Neighbouring REE explorers a proverbial stone’s throw from...

Neighbouring REE explorers a proverbial stone’s throw from Hastings (about 25km) is Dreadnought Resources (ASXRE) with its Yin discovery at the Mangaroon project, which contains “significantly higher” NdPr as a fraction of the rare earth oxides than most other rare earth element (REE) deposits globally.Neodymium and praseodymium (NdPr), which are hosted in a rock type called carbonatite, are two REEs used in permanent magnets for electric vehicles and wind turbines – markets that are expected to drive a more than doubling in demand by 2030.In July last year, shares in the advanced explorer went flying after thick intersections of up to 35m at 2.75% TREO from 94m confirmed the Yin ironstone as a high-grade rare earths discovery.The company believes the Yin complex is analogous to Hasting’s Yangibana, set to come online next year, and is continuing with infill resource drilling where results have returned the highest NdPr:TREO ratios seen to date from three new discoveries with a combined ~2.5km strike length.
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