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Initial Assays Confirm High Grade Primary Rare Earth and Niobium Mineralisation at Cummins Range


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