Meeka Metals Estimates High-Grade Rare Earth Resource at Circle Valley

THE DRILL SEARGENT: Meeka Metals (ASX: MEK) reported an initial rare earth Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Circle Valley project in Western Australia.

Meeka Metals has estimated a Mineral Resources of 98 million tonnes at 890ppm total rare earth oxide (TREO) for Circle Valley project.

The Mineral Resource has a high neodymium/praseodymium (NdPr) to TREO ratio of 25 per cent, containing 21,560 tonnes of high value NdPr metal.

Meeka Metals indicated this to be the first rare earth Mineral Resource reported for Circle Valley adding its belief that strong potential for growth exists with shallow high-grade mineralisation trending northwest and remaining open in that direction.

“This initial high-grade Mineral Resource at Circle Valley is a commendation of the diligent work by our team in identifying and then executing on the rare earth opportunity, moving from concept to Mineral Resource in under 24 months,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“The Mineral Resource is reported entirely within an optimised pit shell and supported by metallurgical and economic assumptions from our ongoing test work, ensuring it is a valuable, shallow, high-grade Mineral Resource.

“Results from the most recent phase of 2023 drilling also show the high-grade mineralisation trends northwest and remains open in that direction, providing a compelling growth target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE