From St*ckh**d:
LANTHANEIN RESOURCES (ASX:LNR)(Up on no news)
LNR, previously named Frontier Resources, recently completed a $1.75m placement to fund upcoming drilling campaigns at its Gascoyne Rare Earth Elements Project as well as the the Murraydium Ionic Clay REE Project.
At the Gascoyne Project, drilling will focus on high-grade rare earth mineralisation discovered at outcropping ironstones and additional interpreted carbonatite intrusives and ironstones under cover.
It will also investigate high priority targets located within the Gifford Creek Carbonatite Complex, host toHastings Technology Metals’(ASX:HAS)world-class Yangibana Mineral Resource of 27.42Mt at 0.97% TREO and Dreadnought Resources multiple discoveries.
LNR’s Murraydium Project is in the southeastern region of Naracoorte in South Australia’s Murray Basin covering an area of 873km2.
The region is seeing a renewed focus for REE minerals with the success ofAustralian Rare Earths (ASX:AR3)at their Koppamurra Project, host to an inferred mineral resource of 39.9 Mt at 725 ppm TREO.
Ann: Lanthanein Completes $1.75M Placement, page-80
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