Thick, high-grade mineralisation in first diamond hole confirms outstanding upside in the primary zone.
Highlights
Significant primary mineralisation confirmed in diamond drill-hole CDX007, which returned an outstanding intercept of: - 34.6m at 1.3% TREO and 0.4% Nb2O5, including 3.6m at 2.5% TREO and 0.7% Nb2O5 within an overall zone of 61.4m at 1% TREO and 0.3% Nb2O5
Reverse Circulation (RC) drill-hole CRX0066 intersected two wide breccia zones with significant rare earths mineralisation, returning an intercept of: - 40m at 1.8% TREO and 0.3% Nb2O5, including 13m at 3.1% TREO and 0.4% Nb2O5
Below this zone was a further wide zone comprising: - 31m at 1.4% TREO and 0.4% Nb2O5, including 3m at 3.3% TREO and 0.3% Nb2O5
Attractive economic drivers in the primary zone - Neodymium-Praseodymium (NdPr) ratio in the primary zone is the same as in the weathered and is up to 24% NdPr comparable with the Mt Weld deposit also in Western Australia - Niobium grade of 0.4% Nb2O5 is twice the current resource grade and comparable with other known deposits such as the Niobec Mine in Quebec, Canada
Deeper hole, CDX0016, has intersected multiple stacked lenses, all with massive to disseminated rare earths as monazite
Further assays expected to come over the next two months