- Desert Metals (DM1) identifies a “potentially significant” new rare earth system at its Dingo Pass project in Western Australia
- The company discovered this zone of elevated rare earth elements immediately adjacent to Krakatoa Resources’ (KTA) 101-million-tonne Tower deposit
- Desert Metals will test the nine-kilometre zone with between 5000 and 10,000 metres of aircore drilling in the new year
- Company shares were trading at 21 cents at midday AEDT
Desert Metals (DM1) has identified a “potentially significant” new rare earth system at its Dingo Pass project within WA’s Narryer Terrain.
The new area of rare earth element (REE) mineralisation sits immediately adjacent to Krakatoa Resources’ (KTA) Tower deposit, where it recently reported a mineral resource estimate of 101 million tonnes at 840 parts per million (ppm) total rare earth oxide (TREO).
According to remote sensing and radiometric data, the REE mineralisation is likely to continue into the Dingo Pass prospect over a nine-kilometre zone.
Further to this, Desert Metals conducted follow-up field reconnaissance work which validated the presence of elevated REEs at Dingo Pass and the potential for a new major rare earth system.
The company plans to drill test the nine-kilometre-long zone to the east of the Tower deposit. In total, Desert Metals will complete between 5000 and 10,000 metres of aircore drilling early next year.
In addition to this news, the company has been approved for a 150-hole reconnaissance program of work at the Belele project. This work will test a 15-kilometre zone within the Carbar Shear Zone for gold and base metals.
DM1 will undertake the 150-hole program once it completes a heritage survey at the start of 2023.
Company shares were trading at 21 cents at midday AEDT.