- Frontier Resources (FNT) has been granted an exploration licence at its Murraydium Project, in South Australia, from the South Australian Department of Mines and Energy
- The exploration licence includes four blocks, covering an area of 872 square kilometres
- Chairman David Frances commented that the project “offers exciting exploration upside potential”
- Frontier says further work is needed to better define metallurgical recoveries, process flow sheets, effective mining methods, and project economics
- FNT shares are up 5.56 per cent, trading at 3.8 cents
The South Australian Department of Mines and Energy has granted Frontier Resources (FNT) the exploration licence EL6717 over the the Murraydium Project in South Australia.
The project, located in the south‐eastern region of Naracoorte in South Australia’s Murray Basin, is prospective for ionic clay hosted rare earth elements (REE).
Chairman David Frances commented that the project “offers exciting exploration upside potential”.
The exploration licence includes all four exploration licence blocks, covering an area of 872 square kilometres.
Frontier proposed that a review of available desktop literature including geological models and historical exploration data and will undertake exploration activities, including field mapping and extensive surface sampling and testing.
Initial mineralogical test work conducted on a clay sample from the Koppamurra Project area established that the dominant clay minerals are smectite and kaolin.
The region is believed to see a renewed focus for REE minerals with numerous deposits in including Australian Rare Earths’ (AR3) successful Koppamurra Project with an Inferred Mineral Resource of 39.9 million tonnes at 725 parts per million TREO.
The few REE‐rich minerals detected during the SEM investigation are not considered inconsistent with the suggestion that a significant proportion of REE are distributed in the sample as adsorbed elements on clay and iron oxide surfaces.
The company said that further work is required to better define metallurgical recoveries, process flow sheets, effective mining methods, and project economics.
FNT shares were up 5.56 per cent, trading at 3.8 cents as of 12:38 pm AEST.