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Asra Minerals Reports Initial MRE for Yttria REE Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) reported its first JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Yttria rare earth element (REE) deposit.

Asra Minerals reported the MRE covers the first two kilometres of strike at the Yttria REE deposit that sits within its Mt Stirling project near Leonora in the Goldfields region of Western Australia.

The Yttria MRE has come in at 15 million tonnes at 490ppm total rare earth oxide (TREO) with 67ppm scandium oxide (Sc2O3), 55 per cent of which has been categorised as Indicated.

The MRE has a high ratio of 55 per cent heavy rare earth oxides (HREO) incorporating high value dysprosium (Dy) and terbium (Tb) rare earth oxides.

Asra considers the high ratio of 55 per cent heavy and 22.5 per cent magnet rare earth oxides boosts Yttria’s credentials as a well-studied deposit in a Tier 1 mining jurisdiction the company expects will expand as ongoing exploration and metallurgical work provides further detail on the controls on mineralisation and refinement in potential recoveries and methods of extraction.

Recently carried out phase one metallurgy found two potential pathways to extract REE at Yttria, with results, including magnet rare earth elements (MREO) extractions of up to 78 per cent.

“Our maiden MRE for the Yttria REE deposit is an exciting moment for Asra Minerals and our shareholders, placing us another step closer to delivering the critical minerals needed to charge global electrification,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“This MRE sits neatly within our extensive gold portfolio at Mt Stirling in the world-renowned Goldfields region, where we also hold a current gold JORC Resource of 152,000 ounces at 1.7 grams per tonne gold across the project.

“Our focus will now turn to progressively expanding and growing the REE resource at Mt Stirling and utilise these learnings for exploration activity at our nearby Kookynie West project, just south of Leonora.

“I look forward to providing further updates as we venture into this next phase of exploration across our multi-commodity portfolio in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Claims Golden Grove North REE Discovery

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THE DRILL SERGEANT: Venture Minerals (ASX: VMS) claimed discovery of “very high-grade” rare earth elements (REE) surface mineralisation at the Vulcan prospect within the company’s Golden Grove North project in Western Australia.

Venture Minerals reported recent results included several values over one per cent Total Rare Earth Oxide (TREO) ranging up to 12.5 per cent TREO with 5,460 ppm (0.55 per cent) Praseodymium Oxide (Pr6O11) and 14,575 ppm (1.46 per cent) Neodymium Oxide (Nd2O3).

The company said the new REE target had been supported by historic soil sampling that was originally focused on Volcanic Massive Sulphide (VMS) style mineralisation that was also assayed for two REEs being Lanthanum (La) and Cerium (Ce).

Recently completed soil sampling, from which the Total Rare Earth Elements (TREE) were analysed to confirm and define the new discovery.

“The discovery of Very High-Grade Rare Earth mineralisation at one of our VMS prospects at Golden Grove North, effectively doubles the company’s exposure to the Rare Earth space, as it follows our recent Rare Earth discovery at Mount Lindsay,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Clearly the company’s diverse portfolio of projects affords the unique opportunity for such discoveries, due to Venture’s strategic landholdings in areas with the potential to host multiple mineralised systems, consequently leading to a higher probability of exploration success.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.ventureminerals.com.au

 

Auroch Minerals Confirms Arden Rare Earths Potential

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THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has been investigating the REE potential at the company’s Arden project in South Australia.

Auroch Minerals currently has field exploration activities underway, with mapping, rock-chip sampling and the first phase of soil-sampling completed over priority areas it has identified as being highly prospective for REE mineralisation.

The first phase of soil sampling comprised 414 samples collected systematically over the Kanyaka and Hawker REE prospects, from which samples have been delivered to the ALS laboratory in Adelaide for an extended whole rock assay suite, with results expected in the first week of November.

Assays have been received for the nine rock-chip samples collected during the August field work producing encouraging results, including anomalous total rare earth oxide (TREO) results up to 362ppm, confirming the REE prospectivity at the Hawker and Kanyaka prospect areas.

“We are extremely pleased with how our REE exploration at Arden is advancing,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“In the space of only a few months we have been able to identify several areas that we believe have great potential to host significant REE mineralisation.

“The soil-sampling is part of the systematic approach to better define drill targets, and we look forward to receiving the results in early November.

“We continue to be buoyed by the exploration and metallurgical success of Taruga Minerals at their Morgan’s Creek REE prospect, which is only 25 kilometres to the east of our Hawker prospect in a similar geological setting.

“The planning for our maiden AC REE drill program is advanced, and we are on track to commence drilling before the end of the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurochminerals.com

 

 

Mamba Exploration Identifies Ashburton / Gascoyne REE Targets

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THE DRILL SERGEANT: Mamba Exploration (ASX: M24) reported identification of new rare earth element (REE) targets within the company’s Ashburton / Gascoyne project tenements located in the upper Gascoyne region of Western Australia.

Mamba Exploration identified the targets via reprocessing of Ashburton / Gascoyne regional radiometric data.

The reprocessing highlighted at least eight distinct anomalies within the project tenements.

“The Gascoyne has long been the ‘forgotten’ part of the mineral endowment of Western Australia,” Mamba Exploration managing director Mike Dunbar said in the company’s ASX announcement.

“Thanks to the recent discoveries in the region made by Dreadnought and Kingfisher, this has finally changed, and we are pleased that the potential is starting to be recognised.

“Our tenement package, which covers approximately 610 square kilomteres, was secured in 2020 as part of our IPO on the belief that the potential of the area could host significant discoveries, which appears to be being vindicated.

“We are pleased to announce that the reprocessing of the radiometric data has identified at least eight discrete anomalies that warrant follow up.

“As a result, the field team will be traveling to the project in the next few weeks with our pXRF to test these targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.mambaexploration.com.au