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Moho Resources enhances Peak Charles rare earth potential with radiometric anomaly identified

The date of: 2023-05-18
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source:Moho Resources Ltd

Moho 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 being indicative of a carbonatite intrusion,” Moho Resources managing director Ralph Winter said.

“Carbonatites could host elevated REE levels which would open the door for both hard rock hosted REE as well clay hosted REE mineralisation at the Peak Charles project.”

Moho has already applied for an exploration licence to expand the ground holding around the new radiometric anomaly to the north and west.

The company has also submitted a program of works (PoW) to drill 33 reconnaissance aircore holes within road reserves at the Gimli prospect.

Next step will include:

Aircore drilling at Gimli prospect (E 63/2163) and phase 2 reconnaissance drilling at Top Block and Rolland East prospects (E 74/695), anticipated in early June 2023 (subject to PoW approval).

Geochemical surface sampling over radiometric anomaly.

Metallurgical test work to determine total rare earth oxide (TREO) extraction efficiency and rates from the clays.

Further geophysical interpretation of the airborne magnetics to outline the granite basement topography to assist with the ionic clay basin target modelling.

Land access agreements with landholders and occupiers.

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