Source:Australia Investing NewsAustralian critical metals developer Northern Minerals (ASX:NTU) has identified two new high-grade rare earths deposits during a planned reverse-circulation drill program.The discoveries made at the Dazzler and Iceman sites follow-up on assay results from earlier this year.According to the report, the results of the latest drill returned values of 18m at 9.10 percent total rare earth oxide (TREO), 21m at 2.15 percent TREO and 11m at 4.83 percent TREO.The findings are significant for the heavy rare earth explorer, as prior to these findings the mineral resource av...
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Source: Investing News NetworkAfter the signing of the John S. McCain National Defense Authorization Act last week, a number of rare earth element (REE) producers outside of China have come forward ready to meet American quotas, as well as demand outside the country.The omnibus document, which covers military spending and procurement, features a short section forbidding the US military from purchasing Chinese permanent magnets using REEs. Similar magnets produced in Iran, Russia and North Korea are also included.Those few paragraphs in the 788-page document have sent a resurgence through the R...
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Source: Northern MineralsNorthern Minerals has announced two new high-grade heavy rare earth (HRE) discoveries, Dazzler and Iceman, less than 15 kilometres from its Browns Range processing plant in northern Western Australia.Assay results from reverse circulation drilling of the two prospects have returned high-grade results, including 18 metres at 9.1 per cent total rare earth oxide (TREO) and 21 metres at 2.15 per cent TREO.Northern Minerals managing director George Bauk said, “These very high-grade assays confirms our belief of having two new discoveries located close to the Browns Range pr...
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