Drilling Assay Results from West Arunta

Lycaon Resources Ltd (ASX: LYN) has reported assay results from its maiden drill program at the Stansmore Target within its 100%-owned West Arunta Project in Western Australia. The drilling program tested a 500m-wide magnetic anomaly associated with carbonatite intrusions known to host niobium and rare earth elements. The best result returned 1m @ 425ppm Nb+Nd+Pr and 217ppm Y+Yb from 302m, with sulphide mineralisation (12% S) identified within a mafic intrusive.

Additionally, elevated copper (1%) and silver (1.5g/t) were recorded at the base of weathering. The project received an AU$180,000 co-funding grant under the Western Australian Exploration Incentive Scheme. Lycaon is now assessing additional geophysical targets across West Arunta to unlock further mineralisation potential in this highly prospective region.

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