Gascoyne REE Project
- High grade REE’s discovered up to 8.01% TREO.
- Rare Earth Elements Hosted in the Yangibana Ironstones within the Durlacher Supersuite Rocks.
- Source of the REE’s is from the Gifford Creek Ferrocarbonatites which have been intruded along the Bald Hill Lineament.
- Hastings Technology Metals (HAS ~$420m MC) is developing the Yangibana REE Project, Australia’s next REE Mine.
- Close proximity to Dreadnought’s (DRE ~A$200m MC) recent Yin Rare Earths discovery.
- Lyons and Edmund Project areas both on the Bald Hill Lineament.
- No previous exploration for REE’s on either area before recent sampling success.
- Maiden drill program to test depth extent and width of outcropping ironstones planned for Q3, 2022.
- Regional magnetics and radiometrics have picked up ferrocarbonatite targets under cover on Lanthanein’s Lyons EL.
- Ferrocarbonatites are the source of the REE rich ironstones on Lanthanein and Hastings ground.
- Applications in for two DMIRS Exploration Incentive Scheme funded deep exploration holes to be put into the two best targets in Q2 2023.
- Dreadnought has similar but smaller carbonatite targets at Mangaroon and near Yin.
- Lyons Prospects are immediately adjacent to Hastings Technology Metals (ASX:HAS) world class Yangibana REE Project.
- Hastings REE’s hosted in the same ironstones derived from Gifford Creek Ferrocarbonatites present in the Durlacher Supersuite rocks that host the Lyons Prospects.
- Mineralogy and metallurgical characteristics of REE’s hosted in Lyons ironstones identical to Hastings.
Multiple high priority outcropping ironstone prospects and carbonatite large tonnage targets to be to drilled Q3, 2022.
High grade rare earth discoveries confirmed with exceptional results from rock chips across multiple targets on the Lyons Project Area.
Significant results include:
- 8.01% TREO (2.8% Nd2O3+Pr6O11) Lyons 11 (GPR012)
- 6.44% TREO (2.3% Nd2O3+Pr6O11) Lyons 11 (GPR019)
- 5.27% TREO (1.9% Nd2O3+Pr6O11) Lyons 11 (GPR020)
- 4.32% TREO (1.53% Nd2O3+Pr6O11) Lyons 11 (GPR013)
- 4.17% TREO (1.69% Nd2O3+Pr6O11) Lyons 11 (GPR013)
- 3.38% TREO (1.3% Nd2O3+Pr6O11) Lyons 11 (GPR035)
- 2.53% TREO (1.15% Nd2O3+Pr6O11) Lyons 13 (GPR082)
- 1.23% TREO (0.55% Nd2O3+Pr6O11) Lyons 12 (GPR069)
- 1.77% TREO (0.79% Nd2O3+Pr6O11) Lyons 27 (GPR108)
The Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide’s of Neodymium (Nd2O3) and Praseodymium (Pr6O11) critical to the production of permanent magnets, with demand forecast to surge due to their use in EV’s and renewable energies such as wind turbines.
The Gascoyne REE Project adjoins the world-class Yangibana Deposit (ASX.HAS ~A$460 million market capitalisation) in the Gascoyne Region of Western Australia, set to be the next REE producer outside of China by 2023. The project area is also proximal to recent discoveries made by Dreadnought Resources at their Mangaroon Project located ~15kms southwest of the Yangibana REE Resource (ASX:DRE ~A$127 million market capitalisation).
The REE-bearing Yangibana ironstones within the Durlacher Supersuite lithology were first targeted by prospectors in 1972 as base metal bearing gossans, however the REE potential of the ironstones wasn’t assessed until 1985 and remained underexplored until Hastings Technology Metals (ASX:HAS) acquired the project in 2011. Hastings has since delineated a world-class JORC 2012 Mineral Resource of 27.42Mt @ 0.97% TREO with 0.33% Nd2O3+Pr6O11 and a ratio of 52% Nd Pr:TREO making it one of the highest value REE projects for ore value per kg.
Despite the region’s prospectivity for REE’s, very limited exploration has been undertaken at the Gascoyne Project, in part potentially due to shallow alluvial cover which has led to the area being overlooked historically, however the south eastern Lyons tenement E09/2515 has areas of outcrop, which includes the historic copper prospect Tabletop Well.
With the use of modern exploration techniques and a renewed focus on REE’s there is an exciting opportunity for the discovery of economic REE mineralisation. A detailed airborne magnetic-radiometric survey consisting of 5,189 line kilometres has been flown over the entire tenement area with the data gathered from this survey assisting with target definition within the prospective Durlacher Supersuite across the entire project area.
Access into the project area is very good with a combination of well-maintained gazetted and station roads located on Edmund, Gifford Creek and Wanna Pastoral Leases which will greatly assist exploration work programs.