
July 05, 2024
Ionic Rare Earths Limited (Ionic RE or the Company) (ASX: IXR) is pleased to provide an update on the acquisition of 100% of Seren Technologies Limited (SerenTech), a UK private company with unique and leading-edge rare earth separation technology, as announced on 8 December 2021.
SerenTech is commercialising technology using ionic liquids for separation and refining of rare earth elements (REE), which includes the full cohort of the proposed basket from Makuutu, consisting of the lanthanides series, Lanthanum (La), to Lutetium (Lu), plus Scandium (Sc) and Yttrium (Y).
SerenTech has an exclusive “patent and know-how” licence from Queens University Belfast (QUB) allowing it to develop and commercialise the technology. Additionally, SerenTech has also developed know-how in this area and lodged a further four (4) global patents, providing a pipeline of opportunities in which to deploy the technology.
Click here for the full ASX Release
This article includes content from Ionic Rare Earths, 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.
IXR:AU
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14 September 2023
Ionic Rare Earths
Overview
Rare earth metals are best classified as difficult to discover and extract. In 2019, nearly 60 percent of global annual production (an estimated 132,000 tonnes) came from China, with only 12.2 percent of production coming from the second largest producer, the United States. But, what are rare earth metals? And why are they more important than ever?
Rare earth metals are classified into two categories: light and heavy. Light rare earth elements (LREEs) are commonly available and include lanthanum, cerium, praseodymium, and neodymium. Heavy rare earth elements (HREEs) are more difficult to source (and therefore more expensive), and include samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, yttrium, and scandium.
Known as the seeds of technology, rare earth metals set to play an ever growing important role in the future of clean energy, as well as serving as a key ingredient in the permanent magnets found in wind turbines and electric vehicles. With such rapid forecast demand looming it’s clear why this segment of the mining industry is attracting attention.
Ionic Rare Earths (ASX:IXR, or “IonicRE”) is an exploration and mining development company that aims to create rare opportunities for investors by operating a low capital operation with a high-margin product. The company currently has a 51 percent ownership (earning up to 60 percent) over the promising rare earth elements Makuutu project located in Uganda. Even though it is the company’s only project, the Makuutu project has a post-tax long-term free cash flow estimate of US$766 million over 11 years. This is expected to grow dramatically in the next 12 months as the company increases the resources to increase the potential life at Makuutu beyond 30 years.
The company is focused on developing its flagship Makuutu Rare Earths Project in Uganda into a significant, long life, high margin, supplier of high-value critical and heavy rare earths. Makuutu is an advanced-stage, ionic adsorption clay (IAC) hosted rare earth element (REE) project highlighted by near-surface mineralisation, significant exploration upside, excellent metallurgical characteristics, and access to tier one infrastructure. The clay-hosted geology at Makuutu is similar to major IAC rare earths projects in southern China, which are responsible for the majority of global supply of low-cost, high value Heavy REOs (>95% originating from IAC). Metallurgical testing at Makuutu has returned excellent recovery rates, which provide multiple avenues for a low-CAPEX process route. Makuutu is well-supported by tier-one existing infrastructure which includes access to major highways, roads, power, water and a professional workforce.
Makuutu will produce a mixed rare earth carbonate (MREC) product, and is planning on developing a standalone refinery to then process the radionuclide MREC product to produce secure and traceable individual rare earths required to supply a growing western demand.
Key investor take-aways:
- The Basket; High content of critical and heavy rare earths (73 percent) required to enable transition to carbon neutrality.
- Low capital development (US$89M); Scalable modular approach means that we can expand the operation from initial capital investment using free cash flows from the project.
- High payability mixed rare earth carbonate (MREC) with no radionuclides.
- Long life; 27 years defined but scope to increase this to be much greater with additional exploration upside pending.
- Investigating standalone heavy rare earth refinery to separate MREC into refined products for marketing to western end users.
Figure 1: Makuutu is quickly being defined as one of the world’s most strategically important rare earth projects.
Figure 2: Granit outcroppings south of the mineralisation trend, with the expansive Makuutu project area in the distant north.
Historically, the majority of rare earth metals have been produced in China. However, economically significant deposits are now being explored and developed all around the world due to the increased commercial interest in the element driven by desires to develop secure supply chains to meet dramatic increases in future demand.
Additionally, Makuutu is the third-largest scandium deposit on the planet with 9,450t+ of scandium available and near term potential for a step change in size.
“We’ve recently done some exploration drilling that indicated that the overall mineralization system of Makutuu is going to get a lot bigger, so we’re going to continue to add value to shareholders and build a very large project,” Tim Harrison said in a recent interview.
Figure 3: Phase 4 infill drilling at Makuutu which is expected to net a significant increase in resources at Makuutu.
Figure 4: Makuutu project location, 120 km east of Kampala, Uganda.
Makuutu may have a strong presence of scandium, but the project also serves as a “one-stop-shop” for many other rare earth elements, especially the high value and high demand magnet rare earths , neodymium, praseodymium, dysprosium and terbium, and many others. There are 16 rare earth elements found in the Makuutu IAC mineralization, with lanthanum oxide, yttrium oxide, and neodymium oxide being found in the highest concentrations. Forecasting the price of all the rare earth elements found at Makuutu is how Ionic Rare Earths is expected to earn US$766 million over 11 years, with much more upside long term given sensitivity analysis indicated a 10% increase in rare earth prices projected a massive 30% increase in NPV post tax.
Ionic Rare Earths is led by a strong corporate management team with decades of applicable experience. Trevor Benson, the chairman, has over 30 years experience with investment banking and stockbroking, focusing on the resources sector. Tim Harrison, managing director, brings 20 years of experience in mineral processing and hydrometallurgy. Max McGarvie, the non-executive director, has 45 years of experience in mining development and mineral processing. Combined, the experienced management team is fully equipped to lead Ionic Rare Earths to success.
Company Highlights
- Ionic Rare Elements is an exploration and mining company that is cultivating a promising basket of rare earth metals, which includes magnet rare earths neodymium, praseodymium, dysprosium and terbium, in high demand to feed the insatiable demand for Evs and offshore wind turbines
- Makuutu’s unique rare earth basket has the full list of all individual REEs required for the future industries dependent upon a secure and stable supply
- The Makuutu project is a low-capital development that will produce a high-margin product
- Rare earth metals already have many applications, but a forecast demand of these technology metals already exceeds potential supply indicating that long term REE procing is set for significant gains
- The Makuutu project is considered the third-largest scandium resource globally, and has the potential to produce many other in-demand REEs
- IonicRE is dedicated to developing and extracting value from the Makuutu project with a potential of extending the to 2050 and beyond
- IonicRE is planning on developing heavy rare earth refining capacity and supplying western markets as the next step in maximising the value of the Makuutu basket in a climate of strained supply.
- IonicRE’s magnet recycling business Ionic Technologies, has executed landmark partnership agreements with Ford Technologies, Less Common Metals, and British Geological Survey (BGS) to create a UK rare earth supply chain from recycled magnets.
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Low Capital Operations With the Potential for High Margins
18 August
The Waste Debate: Can Rare Earth Elements be Extracted from Coal Ash?
Engineers from Monash University are saying they have found a better way to strengthen critical minerals and rare earths supply in Australia by recycling.
A report by the university claims that coal fly ash (CFA), the powdery waste that comes out of burning brown coal, could be the next best solution to extract critical minerals and rare earth elements (REEs).
“For decades, Australia’s coal-fired power stations have produced millions of tonnes of this ash, most of which ends up in ash dams or landfills…But what if that so-called waste could help power the technologies of the future – and ease the pressure on traditional mining?,” the engineers ask.
Coal fly ash, particularly the kind produced from brown coal in Victoria, was the subject of most experiments, as these are said to not contain radioactive elements like uranium or thorium.
The engineers are calling this solution “urban mining,” saying that it could power the green revolution.
What can urban mining do?
According to the engineers, the method they have discovered can recover all 17 REEs above a 90 percent efficiency rate.
They explained that the absence of radioactive elements makes the extraction process “inherently safer,” with less regulations and more environmentally sustainable compared to traditional rare earth mining.
Highly sought-after “magne” rare earths such as neodymium and dysprosium, which are used for electric motor and wind turbine magnets, are included in the extraction’s produce.
“To give you a sense of the potential, from coal fly ash alone, we could recover up to 45,000 tonnes of rare earth metal each year,” they wrote.
How does it work?
A previously published study by Monash University outlined five materials and methods for extracting REE from coal waste, which is summarised below:
- Sample preparation - collection of brown coal fly ash (BCFA) and separation into containers.
- Total quantification of metals - sending of samples to two external analytical companies, which identified baseline results for major, minor, trace non-REE metals and REEs in BCFA.
- Sequential extraction method - a six-step process reporting a more detailed fractionation capacity, studying modes of occurrence of REEs in CFA.
- Analysis of leachate from the extraction process via ICP-MS, which uses both internal standardization and an additional custom multi-element standard method that ensures accurate quantification
- Assessment of Victorian BCFA via a proposed coefficient, which is “the ratio of the sum of all elements classified as critical by the United States Department of Energy to excessively found REEs”
How is coal waste advancing?
“We’ve already scaled up our process from a small lab setup to a 30-litre system, and we’re now designing a 100-litre semi-continuous unit, with a demonstration plant planned at Monash University,” the engineers shared. “The technology has already won awards, and we’re ready to take the next step.”
The team also said that they are working with industry and government partners to introduce the process to the market, assisting in the clean up of legacy waste from coal-fired power generation.
A previous article published by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in February 2024 also looked into the transformation of coal waste into REEs, saying that it “ultimately comes down to economics.”
“Do the dollars stack up to recover the minerals from the tailings and overburden or not? If we pre-concentrate, can we then economically recover them?”
The organisation also mentioned that besides the already successful reclamation of coal mining areas for agriculture, coal wastes also holds potential to recover other minerals, such as clay-based minerals, in the future.
It is estimated that more than 71 million tonnes of coal ash is generated globally each year.
Current state of REEs in Australia
Australia is currently emerging as a key player in the global rare earths and even in the critical minerals market, following trade tensions between China and the US.
The country has also been making strategic moves towards rare earths independence, including investment in projects, policy amendments and cross country deals.
Western Australia, in particular, is being put on the global map with its significant rare earths deposits, backed by support from its local government.
“Urban mining gives Australia a chance to lead the world in clean, homegrown rare earth supply while also solving a legacy waste problem,” Monash University concludes. “It could create regional jobs, support local manufacturing, and reduce our reliance on overseas supply chains. It’s a rare opportunity.”
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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01 July
Rare Earths Extracted from Ema ISR Field Trial
ISR leaching confirms commercial scale viability using low concentration MgS04
Brazilian Critical Minerals Limited (ASX: BCM) (“BCM” or the “Company”) is pleased to announce that it has now successfully leached, extracted and precipitated rare earths from its in-situ recovery (ISR) pilot field trial at the Ema project.
Highlights
- First REEs successfully recovered under real-world conditions: Rare earth elements have been leached, extracted, and precipitated directly from the Ema deposit using in-situ recovery (ISR) methods
- Technical viability confirmed: This successful field-based extraction validates the ISR process at Ema and marks a significant step forward for the project’s development
- Environmentally friendly leaching solution used: The REEs were recovered using a low- concentration (0.5M) magnesium sulfate (MgSO₄) solution, supporting BCM’s commitment to environmentally responsible and sustainable mining practices
This achievement strengthens BCM’s position as a leader in low-impact, next-generation rare earths production and demonstrates the potential for ISR to offer a scalable, low-cost, and environmentally superior alternative to conventional mining methods.
To watch the video of the rare earths precipitate from solution, click on the link below https://braziliancriticalminerals.com/link/0y58QP
Figure 1. Precipitated solids directly in the field after in-situ leaching. Small amounts of reagent added to rare earth rich solution causing the rare earths and impurities to precipitate (cloudy material) in a beaker directly adjacent to extraction wells.
Andrew Reid, Managing Director, commented:
“Our field trials have now conclusively demonstrated that rare earth elements can be successfully leached, recovered, and precipitated from solution via in-situ recovery (ISR) at Ema, exceeding our expectations on all fronts. This represents a major technical and operational milestone and a critical step in de-risking the project.
It confirms that ISR can reliably mobilize and extract rare earths under real-world field conditions, positioning the Ema Project as a transformative development in the global rare earth supply chain— delivering high ESG performance and sustainable extraction practices.”
“We now look ahead to completing the current field trial program, initiating the feasibility study, and progressing key workstreams including permitting, financing, and offtake negotiations.
Ema remains uniquely positioned outside Southeast Asia as the only known rare earth project capable of operating via ISR with exceptionally low capital and operating costs. The February 2025 Scoping Study highlighted Capex of just US$55M and Opex of just US$6.15/kg TREO whilst able to produce 4,800tpa of TREO or 1,800tpa of key magnet elements in a mixed rare earth carbonate product.”
Click here for the full ASX Release
This article includes content from Brazilian Critical 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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15 April
Dalaroo Prepares Maiden Work Program for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to provide an update on planned activities at the Blue Lagoon Project in Greenland.
Highlights
- Dalaroo has advanced planning for upcoming maiden field season at the Blue Lagoon Zr- Nb-REE project, Greenland. Field work will be conducted towards the end of June 2025.
- A program of auger drilling, stream sediment and soil sampling and reconnaissance mapping and sampling has been designed to follow up on historical highly anomalous values returned in a regional stream sediment program undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium in 1979 (refer to ASX release 20th Feb, 2025).
- No follow-up work on these results has ever been reported on the tenement.
- Dalaroo has secured the services of highly respected and experienced Greenland geologist Ole Christiansen, who has been instrumental in the modern development of metals in Greenland, including Critical Metal’s (NASDAQ: CRML Critical Metals Corp) Tanbreez project.
- The Blue Lagoon Project has similar geochemical anomalous footprint to the Kvanefjeld (ASX: ETM Energy Transition Metals) and Kringlerne/Tanbreez multi-element deposits in South Greenland, showing enrichment in critical minerals and high value LREE elements from regional stream sediment sampling. These projects are all hosted within the south- west north-east trending Gadar alkaline intrusive province where Blue Lagoon Is also located.
- US administration has continued to show considerable interest in Greenland, highlighting the importance Greenland has for critical metals and their ownership.
- Auger drilling to sample alluvial and colluvial material will form a key part of the program. In situ weathering of the alkaline granite might provide bulk tonnage options from beach- like deposits, providing potential low-cost options for mining and separation. Characterising these deposits geochemically is the first step of the evaluation of this potential.
Dalaroo Metals MD & CEO, Mike Brown commented “We are excited to have advanced a maiden field program at Blue Lagoon, and also secured the services of renowned Greenland geologist Ole Chistiansen. Auger drilling of weathered granite areas will be a key objective of the program. Stream, soil and rock chip sampling and prospecting over the tenement will complete the program. This should provide the first insight into the potential of the project to host heavy mineral sands type deposits of strategic metals and REEs. Placer deposits have obvious benefits on the cost of mining. With the Project being located on the coast with ice free water we are looking forward to getting onto the ground to commence exploration activities in June and report results when in hand.”
Figure 1: Project location, GEUS regional stream sediment location and neodymium assay results
The large and highly anomalous zirconium, niobium and REE geochemical anomalies over the Project area provides a compelling multi-commodity exploration target. The Vendor has identified the presence of potential bulk tonnage ‘placer’ type deposits from in-situ weathered granite. This is characterised by highly anomalous LREE and Nb signature, which is very similar to the geochemical signature that coincides with 3 other significant REE deposits in South Greenland associated with Gadar Block alkaline intrusives. The Company is looking forward to reporting the results of the work program as they come to hand.
Click here for the full ASX Release
This article includes content from Dalaroo Metals 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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26 March
High-Grade Discoveries Enhance Scale of Pelé Project
Brazilian Rare Earths Limited (ASX: BRE) (OTCQX: BRELY / OTCQX: BRETF) is pleased to report the results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.
New discovery of high-grade REE-Nb-Sc-Ta-U mineralisation
- High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO:
- NdPr: 23,217 ppm | DyTb: 938 ppm | Nb2O5: 5,011 ppm | Sc2O3: 381 ppm | Ta₂O₅: 248 ppm | U3O8: 1,100 ppm
- High-grade REE-Nb-Sc-Ta-U from shallow depths (~20 m) extending to vertical depths of ~70 m
- Drillhole TG1DD0004 returned 29.8 m of a cumulative downhole mineralisation, including 15.3 m at 9.1% TREO from 25.6 m depth, with grades of:
- NdPr: 15,617 ppm | DyTb: 692 ppm | Nb₂O₅: 1,861 ppm | Sc₂O₃: 231 ppm | Ta₂O₅: 94 ppm | U₃O₈: 754 ppm
- Auger drilling continues to discover extensive, near-surface horizons of high-grade monazite sands, with grades of up to 7.9% TREO and assays of up to 11,681ppm NdPr and 580 ppm DyTb
Pelé Target 1 discoveries extend high-grade mineralised trendline to 10 km
- Pelé is confirmed as a major district-scale rare earth exploration project located ~60 km southwest of BRE's Monte Alto project in Bahia, Brazil, and covers an exploration area over 60 times larger than Monte Alto
- Recent exploration has focussed primarily on Pelé Target 1 – one of five large exploration target areas within the larger Pelé Project area – delivering new discoveries of high-grade rare earth outcrops with grades of up to 17.7% TREO and high-grade monazite sands with grades of up to 8.5% TREO
- New outcrop discoveries of high-grade REE-Nb-Sc-Ta-U mineralisation significantly extend the mineralised strike at Pelé Target 1 to over 10 km
- Brazilian Rare Earths now controls three major confirmed projects - Monte Alto, Sulista and Pelé – each demonstrating significant diamond drill intersections of high-grade REE-Nb-Sc-Ta-U mineralisation
Figure 1: Pelé project location and relative size 1
The Pelé Project is hosted within the Volta do Rio Plutonic Suite, a large-scale magmatic system that extends over 180 km in Bahia, Brazil. Brazilian Rare Earths has confirmed the exploration potential of the province with multiple discoveries of ultra-high-grade mineralisation, including rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U).
Pelé Target 1 has the largest expanse of weathered REE-Nb-Sc-U outcrops discovered since exploration commenced at the Rocha da Rocha rare earth province. New geological mapping, 75 line-km of ground gamma stations and 162 new outcrop samples highlights that REE-Nb-Sc-Ta-U mineralisation repeats along eastern and western limbs of a regional structural fold that now extends over 10 km at the project.
Successful diamond drilling at Pelé Target 1
The new drilling results are from 10 diamond core holes totalling 901 metres and 100 auger drill holes totalling 1,095 metres. Assays are pending for a further 19 auger holes totalling 243 metres.
High-grade, hard rock REE-Nb-Sc-Ta-U mineralisation was intersected from shallow depths with assay grades of up to 13.5% TREO. High grades of neodymium and praseodymium were recorded, with grades up to 23,217 ppm NdPr, as well as high grades of dysprosium and terbium of up to 938 ppm DyTb.
Figure 2: Pelé Target 1 significant intercepts in auger and diamond drill holes. Results from recent outcrop samples shown right (yellow)
Click here for the full ASX Release
This article includes content from Brazilian Rare Earths, 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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26 February
Ema Rare Earths Scoping Study Confirms Potential for Ultra Low CAPEX and OPEX Project, Showing Strong Financial Returns at Current Commodity Prices
Brazilian Critical Minerals Ltd (BCM or the Company) (ASX: BCM) advises of completion of a Scoping Study on its 100%-owned EMA Rare Earths Project (Ema Project) in southeastern Amazonas, Brazil.
The Scoping Study was completed utilising industry recognised experts in the Australian engineering group, Ausenco Pty Ltd (Ausenco), to assist with engineering and process flowsheet development, capital and operating costs as well as pre-tax financial modelling.
Brazilian GE21 completed the mineral resource estimation (MRE) and supervised the large drill program during 2024. The Australian Nuclear Science & Technology Organisation, ANSTO, was engaged for metallurgical work development from leaching recoveries, impurity removal, precipitation and final product MREC production, whilst international engineering group, WSP, were contracted for hydrogeological development, modelling and well field design.
SCOPING STUDY HIGHLIGHTS
- Sustained, operating scale: 4,800t pa of TREO production (average LOM) within a high-grade (55.3%) final MREC
- Unit cash operating costs of US$6.15/kg LOM TREO: Industry low TREO Opex
- Unit cash operating costs of US$16.95/kg LOM NdPr: Industry low NdPr Opex
- Pre-production capital cost of US$55M (inclusive of 35% contingency): Industry low capital requirement to produce MREC in Western world
- Post-tax NPV8% of US$498M: at LOM prices of US$74/kg NdPr
- Post-tax IRR of 55%: payback period calculated to 28 months
The Scoping Study incorporates the recent Ema Project mineral resource upgrade1 into the mine schedule to drive project simplification, permitting efficiency and development fast-tracking. It also incorporates capital and operating cost estimates. All other key input parameters were developed from first principal calculations and assumptions from existing referenced operations and were applied to the Scoping Study.
The Scoping Study delivers a post-tax NPV8% (US$498M), driven by producing a high-value mixed rare earth carbonate (MREC) product, low capital costs, minimal product extraction costs, simple low-cost processing infrastructure through a long-life Mineral Resource. This Scoping Study places the Ema Project as the western world’s lowest cost Rare Earth Project producing an MREC amenable for downstream processing.
Click here for the full ASX Release
This article includes content from Brazilian Critical 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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19 February
Dalaroo Secures Option on Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to advise that it has entered into a binding heads of agreement (“Agreement”) with Ox Resources Pty Ltd (“Vendor”) to potentially acquire the Zr-Nb-REE Blue Lagoon Project (tenement MEL 2022-07) (“Project”) located in the Gadar Province of South Greenland (refer Figure 1 and 3). The Project has been historically sampled as part of a regional stream sediment program undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium exploration in 1979.
Highlights
- Binding Heads of Agreement executed for an Option to acquire 100% of Blue Lagoon Zirconium-Niobium-Rare Earth Element (REE) Project, (MEL 2022-07), located in the Gadar Province of Greenland.
- The USGS reports Greenland has the third highest reserves of REE in the western world, following US and Australia respectively, which has significance given current geopolitical dynamics and security of supply chain concerns.
- President Trump’s recent interest in Greenland as a source of critical resources and its strategic location highlights the growing importance Greenland has for critical metals and their ownership.
- The Project has been historically sampled as part of a regional stream sediment exploration undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium in 1979. Dalaroo is planning a program of systematic exploration to seek to report the historical results on the Project in accordance with the JORC Code 2012.
- Project has similar geochemical anomaly footprint to the Kvanefjeld (ASX: ETM Energy Transition Metals) and Kringlerne/Tanbreez (NASDAQ: CRML Critical Metals Corp) multi- element deposits in South Greenland, showing enrichment in critical minerals and high value LREE elements from regional stream sediment sampling:
- Up to 0.93% Zirconium (Zr)
- Up to 320 ppm in Niobium (Nb)
- Up to 520 ppm in Neodymium (Nd)
- Sampling has not returned any elevated radioactive elements, which is significant given the current Greenland Government ban on any activities related to mining if uranium concentrations are over 100ppm.
- Project sits on the westernmost part of the highly prospective Gadar Block alkaline intrusives belt in SW Greenland. This belt hosts significant advanced critical metals-REE deposits.
- Project area contains potential bulk tonnage options from beach-like deposits of weathered granitic rock, providing potential low-cost options for separation and the planned focus for preliminary work.
Dalaroo MD & CEO, Mike Brown commented “We are very excited to have secured this Option on the Blue Lagoon REE-Nb-Zr Project in Southwest Greenland. Regional stream sampling has indicated significant LREE anomalies and other critical metals that have both similar tenor to the geochemical footprint and geological setting of three other REE deposits in South Greenland. We see this as a strategic play on two levels; firstly, exposure to high demand commodities such as REE, niobium and zirconium and secondly, exposure to a highly prospective and unexplored jurisdiction that is getting significant attention with respect to the vital role Greenland could play in providing critical metals in the future. With the Project being located on the coast with ice free water we are looking forward to getting onto the ground to commence exploration activities.”
Figure 1: Project location, GEUS regional stream sediment location and neodymium assay results.
Click here for the full ASX Release
This article includes content from Dalaroo Metals 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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