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source:AuManufacturingThe head of the company developing Australia’s first rare earths metals refinery has urged companies to produce high value rare earth metals locally rather than exporting ores overseas.Managing Director and Chief Executive Officer of Iluka Resources Tom O’Leary told the company’s annual general meeting that the key Australian rare earth resources – neodymium, praseodymium, dysprosium and terbium – were essential to produce high strength permanent magnets needed to make electric motors used in electric vehicles, as well as in wind turbines and in defence applications.O’Lea...
Release time: 2023 - 05 - 24
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source:Colin Hay Remote Western Australian country town Mukinbudin recently took its place on the global critical minerals stage when two separate companies with two separate projects announced significant rare earth element (REE) results within hours of each other.Located in the far north-eastern Wheatbelt region of WA, approximately 298 kilometres east of Perth, Muka (as it is known to the locals), is most famous for its wheat and sheep farming.However, the area grabbed the attention of the mining industry in early May when Codrus Minerals (ASX: CDR) and Caprice Resources (ASX: CRS) bot...
Release time: 2023 - 05 - 22
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source:SMALL CAPSExploration can be a slow process, but not for companies run by David Flanagan, as he proved in the iron ore boom of 20 years ago and is doing again in today’s lithium rush.Atlas Iron was the business which made Flanagan’s reputation as a mine developer, initially with a small iron ore deposit at Pardoo close to the Pilbara coast of Western Australia.Delta Lithium (ASX: DLI) is his return company and while Atlas and Delta are in very different commodities they share a common feature, a shared sense of urgency in delivering product to the market as quickly as possible.David Fla...
Release time: 2023 - 05 - 22
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source:Moho Resources LtdMoho Resources Ltd (ASX:MOH) took a bird's eye view of the Peak Charles Rare Earth Element (REE) Project recently, with an airborne geophysical survey identifying a discrete radiometric anomaly.This new target sits on tenement E63/2163, which holds the Gimli clay-hosted REE prospect exploration area, west of the Salmon Gums prospect.The REE signature of the new anomaly demonstrated elevated responses to potassium, uranium and thorium.“Moho is very excited by the possibilities that the Gimli prospect is beginning to reveal, with the radiometric anomaly potentially b...
Release time: 2023 - 05 - 18
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