West Cobar (WC1) continue high grade REE promise at Salazar
March 1, 2023West Cobar Metals’ maiden drilling has returned up to 2626 ppm TREO at the Newmont and O’Connor REE clay prospects from its Salazar Clay Rare Earth Element Project, northeast of Western Australia’s southern coastal town of Esperance in Western Australia.
The phase 1 9342m program is intended to extend and infill the existing 43.5 million tonnes at the 1192ppm Newmont Deposit while also investigating potential mineralisation at the promising O’Connor licence area (E63/1469).
The latest high-grade results from 283 air core holes add to stellar assay grades as high as 10,963ppm TREO announced in February.
Results from the latest batch of assays (68 holes from the Newmont deposit)
- 15m of 1028ppm TREO1 from 17m in SZA027
- 15m of 1560ppm TREO from 13m in SZA032
- 7m of 2626ppm TREO from 18m in SZA055
- 11m of 1415ppm TREO from 8m in SZA063
$0.016“We continue to be highly encouraged by the assay results coming from the Salazar project, which still represent less than 35% of the total number of drill holes completed,” West Cobar Metals Non-Executive Chairman Rob Klug said.
“We are seeing significant thicknesses and REE grades extending outside the existing Inferred Resource at Newmont, which may be included in the Resource upgrade, to be undertaken once all the remaining assays are received.”
The remaining assays (175 holes from Newmont) are expected to be received during March 2023
Assay results will be integrated with the historical data with an Inferred Newmont Resource update expected during Q2 2023.
Rare Earth Elements Market
About West Cobar Metals
West Cobar Metals Limited operates as a minerals exploration company in Australia. It explores copper, lead, gold, silver, and base metals. The company holds interests in the Bulla Park project with four granted exploration licenses comprising EL 8642, EL 9195, EL 9281, and EL 9260, which covers an area of 518 square kilometres; the Mount Jack project with EL 8896 granted exploration license covering an area of 62 square kilometres; Cawkers Well with two granted exploration licenses, EL 9197, and EL 9260, which covers an area of 154 square kilometres; and Nantilla project with EL 9179 granted exploration license covering an area of 176 square kilometres. The company was incorporated in 2021 and is based in Perth, Australia.
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.
