Lanthanein (ASX:LNR) extends high-grade rare earth and niobium at Lyons

Lanthanein (ASX:LNR) extends high-grade rare earth and niobium at Lyons

August 31, 2023 0 By Rueben Hale

Lanthanein Resources infill drilling has increased the strike length of economic TREO mineralisation at both Lyons 12 and 13 prospects at its rare earth project in Westen Australia’s Gascoyne province.

The REE mineralised ironstones are analogous to Hastings Technology Metals nearby Simons Find, Frasers, and Bald Hill REE deposits.

Excitingly, there is potential for the resource to extend with strike remaining open as the Company works towards a Maiden Resource Estimation for the Project


“The REE results of this current round of infill drilling of the high-grade mineralised ironstones, which outcrop over 1.2km strike at Lyons 12 and 13, demonstrates the economic potential the prospect,” Lanthanein Technical Director Brian Thomas said.


Highlights

• LYRC135: 1m at 0.76% TREO and 1.22% Nb2O5 (45% NdPr:TREO)
from 33m
• LYRC138: 2m @ 0.57% TREO and 0.18% Nb2O5 (50% NdPr:TREO) from 14m
• LYRC141: 2m @ 0.66% TREO and 0.49% Nb2O5 (46% NdPr:TREO) from 51m
• LYRC140: 3m @ 0.36% TREO and 0.63% Nb2O5 (39% NdPr:TREO) from 34m
• LYRC133: 1m at 0.36% TREO and 1.09% Nb2O5 (42% NdPr: TREO) from 53m.

Next steps

Assays are pending on 53m of ferrocarbonatites under cover.

Kilometre scale potentially mineralised ironstones, both undercover and outcropping, are still to be drill tested.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MarketOpen is an online digital media and in person events business connecting companies and investors. Through its flagship MarketOpen.com.au and social media, MarketOpen cover breaking news on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange (ASX).

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Holly Walters
Accounts and Events Manager
holly@marketopen.com.au
+61 409 281 580

Subscribe

* indicates required