The results for TREO (Total Rare Earth Oxides) at the Redlings project seem promising. The drilling highlights show significant mineralisation, with multiple intercepts returning TREO grades over 1,000 ppm, and even peaks up to 5,850 ppm in some drill holes.
Here are some key findings:
1. Ten holes returned intercepts greater than 1,000 ppm TREO, with several near-surface intercepts reaching up to 5,850 ppm TREO
2. Magnetic Rare Earth Elements (MREE, which include dysprosium, neodymium, praseodymium, and terbium) made up to 35.7% of the TREO content, with an average of 19.25%. These elements are critical for high-tech applications like magnets.
3. Mineralisation starts at the surface, and in several cases, it extends for significant lengths, such as 15 meters at 1,273 ppm TREO.
These results indicate potential economic viability, though further analysis and additional drilling results will help to define the resource's full extent and confirm the project's feasibility.
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MQR Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
