochemical surveys planned to commence next week.
Commenting on the results CEO Jeremy Bower said:
“The Morrissey Hill tenement at our Yinnetharra Project continues to deliver. These are outstanding copper results and in conjunction with the 2.3% Li20 announced earlier this week, it is clear how prospective the ground is. We’re focused on sourcing the critical and battery minerals of the future and copper is an important part of our strategy. Despite several world class copper‐gold and polymetallic base metal deposits in the East Capricorn Orogen, the West Capricorn and Gascoyne has been massively under‐ explored. We see this as a huge opportunity.
Importantly, we are fully funded to complete our field programs and drilling campaigns earmarked for this year. Our focus remains on thorough geochemical assessment of each target and getting drill rigs out to Morrissey Hill as soon as possible. This will mean consistent news flow for our shareholders over the coming months.”
FIGURE 3: Morrissey Hill showing location of the Swallowtail Prospect along Stringer Fault line
FIGURE 4: Regional location of Reach Yinnetharra projects
The rock chip results confirm the Company’s targeting methodology and the potential of the area to host significant mineralisation. Systematic surface geochemical surveys including soils, stream sediment and rock chip sampling are planned to commence immediately. Results from this work will guide follow up programs which if warranted may include electromagnetic geophysical surveys and drill testing of priority targets.
The results were reported from an outcropping quartz‐veined gossan, the Swallowtail Prospect, showing visible malachite (copper‐oxide) over a strike length of approximately 150m. The gossan strikes east‐ west, appears to dip steeply towards the south and remains open in both directions. A single historical sample located some 3.0km’s west of Swallowtail, and within the same structural corridor, also reported high grade copper, gold and silver assays indicating a potential strike length of the target zone in excess of 3km’s (Refer to Figure 3).
Click here for the full ASX Release
This article includes content from Reach Resources, 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.
Keep reading...Show less
14 May 2023
Reach Resources’ Strategic Position Between Two of WA’s Mining Heavyweights
Reach Resources’ (ASX:RR1) strategic position with its Morrissey Hill project has placed the critical mineral explorer on the radar of two of Western Australia’s mining giants Delta Lithium (ASX:DLI) and Minerals 260 (ASX:MI6), according to an article published in The West Australian.
“While Delta and Minerals 260 have between them wrapped up what appears to be the region’s prime ground, both of their maps show a glaring and curious anomaly. Closer inspection reveals that a reasonable chunk of ground, right in the middle of the two bigger players, is held by the $10m market-capped Reach Resources,” the article said.
Reach acquired the Morrissey Hill lithium project in February, at the same time that it acquired the Camel Hill and White Castles tenements prospective for rare earths and manganese, respectively, covering four tenements. Morrissey hosts historical, high-grade lithium, tantalum, rubidium, caesium and niobium, according to Reach.
Click here to connect with Reach Resources’ Limited (ASX:RR1) for an Investor Presentation.
Keep reading...Show less
06 December 2021
Maiden Inferred Resource Blue Heaven Prospect Primrose Gold Project
Reach Resources Limited(ASX: RR1) (“Reach” or “the Company”) is pleased to announce its Maiden Mineral Resource estimate reported in compliance with JORC (2012), for the Blue Heaven Prospect within the Primrose Gold Project, located approximately 420 km northeast of Perth, Western Australia (“Project”).
Highlights
- Total Inferred Mineral Resource of approximately 1.035 Mt @ 3.2g/t Au for 105,000oz Au (1.0g/t cut off) at the Blue HeavenProspect
- Includes a higher-grade component of approximately 0.582 Mt @ 4.7g/t Au for 87,000oz Au (1.5g/t cutoff)
- Primrose Gold Project comprises the Company’s Blue Heaven and Pansy Pit Prospects. Inferred Mineral Resource based solely on Blue Heaven
- Significant potential upside exists via further drilling at the Pansy Pit Prospect
- Mineral Resource restricted to 100m depth below surface due to insufficient detailed drilling at depth of the nuggetty natured mineralization
- Preliminary desktop optimisation studies indicate strong potential for economic extraction of the majority of the mineral resource - approximately 784,000 tonnes at 3.6g/t Au for 92,000ounces
- Company can now pursue the monetisation of the Blue Heaven Resource
- Further drilling required to further evaluate targets located down dip and along strike of untested historical workings (Exploration Target) and high-grade mineralisation down dip and plunge of the Mineral Resource below a depth of 100m belowsurface.
Resource Estimation
A Mineral Resource estimate has been developed at the Blue Heaven Prospect within the Company’s Primrose Gold Project. The estimation was completed by Philip A. Jones as a Competent Person based on data provided by the Company.
Click here for the full ASX Release
This article includes content from Reach Resources, 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.
Keep reading...Show less
18h
Rare Earths Market Forecast: Top Trends for Rare Earths in 2025
Rare earths prices saw some gains in May 2024, fueled by positive sentiment over consumer demand in China.
While both dysprosium (Dy) and neodymium-praseodymium (NdPr) oxides benefited from this positivity, Benchmark Mineral Intelligence notes that Dy oxides registered the largest gain, moving 10 percent high month-on-month.
“This was the first-time rare earths prices had recovered after a continuous decline (in 2023), but after a brief recovery, prices are now falling again,” Benchmark pricing and data analyst George Ingall said in a May report.
The move for Dy oxides was more pronounced as the market is smaller. NdPr oxide was up a more moderate 0.6 percent.
Muted demand has weighed on prices, but year-on-year increases in mine supply have also capped price growth.
Global rare earths output has rapidly risen from 240,000 metric tons in 2020 to 350,000 metric tons in 2023, according to US Geological Survey data. The lion’s share of rare earth production continues to be dominated by China, a factor that remains relevant for the industry as the Asian nation continues to flex its control.
East vs. west divide still key for rare earths
Rare earths, which are essential in various high-tech applications, including electric vehicles (EVs), wind turbines and electronics, have become a political pawn between the east and west.
Currently, China and the US are locked in a geopolitical struggle over rare earths, with tensions mounting.
In late 2023, China imposed bans on exporting technologies for rare earths processing, tightening its grip on the global supply chain. By mid-2024, reports were circulating that the country's State Council would introduce stricter regulations on domestic rare earths mining, smelting and trading, effective October 1, 2024. The rules would declare rare earth resources state-owned and require companies to maintain detailed records in a traceability system.
The US responded with tariffs on Chinese EVs and critical minerals, aiming to counter China's dominance while bolstering domestic production. These measures underscore escalating tensions, with both nations prioritizing strategic control over rare earths amid growing demand for green technologies and national security needs.
While each nation grapples for supply chain security, Jon Hykawy, president and director at Stormcrow Capital, told the Investing News Network (INN) that a more diplomatic approach is needed.
“There is a potential fork in the path regarding critical materials, more broadly, and rare earths, in particular, when it comes to overall trade strategy between western nations and China,” he said via email.
“By my calculations, if we maintain an integrated trade structure, then, together, we will probably be able to provide sufficient quantities of both NdPr and DyTb (dysprosium-terbium) to achieve our goals in both the automotive and clean energy sectors; NdPr is easy, DyTb is harder, but it can be done.”
However, if western nations decide they want to exclude China they will face shortfalls.
“If we decide to go our own way in the west, then we can likely deliver enough NdPr to do what we need to do. (But) we are unlikely to make enough DyTb to enable the intended use of all that NdPr," he noted.
Hykawy also took aim at governments not recognizing the increasing importance of DyTb.
“At present, there is some noise and support for ‘rare earths,’ but no one in government seems to understand that the critical materials out of the lanthanide elements is shifting from NdPr to DyTb. Without that realization, the steps that are being taken are not mitigating the correct risks,” he said.
Ex-China rare earths supply in the works
To combat China’s hold on the rare earths sector, the US is heavily investing in the space.
In April 2024, the US Department of Energy earmarked US$17.5 million for four rare earths and critical minerals and materials processing technologies using coal and coal by-products as feedstocks.
“The US has looked to support the development of a domestic rare earth supply chain by financing upstream development of rare earth mining from primary and secondary sources, along with recycling of rare earth containing products," David Merriman, research director at Project Blue, explained to INN.
“In addition, the US government has provided financing for rare earth processing facilities under development by existing rare earth producers to be located in the US, along with NdFeB (neodymium-iron-boron) magnet production facilities.”
To bolster domestic magnet production against Chinese competition, the US government plans to impose a 25 percent tariff on NdFeB magnet imports from China starting in 2026.
However, since most NdFeB magnets are already embedded in components imported by US manufacturers, the tariff is expected to affect only a small fraction of the country's overall NdFeB magnet consumption, Merriman said.
As the US looks to build out a domestic rare earths supply chain, China has sought to fortify its own.
“China has also taken action to reduce supply chain risk for rare earths, both at the sourcing of feedstocks and the downstream finished product stage,” he said. “China via state-owned companies has invested in several foreign rare earth operations to diversify the origin of rare earth feedstocks, particularly for heavy rare earth rich feeds.”
As Merriman pointed out, the diversification has been propelled by sourcing issues in 2024.
“The risk of China’s current feedstock sources has been highlighted in 2024 with disruption to feedstock supplies from Myanmar, which accounted for >40 percent of global mine supply of dysprosium and terbium,” he said.
In October, rare earths supply was interrupted when Myanmar’s Kachin Independence Army seized Panwa, a key rare earths mining hub, following the earlier capture of Chipwe.
The two towns in Kachin state, near China’s Yunnan province, are critical suppliers of rare earth oxides to China.
“Chinese imports of raw materials from Myanmar were 40,000 tonnes during the first nine months of 2024,” If that production drops out, there will be a big impact on (heavy) rare earth prices,” Thomas Kruemmer, founder of the Rare Earths Observer, told Fastmarkets.
Rare earths project pipeline facing fragility
Depressed prices through 2023 have weighed on explorers and developers as new projects are financially unviable.
“There are several projects which are at advanced stages of development, though few are able to compete on a cost basis with fully integrated and state-owned operators in China,” said Merriman.
“Financing, metallurgical test work and the development of a sizable terminal market outside of China for semi-refined rare earth products are all barriers to the development of several rare earth projects.”
Weak markets are often fertile ground for M&A and deals, and 2024 saw some notable ones.
In June, Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands project.
Since the agreement was penned, development activities at Donald have progressed, including work related to process plant engineering, auxiliary infrastructure, contract tendering and permitting and approvals.
In September, Defense Metals (TSXV:DEFN,OTCQB:DFMTF) signed a memorandum of understanding with the Saskatchewan Research Council (SRC) to support the development of a domestic rare earths supply chain.
Defense Metals and the SRC will explore collaborations on rare earth processing and supply, including using SRC’s proprietary separation technology for Defense Metals’ products. They aim to negotiate a long-term supply agreement as Defense Metals advances its Wicheeda rare earths project in BC, Canada.
As the year drew to a close, Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) received a US$1.8 million payment from the US Department of Defense on December 13. The funding will support Ucore’s subsidiary, Innovation Metals, in demonstrating its RapidSX rare earths separation technology at a commercial demonstration facility in Kingston, Ontario.
What factors will affect rare earths in 2025?
In 2025, Merriman sees China’s continued rare earths dominance as a key driver for the sector.
“China maintains a strong influence over rare earth pricing, with most international prices for rare-earth trades being based in some way upon Chinese domestic pricing. China has long sought price stability for key rare earths, allowing downstream value add industries to benefit from reliable and often lower feedstock prices," he said.
“Maintained lower pricing in 2025 will likely help support demand growth for key earth products within the Chinese market, though the concentration of supply originating from China continues to make rest-of-world consumers nervous over becoming reliant on rare earths materials," Merriman also told INN.
For Hykawy, precarious supply outside of China and weak prices will be a focal point in 2025.
"Obviously, we’ve seen significant price drops for Nd, for example," he said.
"That helps the auto sector, but only by the slightest amount. Let’s say there is 2 kilograms of magnet in a main motor in an EV, and I’m likely overestimating. Only 27 percent of that is neodymium metal. The impact of the price change on 500 grams of rare earth is not moving the needle on an EV’s cost," Hykawy added.
He also expressed concern about the supply chain for heavy rare earths. “The bigger, long-term impact I am thinking about is, as Dy and Tb production becomes a bottleneck, how does the industry adjust to a world where the projects that can produce enough Dy and Tb are also making Nd and Pr as a by-product?” he posited.
"To meet the growing demand for heavy rare earths, do the major NdPr producers, like Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF), MP Materials (NYSE:MP) and the Bayan Obo mine, drop their NdPr output to maintain reasonable prices, or do they keep going and flood the market and drop their own prices to unsustainable levels," he questioned.
“For some time, NdPr have been the materials in demand. Soon, they might be valuable but overproduced commodities, with everyone scrambling to get the right amount of DyTb for their automotive or wind application.”
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Aclara Resources and Energy Fuels are clients of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Keep reading...Show less
09 January
Australian Rare Earths Finalises AU$5 Million Federal Government Grant Agreement
Australian Rare Earths (ASX:AR3) has signed and finalised its AU$5 million grant agreement under the Australian government's International Partnerships in Critical Minerals (IPCM) program.
The funding will go toward the advancement of the company's Koppamura project in South Australia and Victoria.
“The grant validates the potential of the Koppamurra Rare Earths Project and its strategic importance in building diverse, resilient and sustainable supply chains through strong and secure international partnerships,” the company said.
Koppamura is said to host all four key rare elements, namely praseodymium, neodymium, terbium and dysprosium. Its JORC-compliant resource stands at 186 million tonnes at 712 parts per million total rare earth oxide.
With the funding in hand, the company will proceed to additional metallurgical testwork, as well as the completion of a prefeasibility study for the project. The money will also support the construction and operation of a demonstration plant to validate process design and significantly derisk the development pathway.
Australian Rare Earths said it will match the grant funding, bringing the planned expenditure to AU$ 10 million. A portion of the matched funding may also be eligible for the Australian Government Research and Development tax incentive refundable tax offset.
Australian Rare Earths had received an initial installment of AU$750,000 at the time of this writing. The remainder will be completed upon the company’s provision of progress reports, which will outline the advancement on agreed activities. Reports will be made by the company every six months, with the first due on July 30.
Completion of the activities is expected by December 31, 2026, while the grant agreement end date is June 9, 2027.
This past October, another ASX-listed rare earths company, Australian Strategic Materials (ASX:ASM,OTC Pink:ASMMF), also received a AU$5 million grant from the IPCM program. The amount was dedicated to developing the Dubbo rare earths project in New South Wales. Australian Strategic also matched the funding amount to increase expenditure.
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.
Keep reading...Show less
08 January
EVZ Secures Energy and Resources Sector Contracts Worth AU$28.5 Million
Australian engineering services company EVZ (ASX:EVZ) said on Tuesday (January 7) that it has been awarded two contracts in the energy and resources sector through its subsidiary Brockman Engineering.
The contracts are for the engineering and construction of the Hastings fuel terminal expansion, and for storage tanks for the Eneabba rare earths refinery project in Western Australia. In total they amount to AU$28.5 million.
“We are very pleased with the ongoing success of our businesses in the Energy & Resources sectors, as they expand their presence and grow their backlog for the upcoming periods,” said CEO Scott Farthing.
The Hastings fuel terminal expansion contract covers the engineering and construction of the project’s next stage for United Terminals, including adding two new bulk fuel storage tanks, civil groundworks and associated balance of plant works.
The other contract is for a package of five bulk storage tanks that will form part of the Eneabba rare earths refinery project. It will be completed in conjunction with Tank Industries, a water tank designer and manufacturer based in Australia.
Enneabba is set to be Australia’s first fully integrated rare earths refinery.
“Brockman and Tank Industries have worked very closely with our client Iluka Rare Earth and their EPCM company Fluor Australia to develop innovative process storage solutions for the plant that meet their specific technical requirements,” EVZ said.
EVZ will now design and fabricate the tanks for Hastings, with mobilisation to the site scheduled in the first quarter of 2025. Completion is anticipated in the third quarter of 2026. Meanwhile, mobilisation for the Enneabba rare earths refinery is scheduled for the third quarter of 2025, with completion expected in the first half of 2026.
“These project successes place our businesses amongst the top innovative providers in their industry and provide a firm base from which to grow revenues and profits as our market sector-focused strategic plan evolves,” Farthing said.
EVZ said both projects will contribute to its revenue and earnings in its 2025 and 2025 fiscal years.
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.
Keep reading...Show less
23 December 2024
Rare Earths Stocks: 5 Biggest ASX Companies in 2024
Prices and demand for rare earths have taken a hit in recent years. However, the long-term outlook for these important materials remains positive.
Rare earth elements (REEs) are key metals for high-tech applications, including permanent magnets, which have widespread potential, especially in the technology and electric vehicle sectors.
With future demand looking strong, countries around the world are keen to secure rare earths from sources outside of China — which is good news for rare earths companies in Australia. Indeed, looking at the next couple of decades, the International Energy Agency notes that rare earths demand could double by 2040.
For investors interested in getting a foot in the market, below is a list of the largest ASX rare earths stocks by market cap. Data for this stocks list was collected using TradingView's stock screener on December 17, 2024.
1. Lynas Rare Earths (ASX:LYC)
Market cap: AU$6.29 billion
Share price: AU$6.64
Lynas Rare Earths is Australia's largest rare earths miner, as well as the only significant rare earth materials producer in the world outside of China. Focused on integrated delivery, Lynas is a miner and supplier of high-grade rare earths. According to the company, its Mount Weld asset in Western Australia is one of the highest-grade rare earths mines in the world.
In June, the company announced that its Lynas Malaysia facility is on track to commence first production of two separated heavy rare earths products, dysprosium and terbium, in 2025.
Lynas Rare Earth's AU$800 million Kalgoorlie rare earths processing facility officially opened in Western Australia in November.
During the fourth quarter of 2024, Lynas reported neodymium and praseodymium (NdPr) production of 1,504 tonnes. Its total rare earth oxide production reached 2,188 tonnes during the same period.
2. Iluka Resources (ASX:ILU)
Market cap: AU$2.16 billion
Share price: AU$5.09
Iluka Resources has decades of experience in the mining industry, mostly in the production of zircon and high-grade titanium dioxide-derived rutile and synthetic rutile. However, in recent years, it has developed a rare earths portfolio.
At its Eneabba operation in Western Australia, Iluka has a strategic monazite-rich mineral stockpile that it plans to process. The company is currently working on a feasibility study for a fully integrated rare earths refinery at Eneabba, which would produce separated rare earth oxides from its own feedstock and potentially from third-party feedstock as well. Construction will start once earthworks have been completed, with first production at the refinery expected in 2025.
Iluka’s Wimmera project in Victoria, Australia, also has the potential to be a long-term supplier of zircon and rare earths. Iluka is currently working towards a definitive feasibility study for the project.
3. Brazilian Rare Earths (ASX:BRE)
Market cap: AU$520.2 million
Share price: AU$2.20
Brazilian Rare Earths is advancing its district-scale Rocha da Rocha rare earth province in the state of Bahia, Brazil.
The company's 1,410 square kilometres of mining claims are highly prospective for both heavy and light rare earths, with grades of over 40 percent total rare earth oxides (TREO) found. The company’s exploration campaigns have identified three styles of rare earths mineralisation across the project area, including source rock for high-grade niobium and scandium, shallow high-grade monazite sand and ionic clay rare earths mineralisation.
Brazilian Rare Earths’ current resource estimate for Rocha da Rocha stands at 510 million tonnes at 1,513 parts per million TREO. This includes the high-grade Monte Alto project with a monazite sand rare earths resource of 25.2 million tonnes at 1 percent TREO; it has a higher-grade shallow, free-dig resource core of 4.1 million tonnes at 3.2 percent TREO. The company is working toward completing an updated resource estimate for the district.
In December, Brazilian Rare Earths announced it had received approval for the final exploration report for the Monte Alto exploration licence, a significant milestone in securing a mining permit for the project. The company is preparing an economic development plan that will be underpinned by the project's scoping study, which management expects to complete in Q2 2025.
4. Arafura Rare Earths (ASX:ARU)
Market cap: AU$271.09 million
Share price: AU$0.11
Arafura Rare Earths is advancing its Nolans NdPr project in Australia's Northern Territory, and is currently in the midst of construction. Arafura has plans for Nolans to be a vertically integrated NdPr operation with processing facilities on site. According to the company, the Nolans project will supply around 4 percent of global NdPr oxide demand once complete, with an annual production capacity of 4,400 tonnes of NdPr concentrate.
The company has signed several offtake agreements, including one with Siemens Gamesa Renewable Energy that commences in 2026. The deal guarantees a five year contract under which Arafura will supply Siemens Gamesa with NdPr from Nolans. The supply deal will kick off at 200 tonnes for the first year, before increasing over time as the project reaches nameplate production.
According to Arafura's quarterly report for the period ended September 2024, the Nolans project is shovel ready, with construction set to commence once funding is secured. A final investment decision is expected to be made in the first half of 2025.
5. Northern Minerals (ASX:NTU)
Market cap: AU$165.97 million
Share price: AU$0.02
Northern Minerals is focused on developing its Browns Range dysprosium-terbium project in Western Australia and bringing the project's Wolverine deposit into production.
The company has a long-term rare earths concentrate supply agreement with Iluka Resources for all concentrate produced from Browns Range until 30,500 tonnes of contained rare earth oxides have been delivered.
Northern Minerals is developing Browns Range through a three stage system, and the project has been producing heavy rare earth carbonate since 2018. The company is now working on a definitive feasibility study for a commercial-scale mining operation and beneficiation plant at Browns Range that will respectively extract and process ore from Wolverine.
Northern Minerals is on track to complete a definitive feasibility study in Q3 2025, and is targeting first production in Q4 2027.
FAQs for ASX rare earths stocks
What are rare earths?
Rare earths are a category of elements that share many chemical properties. In fact, all but two — yttrium and scandium — are also called lanthanides. These elements are commonly found in the same deposits and are necessary for diverse technological applications such as rare earth magnets.
In total there are 17 rare earth elements, and they are split into light and heavy rare earths, with each segment being grouped together on the periodic table. On the light side, there are cerium, lanthanum, praseodymium, neodymium, promethium, europium, gadolinium and samarium, and on the heavy side there are dysprosium, yttrium, terbium, holmium, erbium, thulium, ytterbium, yttrium and lutetium.
Which countries have the most rare earths?
In terms of both rare earths reserves and rare earths production, China is the frontrunner by a long shot, with 44 million tonnes of reserves and 240,000 tonnes of production in 2023. However, Vietnam, Brazil and Russia all have reserves above 10 million tonnes. With regards to production, the US is in second place at 43,000 tonnes due to the Mountain Pass mine in California, and Myanmar is in third place with 38,000 tonnes.
What makes rare earths rare?
Rare earths are actually relatively abundant in the Earth's crust, contrary to what their name suggests. However, they're quite dispersed instead of being found concentrated in specific areas, which means locating economic deposits to mine is difficult.
As China controls much of global rare earths production, many countries have deemed them critical minerals and are prioritizing supply chain security.
This is an updated version of an article originally published by the Investing News Network in 2018.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
20 December 2024
Wyoming Rare USA Secures Strategic Facility to Support Halleck Creek Project
American Rare Earths Limited (ARR) (ASX: ARR | OTCQX: ARRNF, AMRRY) is pleased to announce that its wholly owned subsidiary, Wyoming Rare (USA) Inc., has secured a facility at the Western Research Institute in Laramie, Wyoming. This significant development marks a key step forward in the company’s efforts to progress the Halleck Creek Rare Earths Project and enhance its operational capabilities in the region.
This follows the recent award of a USD $7.1 million grant from the State of Wyoming to support the advancement of the company’s rare earth processing initiatives. The facility, situated in a strategic location, will serve as a hub for exploration, processing, and future development activities, enabling the company to align its efforts with state-backed initiatives to bolster critical mineral development.
Key Features of the Facility and Partnership:
- Centralised Operations: The facility will house all drill core and assay samples collected to date, providing a central location for streamlined operations.
- Future Pilot Plant Site: The space will accommodate the construction of a pilot plant, advancing the development and testing of processing capabilities for the project.
- Collaboration: This partnership lays the groundwork for further synergies, leveraging the Western Research Institute’s expertise.
The Western Research Institute, located in Laramie, Wyoming, is a multi-million dollar, not-for-profit, research organisation renowned for work in advanced energy systems, environmental technologies and materials research and technologies. Their Headquarters and Advanced Technology Centre includes laboratories, pilot facilities and room for new development.
“This is an exciting milestone for the company and our progression of the Cowboy State Mine at Halleck Creek,” said Joe Evers, President of Wyoming Rare (USA) Inc. “The support of the State of Wyoming and our collaboration with the Western Research Institute highlights Wyoming’s commitment to becoming a leader in critical minerals development. This facility helps to advance our mission of onshoring critical mineral supply chains for the USA while highlighting Wyoming’s position a leader in critical minerals and rare earth elements.”
Click here for the full ASX Release
This article includes content from American Rare Earths 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.
Keep reading...Show less
19 December 2024
Victory Metals Signs Rare Earths Offtake MOU for North Stanmore with Sumitomo
Victory Metals (ASX:VTM) said Tuesday (December 17) that it has signed a strategic non-binding memorandum of understanding (MOU) with Sumitomo (TSE:8053), a leading integrated trading and investment enterprise.
The MOU establishes a potential long-term mixed rare earth carbonate offtake partnership between the two companies. It will have an initial five year offtake term with a possible five year extension.
According to Victory Metals, its target is to provide Sumitomo with 30 percent of the annual mixed rare earth carbonate production from the North Stanmore heavy rare earth elements (HREE) project.
"We are extremely pleased to be partnering with Sumitomo Corporation, a globally recognised powerhouse with extensive industry expertise and a proven track record of securing critical mineral supplies,” said CEO and Executive Director Brendan Clark. “This agreement reflects the strategic value of the North Stanmore Project and confirms the global significance of our unique heavy rare earth element composition within the North Stanmore clay deposit."
North Stanmore is located approximately six kilometres from Cue, Western Australia, and holds six tenements.
A resource estimate published in July shows that the project holds 235 million tonnes, with 63 percent in the indicated category. Victory Metals said this represents Australia's largest indicated resource for HREE-dominant deposits.
The company will discuss pricing with Sumitomo during negotiations for a binding term sheet, which they aim to enter by October 31, 2025. Other material terms will be discussed at that time as well.
“We plan to utilize our global network to sell the rare earths produced by Victory. We look forward to future partnerships,” Sumitomo commented in Tuesday's press release.
“Sumitomo’s financial strength, global logistics expertise and commitment to sustainable growth make it the ideal long-term partner for Victory Metals as we continue to progress (North Stanmore) towards development," Clark added.
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.
Keep reading...Show less
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.