- BBX Minerals (ASX:BBX) extends the REE mineralisation at Ema in the Apuí region of Brazil to seven kilometres by six kilometres with grades reaching more than 1000 ppm TREO
- It remains open in all directions with the majority of drill holes grading 30 per cent permanent magnets, neodymium and praseodymium
- BBX has also hit success with its extraction strategy, recovering up to 61 per cent of the REEs via simple ammonia sulphate leaching
- The results paired with additional sulphate leaching work hand in hand to support the release of an initial MRE for the project in the first quarter of 2024
- Shares last traded at 2.2 cents
BBX Minerals (ASX:BBX) has extended the rare earth (REE) mineralisation at Ema in the Apuí region of Brazil to seven kilometres by six kilometres, with grades above 1000 parts per million (ppm) total rare earth oxides (TREO).
According to the company, the ionic REE mineralisation remains open in all directions and the majority of drill holes contain up to 30 per cent permanent magnets, neodymium and praseodymium.
BBX has also hit success with its extraction strategy, recovering up to 61 per cent of the REEs via simple ammonia sulphate leaching.
Some of the results include six metres of 1003 ppm TREO from six metres, which included a three-metre intercept of 1191 ppm TREO ending in 1135 ppm TREO.
These results represent only 43 per cent, or 82 square kilometres of the company’s 189 square kilometre tenement, and BBX has received assays for 65 of the 95 holes drilled at EMA to date.
These results paired with additional sulphate leaching are working hand in hand to support the release of an initial mineral resource estimate for the project in the first quarter of 2024.
BBX shares last traded at 2.2 cents.