Pearl Gull to Farm-in to Potential Ionic Clay Rare Earth Project

Pearl Gull Iron Limited (ASX: PLG) has secured an agreement to acquire Huemul Holdings Pty Ltd, paving the way for potential involvement in NeoRe SpA's La Marigen Project in Chile. This project spans ~22,800ha along Chile's coast, showcasing similarities to the prolific southern China ionic rare earth province. Post-acquisition, Pearl Gull plans an exploration program at La Marigen using advanced methodologies to pinpoint priority drill targets. Known for heavy rare earth elements (HREE) enrichment, this region offers promising mineralization prospects.

With NeoRe SpA's experienced in-country team and their pivotal role in rare earth resource development, this project holds significant value potential. Pearl Gull also aims to explore complementary mineral opportunities in the region to maximize value.

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