A reminder from stock h e a d that mtm are not flying blind at East Laverton:Shares in MTM are up 25% for the month and soaring this morning after hitting widespread, shallow total rare earth oxide (TREO) mineralisation during its latest aircore drilling program at the East Laverton Project.
Highlights from the drilling campaign at the Pt Kidman prospect include 15m at 1,461ppm TREO from 21m, 5m at 1,790ppm TREO from 27m, and 6m at 1,493ppm TREO from 12m.
“The mineralised saprolitic clay horizon shows continuity over a significant area and only a small fraction of the overall target area has been tested,” MTM managing director Lachlan Reynolds said.
“Elsewhere, surface samples and historical drilling results indicate that there is substantial additional potential for zones of clay-hosted rare earth mineralisation.”
Planning and permitting is underway for further drilling with these results suggesting the Pt Kidman prospect is an exciting opportunity that could evolve into a new critical minerals deposit of importance.
Regards
DD
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Last
59.0¢ |
Change
-0.045(7.09%) |
Mkt cap ! $272.4M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 63.5¢ | 59.0¢ | $5.152M | 8.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35198 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| MTM (ASX) Chart |