Lanthanein Resources Ltd (ASX:LNR) has completed the first phase of its reconnaissance roadside aircore drilling program targeting rare earths (REE) in the shallow Loxton Parilla Sands at Murraydium Rare Earths Project in South Australia.
During the program, the company delivered encouraging portable XRF results of upto 2,711 ppm combined neodymium (Nd) and praseodymium (Pr).
The XRF analysis outlined consistent elevated levels of Nd/Pr with all 72 holes having intersections of greater than 1,000 ppm.
Subsequently, all samples have been submitted to Bureau Veritas laboratory in Adelaide for confirmatory assay using industry-standard chemical analysis.
Notably, Loxton Parilla Sands is the same formation that hosts Australian Rare Earths’ Koppamurra Resource of 101 million tonnes at 818 ppm TREO.
Moving forward, Lanthanein will kick off the next phase of its 307-hole program shortly at the project.
Exciting exploration opportunity
Lanthanein technical director Brian Thomas said: “We are very excited with the preliminary XRF results from the first phase of the roadside drilling program at the Murraydium Project in the South East of South Australia.
“These results confirm the exciting exploration opportunity in a region that is highly prospective for ionic clay-hosted rare earth deposits as evidenced by work done in the region by AR3 who has outlined an extensive mineralised system at Koppamurra where shallow near surface exploration has delineated significant JORC Resources of REEs.
“We are eagerly awaiting the return of the assays to confirm the presence of high-grade ionic clay hosted REEs at the Bordertown Block of our Murraydium Project.”
About the project
The Murraydium Project is situated in the south-eastern region of South Australia with EL 6717 covering an area of 872 square kilometres of the Murray Basin.
The region is seeing continued activity in the exploration of REE minerals with the success of Australian Rare Earths at their 100% owned Koppamurra Project.
Also, other success stories from the region include Resource Base Ltd announcing a maiden mineral resource estimate of 21 million tonnes at 767 ppm TREO at their Mitre Hill Deposit in the Murray Basin in Victoria.