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Desert Metals (ASX:DM1) flags “excellent” leach recoveries from WA rare earth sample analyses

ASX News, Materials
ASX:DM1      MCAP $5.309M
15 June 2022 14:23 (AEST)

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Desert Metals (DM1) has reported “excellent” leach recoveries from weak acid digest analyses of rare earth element (REE) samples from its Innouendy prospect in WA.

The company says this confirmed the economic significance of the previously-reported high-grade REE intercepts at the prospect, which lies within the wider Narryer project near Meekatharra.

According to Desert, recoveries from the acid digest analysis work were particularly strong for the high-grade zones of REEs from the prospect.

Desert has re-submitted an additional 95 adjacent samples for full-suite REE analysis and said it expected to receive results from these samples “shortly”. This work is designed to help establish the full thickness of each intercept downhole and mineralisation continuity between holes.

Once these results have been received, Desert will analyse all significant intercepts via weak acid digest to confirm leachable recoveries.

Meanwhile, the company said it had planned an extensive aircore drilling program for mid-July to test the extent of the shallow, clay-hosted REE mineralisation in the area.

Depending on the grades and widths intercepted from this drilling, Desert may work towards defining an inferred resource for the Innouendy prospect.

The company said given the potential significance of the REEs encountered at Innouendy, it had engaged current Greenland Minerals Managing Director John Mair as an advisor.

The company said Dr Mair had a deep knowledge of the REE landscape, having taken a complex REE project from discovery through various feasibility studies to development-ready status.

Alongside news of the Innouendy sample leach recoveries, Desert today said it had completed reverse circulation (RC) drilling at the Dingo Pass prospect, reporting thick intercepts of mafic intrusive rocks in several holes with traces of nickel-copper sulphides.

Shares in Desert Metals were up 10.9 per cent and trading at 26 cents at 12:59 pm AEST.

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