PEK 9.30% 19.5¢ peak rare earths limited

Cant believe you posted that.Just what is there not to like...

  1. 1,725 Posts.
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    Cant believe you posted that.
    Just what is there not to like about this announcement.
    I see great potential here.

    "Assays demonstrate extensive high-grade fluorspar mineralisation across entire
    ~3.7km Breccia Zone extent"

    "Overall prospectivity of the Breccia Zone further enhanced by significant rare earth
    mineralisation within northern trenches",

    "Fluorspar is an increasingly critical commodity and a key input mineral into green
    energy and transition technologies"

    “We are extremely excited by the Breccia Zone assay results. The fluorspar intercepts are
    very high-grade relative to other global fluorspar projects and the Breccia Zone has the
    potential to be a globally significant fluorspar deposit. The rare earth mineralisation
    intercepted in the northern trenches is also very encouraging. We remain of the view that
    the Ngualla deposit can support a world-class, multi-commodity and multi-generational
    project.”

    "In the northern area, approximately 2km to the northwest, all three trenches returned wide
    zones of high-grade rare earths in addition to the fluorite"

    "All drilling related to the Breccia Zone has now been completed including 10 RC holes for
    755 metres and 2 DD holes for 211 metres. Drill samples are currently being assayed at the
    Nagrom lab in Perth with results anticipated during the March Quarter. The results from the
    drilling undertaken within the Breccia Zone will further define the extent and depth of fluorite
    and rare earth mineralisation within the area.
    Assay results for the remaining 31 RC drill holes from the Northern Zone are also expected
    during the March Quarter. The Northern Zone remains highly prospective for a range of
    critical commodities including niobium, phosphate and rare earths"

    "Fluorspar is an increasingly critical global commodity given its role in a range of important
    industrial, green energy and high-tech applications. Along with rare earths, fluorspar is one
    of only a few minerals with critical mineral status in China, the United States and the
    European Union and is also deemed a critical mineral in Canada, Japan and Australia."

    "Global fluorspar production is highly concentrated with ~90% of global production coming
    from four countries. Whilst China is the world’s largest fluorspar producer, it is also a net
    importer given the growth of its downstream fluorochemicals industry. Similarly, the
    European Union and United States have prominent fluorochemical sectors and are
    significant importers of fluorspar feedstock"
 
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