EV Resources Limited (ASX: EVR) has reported significant rare earth element (REE) results from drilling and rock chip sampling at its Khartoum Project in North Queensland. The recent assessment of results identified a high ratio of heavy REO, including 62% (with 1680ppm Y203) and 81% (with 2310ppm Y203), and a high ratio of magnetic REO, with 15 samples greater than 20%.
The rock chip values were as high as 6993ppm and 5782ppm TREO, while the drilling results showed 8m at 2096ppm and 2m at 3093ppm TREO. The samples were initially collected during the company's exploration efforts to define tin and tungsten mineralisation. Elevated REE samples were collected in areas of significant Sn and W sample results, from five different prospect areas. The results suggest the potential for significant rare earth mineralisation at the project.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.