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Temas Resources (ASX:TIO) has identified initial rare earth element (REE) potential in a significant examination of historic drill core from its Farrell Taylor, Hervieux West and Hervieux East deposits in Canada.
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The company has just wrapped up re-logging of 36,614m of historic drill core from the deposits, with samples on their way to an assay lab in Montreal for detailed re-assaying.
The process of re-logging and re-assaying will occur over the coming months, with results supporting resource growth, metallurgical optimisation and economic evaluation at La Blache.
The program is examining 181 historic holes for iron, titanium, vanadium, chromium, gallium, scandium and other rare earth elements (REE) potential.
An initial review of historical data has identified the potential for La Blache to be prospective for gallium, scandium and chromium.
CEO, Tim Fernback, said re-utilising historic drill core is expected to save around $40 million and several years of development time.
It will also support the development of Temas’ patented regenerative chloride leach (RCL) technology, targeting up to 65% cost reductions and enhanced recovery across critical metals, with initial test results expected in early CY2026.
“Prior to our involvement on the La Blache project, previous operators drilled approximately 36,614 m of NQ sized drill core on the Farrell Taylor, Hervieux East and Hervieux West resources,” Mr Fernback said.
“In December of last year, we repatriated this drill core from the field, moved it to our secure storage facility in La Baie, Quebec with the intention to re-assay this material at ALS labs in Val-d’Or using a fusion protocol to achieve very accurate whole rock and trace metal grades for all elements of interest.”
Mr Fernback noted that historic drilling core from the Hervieux East and Hervieux West resources were only assayed for three metals, titanium (Ti), vanadium (V), and iron (Fe).
“Our recent drilling on La Blache has shown additional pay metals, including material amounts of scandium, gallium and chromium on site.
“Furthermore, the results of this re-assay work will allow us to restate our Scoping Study on the La Blache resource with an additional 30 million tons of measured and indicated titanium dioxide resource, and include those valuable pay metals of gallium, scandium and chromium.”
TIO is steady at 18.0¢. Mkt cap $17.84M.
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