The Conversation (0)
January 19, 2025
Vital Metals Limited (ASX: VML) (“Vital”, “Vital Metals” or “the Company”) is pleased to report an updated Mineral Resource estimate (“MRE”) for the Tardiff Upper Zone (“Tardiff”), part of the Nechalacho Rare Earths Project (the “Project”), located in Northwest Territories (NWT), Canada.
Highlights:
- New Tardiff MRE total resource tonnage (across all categories) of 192.7 million tonnes at 1.3% total rare earth oxide (TREO), containing 2.5Mt TREO.
- Tardiff is estimated to contain 636,000 tonnes of NdPr (neodymium oxide + praseodymium oxide).
- Incorporating all the latest drilling data this new estimate, compared to the April 2024 MRE, delivers:
- 70% increase in reported tonnes in the Indicated Resource category;
- 56% increase in reported tonnes in Measured + Indicated Resource categories;
- 2% increase in contained NdPr;
- Niobium (Nb2O5), hosted within the same geological formations hosting the rare earth mineralisation, reported for the first time.
- Current MRE is reported above a 0.7% TREO cutoff grade instead of a metal equivalent value previously used.
- Vital is using the updated Tardiff MRE as the basis for a Scoping Study to examine the size and scalability of future production scenarios. This is expected in the coming weeks.
The current MRE follows Vital’s completion of resource definition drilling program at Tardiff in 2023, totalling 74 holes for 6,664m, which returned high-grade results up to 8% TREO.
The current MRE features a total resource tonnage (across all categories) of 192.7Mt grading 1.3% TREO and 0.3% Nb2O5, containing 2.52Mt TREO including 636,000t of NdPr.
Vital Managing Director and CEO Lisa Riley said:“Our updated MRE for the Tardiff deposit shows increased confidence in the deposit, with a 70% increase in the Indicated Resource tonnages and a 56% increase in the Measured + Indicated Resource tonnages compared to our April 2024 historical MRE, while our Inferred Resource tonnages have decreased by more than 20%. While our overall totals of contained TREO and NdPr have only slightly increased on the April 2024 historical MRE, based on the drilling we completed in 2023, we now have more confidence that this is a truer representation of what this deposit holds.
“The current MRE is the final piece awaited for inclusion in our Tardiff Scoping Study, which is now due for delivery in the coming weeks.”
Vital VP Exploration Natalie Pietrzak-Renaud:“The positive changes to the current MRE compared to the April 2024 historical MRE is largely based on the inclusion of the 2023 drill results, the 2024 metallurgical test results we obtained from our 2023 collected composite Tardiff sample, and the carefully considered metrics we used as inputs. Our approach is to establish outputs that are realistic pathways for project development. With the work we completed on the MRE and the forthcoming Scoping Study, we have, and continue, to build a solid foundation of data and knowledge to advance our project.”
The Tardiff MRE is reported within an optimized open-pit shell using Studio NPVS from the Datamine Suite. The optimized pit shell was generated using a 45° maximum final pit wall, and a 150m RL lower pit limit.
Tardiff contains rare earth element (“REE”) and Niobium mineralisation hosted within a nepheline syenite intrusion. Recent metallurgical test work indicates strong potential to produce neodymium oxide (Nd2O3) and praseodymium oxide (Pr6O11), which are light rare earth oxides (LREO) with magnetic properties and are in demand due to their use in technologies such as high-strength magnets, aircraft engines, and various industrial and electronic applications. The recent metallurgical test work also indicates an opportunity to further investigate and advance the potential opportunity to recover niobium minerals from Tardiff ore. Niobium is in demand due to its low oxidation point and relatively high melting point. It is used as an alloy in aeronautic engines, electronic applications (due to its superconducting properties) and as an additive to lithium-ion batteries to enhance battery life.
The current MRE represents a significant increase in reported tonnes in the Indicated Mineral Resource category in comparison to the historical MRE completed in April 2024 and a decrease in reported tonnes in the Inferred Mineral Resource category. The current MRE is also reported above a 0.7% TREO cutoff grade instead of a metal equivalent value as previously used.
Click here for the full ASX Release
This article includes content from Vital 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.
02 June
Eclipse Metals Unveils Transformational 89MT Rare Earths Resource Increase at Grønnedal
Eclipse Metals Limited (ASX: EPM) (Eclipse or the Company) is pleased to announce a significantly increased Inferred Mineral Resource of 89 million tonnes at a grade of 6,363 ppm Total Rare Earth Oxides (TREO) at the Grønnedal REE deposit, part of the Company’s wholly owned Ivigtût multi-commodity critical mineral project in southwest Greenland.
Highlights
- The inferred Mineral Resource Estimate (MRE) has increased to 89 million tonnes at a grade of 6,363ppm TREO, containing 567,600 tonnes TREO, using a 2,000ppm TREO cut-off.
- This represents a more than 70-fold increase, significantly enhancing Grønnedal’s scale, strategic value, and resource potential.
- The increased MRE incorporates analytical data from six diamond drill holes.
- With an average grade exceeding 6,000ppm (0.65%)TREO, the MRE positions Grønnedal amongst the highest-grade rare earth elements (REE) deposits globally.
- Notably, individual samples returned TREO values above 2%, including high concentrations of key magnetic REE such as: neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb).
- The mineralisation remains open in all directions, reinforcing Grønnedal’s strong resource potential.
- The resource represents a small fraction of a large carbonatite intrusive defined by surface mapping, sampling, and electromagnetic surveys, with indications of continuous mineralisation from the surface to depths exceeding 500 meters.
- The MRE reinforces a compelling upside case for development, strategic investment and long-term value creation.
Commenting on the transformational 89 Mt resource increase, Eclipse Metals Executive Chairman Carl Popal said:
“This is a transformational milestone for Eclipse and positions the Grønnedal REE deposit as a globally significant rare earths project. With 89 million tonnes now defined, and evidence suggesting we are only scratching the surface, Grønnedal REE has the scale and grade to become a cornerstone asset in global efforts to secure independent critical mineral supply chains. The MRE includes data from six deep historic diamond drill holes, all of which ended in mineralisation, indicating that the mineralisation potentially extends well beyond the current resource limits.
“Given the current geopolitical context and growing demand for clean energy technologies, we are fast-tracking plans for further drilling to delineate the broader potential of the Grønnedal carbonatite. As a small company entering a much larger strategic arena, we remain focused on delivering value to shareholders and progressing responsibly, with discipline and transparency.”
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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20 May
Lynas Becomes First Heavy Rare Earths Producer Outside China
Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF) said on May 16 that it has produced dysprosium oxide (Dy) at its facility in Malaysia, becoming the first commercial heavy rare earths producer outside of China.
Called Lynas Malaysia, the plant commenced production in 2012 and is located in the Gebeng Industrial Estate near the Port of Kuantan. Its heavy rare earths separation circuit was commissioned in the March quarter.
"The production of this on spec Dy is a significant step for supply chain resilience and provides customers with the option of sourcing product from an outside China supplier," said Lynas CEO and Managing Director Amanda Lacaze.
"Lynas is now the world’s only commercial producer of separated Heavy Rare Earth products outside China," she continued, adding that this distinction uniquely positions the company to help diversify heavy rare earths supply.
Lacaze noted that currently the company is engaged with customers in Japan, the US and Europe.
Dysprosium oxide is produced at Lynas' plant in Malaysia. Video via Lynas TV.
The plant's first dysprosium was produced on schedule, and first terbium output is expected in June.
The company said in its latest quarterly report that pricing for its new heavy rare earths products is expected to reflect high demand for these products outside China, and not the market index based on transactions in China.
Lynas also said it is expecting rare earths market volatility to continue through the June quarter as a result of the new global tariff environment and Chinese export controls. China placed export controls on seven rare earths on April 4, and although the country lifted some restrictions last week, it will reportedly continue to block exports of those elements.
In addition to its Malaysian rare earths processing facility, Lynas has a rare earths processing facility in Kalgoorlie, Western Australia, and is building a new rare earths processing facility in Texas, US.
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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13 May
3 Best-performing Canadian Rare Earth Stocks in 2025
Rare earths are important for many of today's technologies and tomorrow's carbon-free economy.
Investors may not be very familiar with the metals individually, but the group of elements is found in technology all around us, commonly in the form of rare earth magnets, which are used in everything from electric vehicles to smartphones to wind turbines. As technology continues to advance, they are expected to remain in high demand.
The 2025 rare earth market is navigating a volatile yet strategically critical phase shaped by supply concerns, demand fluctuations and intensifying US-China trade tensions.
Rare earth metals demand continues to be driven by uses such as clean energy technologies — particularly permanent magnets used in electric vehicles and wind turbines — as well as defense and electronics industries. However, global consumption forecasts for rare earth magnets have been revised downward slightly, with expected year-over-year growth in 2025 easing from 9 percent to around 5 percent as macroeconomic uncertainties weigh on manufacturing and industrial activity.
On the supply side, China's influence remains significant, accounting for over 50 percent of the world’s refined rare earth output. Beijing’s latest round of export controls on the strategic minerals, made in response to high tariffs enacted by US President Donald Trump, has intensified concerns about global supply chain vulnerability.
These measures have especially impacted US and European manufacturers, prompting renewed efforts to diversify supply, invest in recycling technologies and accelerate domestic production projects.
In response to China’s rare earth export measures, the Trump administration initiated a Section 232 national security probe into the rare earth supply chain in April 2025. The uncertainty has sparked renewed interest in miners, producers and refiners.
Here the Investing News Network looks at the Canadian rare earth metals companies on the TSXV that have had the biggest share price gains over the past year. Stocks with market caps above C$10 million were considered. TSX- and CSE-listed rare earth stocks were considered, but did not make the cut this time. This top Canadian rare earth stocks list was compiled using TradingView’s stock screener, and data was gathered on May 6, 2025.
1. Ucore Rare Metals (TSXV:UCU)
Yearly gain: 173.97 percent
Market cap: C$147.88 million
Share price: C$2.00
Founded in 2006, Ucore Rare Metals is a rare earth element processing and exploration company with operations in the US and Canada.
Following its 2020 acquisition of Innovation Metals, the company is commercializing its proprietary RapidSX separation technology. Ucore plans to implement this system at its first commercial facility, the Strategic Metals Complex, in Louisiana, US. Additionally, the company continues to develop its Bokan heavy rare earth elements project in Alaska, US.
In January, Ucore received C$500,000 from the Government of Ontario, Canada, as part of the provincial Critical Minerals Innovation Fund. The REE processor plans to use the cash infusion use the cash infusion to advance improvements at its RapidSX commercial demonstration facility in Ontario.
A subsequent private placement of 3.6 million shares priced at C$0.60 each raised an additional C$2.16 million for Ucore.
In March, Pat Ryan, chairman and CEO of Ucore, commented on an executive order by President Trump to investigate the critical minerals supply chain.
“(The) executive order underscores the urgent need to establish robust, domestic rare earth processing capabilities,” he said. “As the US looks to onboard rare earth mineral projects, there is strategic merit in knowing that significant security can be established by first dominating the processing and refining.”
Shares of Ucore rose to a year-to-date high of C$2.02 on May 4, 2025.
2. Leading Edge Materials (TSXV:LEM)
Yearly gain: 127.78 percent
Market cap: C$47.57 million
Share price: C$0.20
Vancouver-based Leading Edge Materials is focused on developing three critical raw material projects located in the European Union. The portfolio includes the wholly owned Norra Kärr heavy rare earth (HREE) project and the Woxna Graphite mine in Sweden, the company also has a 51 percent stake in the Bihor Sud Nickel Cobalt exploration alliance in Romania.
In January, Leading Edge released its 2024 results, noting that in early December, the company applied to the Mining Inspectorate of Sweden for an Exploitation Concession 25-year mining lease for Norra Kärr.
A February project update outlined plans to start up and down steam pre-feasibility work at Norra Kärr during the second quarter.
“As part of the PFS, the company will evaluate the business case for a Rapid Development Plan (RDP), whereby Norra Kärr can be in production in the shortest possible timeframe to be supplying REE concentrates to the market in advance of the completion of the downstream processing facility and selling nepheline syenite,” the statement read.
Shares of Leading Edge hit a year-to-date high of C$0.30 on March 23, 2025, coinciding with news that the company was awaiting a decision on its application for Strategic Project status under the EU’s Critical Raw Materials Act.
A few days later, Leading Edge learned that Norra Kärr did not earn the designation; however, the company plans to reapply for Strategic Project status when a new round of submissions are requested.
3. Mkango Resources (TSXV:MKA)
Yearly gain: 87.5 percent
Market cap: C$117.46 million
Share price: C$0.30
Mkango is positioning itself to be a leader in the production of recycled rare earth magnets, alloys and oxides. The company holds a 79.4 percent stake in Maginito, which owns HyProMag, a firm focusing on rare earth magnet recycling in the UK.
Maginito also owns Mkango Rare Earths UK, which focuses on long-loop rare earth magnet recycling. Additionally, Maginito and CoTec are expanding HyProMag’s recycling technology to the US through their joint venture, HyProMag USA.
Mkango’s mineral assets include the advanced Songwe Hill rare earths project and a diverse exploration portfolio in Malawi, covering rare earths, uranium, tantalum, niobium and more. Its subsidiary Lancaster Exploration signed a mining development agreement with the Government of Malawi for Songwe Hill in June 2024.
Mkango is also developing the Pulawy rare earths separation project in Poland through its subsidiary Mkango Polska.
In January, Mkango’s wholly owned subsidiaries Lancaster Exploration and Mkango Polska signed a non-binding letter of intent with special purpose acquisition company Crown PropTech Acquisitions for a proposed business combination that would list on the NASDAQ. The deal would create a vertically integrated rare earths company that holds Songwe Hill in Malawi and the Pulawy plant in Poland.
Later in the month Mkango announced plans for HyProMag and Areera to partner with Inserma and Sweden’s RISE Research Institutes to develop automated sorting and pre-processing of speakers, creating a concentrated feed of NdFeB magnets for recycling. The company also raised C$4.11 million in late January to advance rare earth magnet recycling in the UK and Germany.
On March 25, the European Commission granted Mkango’s Pulawy rare earth separation project in Poland Strategic Project status under the Critical Raw Materials Act. The designation highlights the project's importance to EU supply chains and will streamline permitting while enhancing access to financing and support from EU institutions and potential offtakers.
Company shares reached a year-to-date high of C$0.41 on April 13, 2025.
FAQs for rare earth investing
What are rare earth minerals?
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.
How many rare earth elements are there?
In total there are 17 elements that make up the rare earths category, and they are split into light and heavy rare earths. 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.
Where are rare earth metals found?
In terms of both reserves and production, China is the frontrunner for rare earth metals by a long shot, with 44 million metric tons of reserves and 240,000 metric tons of production in 2023. However, Vietnam and Brazil also have significant reserves above 20 million MT. With regards to rare earth production, the US is in second place at 43,000 metric tons due to the Mountain Pass mine in California.
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.
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07 May
Results of Channel Sampling Program at Halleck Creek
American Rare Earths Limited (ARR:AU) has announced Results of Channel Sampling Program at Halleck Creek
07 May
US Policy Shift Sparks Renewed Interest in Rare Earths Stocks
Rare earths stocks are gaining renewed investor attention following recent US government policies that sharpen its focus on securing critical mineral supply chains.
In early 2025, the Trump administration signaled stronger commitments to reduce American reliance on China for rare earth elements (REEs) — especially those essential for defense, energy and advanced manufacturing.
This policy momentum is driving capital into companies positioned to support US supply chain independence, particularly those with innovative and scalable rare earths solutions.
The US Department of Defense, Department of Energy and the White House have all expressed mounting concern over the vulnerability of American industries due to China’s overwhelming control of REEs — over 90 percent of global rare earth magnet production. These magnets are essential for defense systems, robotics, electric vehicles (EVs) and artificial intelligence technologies.
Amid these concerns, the Trump administration has been advancing executive actions designed to fast track domestic production and processing capacity. During his first term in office, Trump signed Executive Order 13953, which addressed the threat of reliance on foreign adversaries for critical minerals and instituted support for domestic mining and processing industries.
As the trade war with China escalates, the US president doubled down on this agenda with a new executive order, issued in March 2025, invoking his wartime powers to strengthen the US critical minerals supply chain.
This series of policy moves has boosted investor enthusiasm for rare earth equities. MP Materials (NYSE:MP), the sole US-based rare earths miner, has seen its stock price climb approximately 70 percent year-to-date, pushing its market capitalization to over US$4 billion, buoyed by its strategic role in domestic production and recent policy endorsements.
Similarly, USA Rare Earth (NASDAQ:USAR), which went public in early 2025, saw a 70 percent surge on its Nasdaq debut and now holds a valuation near US$887.5 million, reflecting strong investor confidence in its plans to establish a comprehensive US rare earths supply chain.
These gains underscore the market's positive response to governmental efforts aimed at reducing reliance on foreign sources, particularly China, for critical minerals essential to defense and advanced technologies.
Challenges in traditional supply chains
China’s dominance in the rare earths supply chain — from mining to processing to final manufacturing — presents a critical vulnerability for the US, especially in sectors like defense, robotics and artificial intelligence.
NdFeB (neodymium-iron-boron) magnets, essential for everything from drones and EVs to missile guidance systems and fighter jets, are largely sourced or processed in China. While MP Materials mines rare earths in California, most refining still happens overseas, underscoring a lack of domestic downstream capacity. Adding to the challenge, traditional rare earths mining is environmentally damaging and slow to permit in the US.
This urgent need for supply chain independence is also driving interest in alternative approaches like recycling and domestic magnet production.
CoTec Holdings: Positioned for the next phase of rare earths independence
As the US intensifies efforts to secure critical mineral supply chains, CoTec Holdings (TSXV:CTH,OTCQB:CTHCF), with a modest market capitalization of approximately US$33 million, is emerging as a key player in developing domestic rare earth magnet recycling capabilities. Through a 50/50 joint venture with Maginito, CoTec is advancing HyProMag USA, a project aimed at establishing a rare earth magnet recycling and manufacturing facility in the Dallas-Fort Worth area of Texas.
HyProMag USA will leverage the patented Hydrogen Processing of Magnetic Scrap (HPMS) technology, originally developed at the University of Birmingham. This innovative process enables the efficient recovery of NdFeB magnets from end-of-life products and offers a low-cost, environmentally sustainable alternative to mining.
HyProMag’s "short-loop" process provides a faster and less complex approach compared to conventional chemical-based methods. By using hydrogen gas, magnets within electronic scrap are caused to fracture naturally with minimal pre-processing. The demagnetized material can then be sieved into powder form, which is re-pressed and sintered into new magnets — all while bypassing many of the environmental challenges and delays associated with mining and refining.
The Texas facility is projected to produce 750 metric tons of recycled sintered NdFeB magnets annually by 2027, potentially supplying up to 10 percent of US domestic demand within five years by tripling the capacity contemplated by the Feasibility Study released in November 2024.
To put this in perspective, CoTec’s market capitalization of just US$33 million is a fraction of its larger peers — despite its advanced development stage and the strategic importance of its recycling model. The project’s positive November 2024 feasibility study highlights robust economics, with a net present value of US$262 million at current prices and up to US$503 million based on projected pricing scenarios.
The project has garnered support from the Minerals Security Partnership, a coalition of governments including the United States, aimed at developing secure and sustainable critical mineral supply chains. A positive feasibility study released in November 2024 highlighted robust economics for the project, estimating a net present value of US$262 million at current prices, with potential to reach US$503 million based on forecasted prices.
By focusing on recycling and domestic production, CoTec Holdings is strategically positioned to contribute to the US goal of reducing reliance on foreign sources for critical materials, particularly in sectors vital to national security and technological advancement.
Weighing the risks and rewards in rare earths investing
Government backing, mounting geopolitical urgency and rapid demand growth for applications in defense, artificial intelligence, EVs and clean energy technologies all point to a strong long-term outlook for rare earths.
The US push to secure domestic rare earths supply chains is creating strong tailwinds for investors, but the sector remains nuanced. Major players like MP Materials have benefited significantly from early mover status and government support. Similarly, USA Rare Earth, which went public in early 2025, debuted with a valuation of US$887.5 million despite still being in pre-production stages.
By contrast, CoTec Holdings’ lower market cap offers investors a markedly different value entry point. Yet, CoTec is progressing at a faster pace than many larger peers, with a US-based rare earth magnet recycling facility already in advanced development.
This contrast reveals a significant value gap in the market. While larger rare earth equities may offer liquidity and visibility, companies like CoTec provide exposure to near-term production, strategic alignment with US policy goals and cutting-edge technology at a much lower valuation.
Of course, investors should weigh this potential against sector-wide risks. Rare earths production and processing are technically complex and capital intensive, often facing long development timelines and regulatory hurdles. Price volatility is another factor, as rare earths markets are relatively illiquid and can be impacted by sudden changes in global supply — particularly from China.
But for those seeking to participate in the reshaping of the US critical minerals landscape, companies that combine innovative models with accelerated development timelines may offer an attractive mix of upside potential and policy-driven support.
Investor takeaway
Informed investing in this space requires balancing optimism about macro-level trends with a clear-eyed view of execution challenges. As US policy continues to favor domestic rare earth development, the right players could see significant upside — especially those aligned with sustainable, scalable supply chain solutions.
Unlike traditional miners, CoTec offers investors exposure to a low-footprint, tech-enabled model that may be better aligned with future regulatory and environmental expectations. In an era of supply chain instability, companies that can quickly deploy domestic capacity without the long timelines of mine development may have a distinct advantage.
This INNspired article is sponsored by CoTec Holdings (TSXV:CTH,OTCQB:CTHCF). This INNspired article provides information which was sourced by the Investing News Network (INN) and approved by CoTec Holdingsin order to help investors learn more about the company. CoTec Holdings is a client of INN. The company’s campaign fees pay for INN to create and update this INNspired article.
This INNspired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with CoTec Holdings and seek advice from a qualified investment advisor.
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06 May
Dateline Resources Plans OTCQB Listing as US Rare Earths Interest Intensifies
Gold and rare earths company Dateline Resources (ASX:DTR,OTC Pink:DTREF) is keen to uplist to the OTCQB following strong interest in its California-based Colosseum project.
In a May 2 statement, the company highlighted US President Donald Trump's recognition of the asset.
“The Colosseum Mine, America’s second rare earths mine, has been approved after years of stalled permitting,” Trump wrote in an April 25 Truth Social update on his administration's achievements.
Trump's comment comes after the Department of the Interior said on April 8 that Colosseum can continue mining operations under its existing mine plan of operations with the Bureau of Land Management.
"The resumption of mining at Colosseum Mine, America’s second rare earth elements mine, supports efforts to bolster America’s capacity to produce the critical materials needed to manufacture the technologies to power our future," the bureau said at the time, highlighting the importance of reducing US reliance on China for critical minerals like rare earths.
Dateline said the Department of the Interior's confirmation prompted a surge in interest from North American investors.
"The Company’s shares currently trade in the U.S. under the OTC code DTREF, and the process to uplist to OTCQB has commenced," Dateline said, adding that this listing will be in parallel to its ASX listing.
“Dateline will continue to meet its ASX disclosure obligations, which will satisfy OTC market requirements under the established foreign listing exemptions,” the company also noted.
Located in the Walker Lane Trend in East San Bernardino County, California, the Colosseum gold-rare earths mine was acquired by Dateline from major miner Barrick Gold (TSX:ABX,NYSE:GOLD) in October 2021.
Using a cut-off grade of 0.5 grams per tonne gold, Colosseum has a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne gold for 1.1 million contained ounces of gold. In terms of rare earths, Dateline says Colosseum is "emerging as a project of national strategic importance" due to its potential to host these key commodities.
On Monday (May 5), the company said it has started preparing for a rare earths-focused drill program at Colosseum, with a detailed plan to be finalised within one month. The drill program will be carried out contemporaneously with Dateline's planned gold feasibility study for Colosseum.
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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