Summary of the annnouncement:
DevEx Resources has made a groundbreaking discovery at its Kennedy Project, confirming the presence of significant rare earth elements (REEs) in surface clays. The company's wide-spaced reconnaissance drilling results have revealed high-grade magnet rare earth elements, including Terbium and Dysprosium. Furthermore, favorable metallurgical tests demonstrate rapid recoveries of REEs using a low-consumption acid solution. These findings indicate the immense potential of the project, which has only been explored in a small portion of the vast Target Regolith. DevEx plans to conduct further drilling to fully evaluate the scale of this exciting discovery. The emergence of Ionic Adsorption Clay REE deposits as a credible source of highly sought-after REEs is expected to create significant hype, especially in the energy transition sector.
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