Top Company Exploration Targets for 2024You will not believe the...

Top Company Exploration Targets for 2024
You will not believe the opportunity for number 2.

Number 4
Mt Mansbridge

The company has (very quietly) held part of the formation for some years, with ongoing early work suggesting "numerous HRE geochemical anomalieson unconformities and vein systems". The company has "completed soils program over magnetic feature under unconformity". "Encouraging results have been received" with the "exploration team needs to ground check before announcing."

The entire formation has recently been claimed (excluding a small unavailable area at the very west).

Coming in at Number 3...
Eastern Tanami

A wild card entry makes its' way straight in at number 3.

Recently applied for (ie. not currently granted) comes "a 5km wide bulls eye magnetic anomaly in the Tanami Region in [the] Northern Territory". Little is known about the current area with some decades ago searching for shallow gold exploration in the region not coming up with much. The company's first foray into the NT. One to watch out for over the coming year or two.

And at number 2...
Cummins Range

This year finally (finally) brings us some new area exploration. Finally. There has been some earlier exploration of the immediate Cummins Range resource area with some stuff found. Keep an eye out for the different from current resource geophysics (not well illustrated here) to open other mineralisation opportunities, eg. copper.

Hoping for a large RC program of drilling here this year.

And now, the top company exploration prospect.

Red Dragon
Before we begin, if you are from the Company reading this, change the name. "Red Dragon" was named by the former tenement holder for a southern part of this tenement that was prospective for gold and RE. You need a fresh start with a fresh name - the current one has geopolitical influences (that seemingly the AU RE field is trying to move away from) and there is no guarantee that the what's there is actually RE. I like Plumridge - named after the nearby "Plumridge Lakes".

I've written about this extensively elsewhere - https://hotcopper.com.au/threads/introducing-rarex%E2%80%99s-major-new-system-near-tropicana-sunrise-dam-and-mt-weld.7554769/, so you can look at that.

It's possibly the most exciting exploration prospect in the country and we finally get some first exploration of it in the coming months. Current understanding offers highest likelihoods of RE and/or gold.

The mineralisation is likely at depth but it's big, very big. Given the drilling that would be required to get to a theoretical resource - diamond, deep, lots of it, I would not be surprised if there was one day a large partner lingering about. Hopefully the company can hold most of it and not give away anything before there is some confidence as to what's going on - which may only be certain following a (large) first program of diamond drilling across the most prospective areas of the holding.