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Red Mountain airborne survey to define rare earth targets

The date of: 2020-12-17
viewed: 0

source:Stockhead

Special Report: Red Mountain Mining (ASX:RMX) has completed a radiometric survey to help identify and delineate heavy rare earth targets at its Mt Mansbridge project in WA.

The circa 800km airborne survey was carried out to further identify unconformity type rare earths targets at the project in the Kimberley region, which is interpreted to be similar to Northern Minerals’ (ASX:NTU) Dazzler and Iceman xenotime-style heavy rare earth deposits.

Red Mountain noted that radiometric data has proven to be valuable in vectoring in on heavy rare earth targets in xenotime deposits.

Interpretation and processing of the data will be undertaken in the coming weeks to identify additional basement hosted and unconformity-related heavy rare earth element xenotime targets for follow up and drilling.

A review of historical geophysical datasets and government surveys has already provided valuable information for further vectoring of existing rare earth targets and identifying basement-hosted and unconformity-related heavy REE xenotime targets for follow up and drilling.

Mt Mansbridge

Earlier this week, Red Mountain shareholders gave the thumbs up to the acquisition of the 280sqkm Mt Mansbridge, which is just 40km from the Northern Minerals’ flagship Browns Range rare earths project.

While most historical exploration has been for uranium and gold, the discovery of xenotime – a key rare earth mineral – has highlighted its potential to host the valuable elements, which are used in critical technologies such as EVs and electronics.

The project could also be prospective for nickel and cobalt at the Déjà vu prospect, which is centred around an ultramafic intrusion.

This article was developed in collaboration with Red Mountain Mining, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.



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