Mt Monger (ASX:MTM) greenlit at Pomme

Mt Monger Resources are approved to start drilling at its almost untouched Pomme Rare Earth and Niobium project in Canada’s Great White North.

Diamond drilling will give a first glance at Pomme’s compelling carbonatite complex, with the programme seeking to get a handle on the intrusions’ grade and continuity.

MTM.AX

MTM CRITIC FPO [MTM]

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Limited historic drilling in times of lesser rare earth demand returned exceptional results at the site, now considered an extremely prospective exploration target on the doorstep of a Montviel deposit playing host to its 266 Mt @ 1.45% TREO & 0.14% niobium pentoxide resource.

Niobium can be found in practically everything that demands a high-strength, lightweight, and durable material, with just a sprinkle of the rare metal making steel twice as strong and crack-resistant, an application found more than helpful across a wide range of industries.

Demand for niobium is steadily increasing, driven by its use in high-performance steel in critical infrastructure and applications, such as wind turbines and electric vehicles.

Canada hosts one of the two most economic niobium resources on the planet, making it a feasible alternative to China – the world’s largest producer, followed by Brazil.

Proposed drilling showed on airborne magnetic image

Meanwhile, the spread of rare earth remains as lucrative as ever; despite a groundswell of exploration to meet a technology-driven demand, economic resources and discoveries are still uncommon.

MTM CRITIC FPO [MTM]

Sector: Basic Materials

Industry: Other Precious Metals & Mining

Employees:

MTM Critical Metals Limited, through its subsidiaries, explores for mineral tenements in Western Australia. The company explores for gold, base metals, lithium, nickel, cobalt, graphite, and rare earth elements. It holds an option to acquire in the Pomme project comprising of 50 mineral claims covering an area of 2,400 hectares located in Quebec, Canada; and the East Laverton project consisting of nine exploration licenses covering an area of 1,900 square kilometers located in Western Australia. In addition, the company owns interest in the Mt Monger project comprising of seven granted exploration licenses covering an area of 82 square kilometers located in Kalgoorlie, Western Australia. MTM Critical Metals Limited was formerly known as Mt Monger Resources Limited and changed its name to MTM Critical Metals Limited in May 2023. The company was incorporated in 2020 and is based in West Perth, Australia.

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