FYI...Other ASX juniors making ionic hay Up in the northeast of...

FYI...

Other ASX juniors making ionic hay

Up in the northeast of the country, Viridis Mining and Minerals (ASX:VMM) is pushing forward with its recently acquired Colossus IAC project, adjacent to Meteoric Resources’ (ASX:MEI) Caldeira project.

VMM, backed with a cornerstone investment in August last year by fellow ASX REE explorer Ionic Rare Earths (ASX:IXR), is laser-focused on the Alkaline Complex within the project area, where drilling from 109 augur holes has produced assays of up to 9447ppm TREO at the prospects’ western quarter.

Greenfields drilling and metallurgical work is continuing, with the mobilisation of an RC and diamond rig to other prospective targets at the tenure.

Next door, MEI’s 409Mt Caldeira project is a monster.

Still in the development stage, metallurgical testing is showing excellent percentages for leach extraction techniques of MREOs.

Then there’s recently listed Gina Rinehart-backed Brazilian Rare Earths (ASX:BRE) with ground in northeast Brazil which has a maiden JORC resource of 169Mt @ 1526ppm TREO.

Brazil has also piqued interest from Canadian explorers such as Aclara Resources with its Carina module resource in Goias State, which has shown an inferred grading of 1510ppm TREO from 201 augur samples across more than 1.6km.

Meanwhile, fellow Canadian Appia has doubled the number of mining claims of its PCH project, also in Goias, to more than 40,000ha, where initial exploration has shown high-grade TREO’s near surface.