- Mt Monger Resources (MTM) is granted three exploration licence applications at its Ravensthorpe project in Western Australia
- The licences were granted by the WA Department of Mines, Industry Regulation and Safety (DMIRS), bringing Mt Monger’s total granted licences to 11 in the area, spanning 1400 square kilometres
- The area offers multi-element potential for clay-hosted rare earth elements, lithium-bearing pegmatites and sulphide nickel mineralisation
- The company is planning to accelerate work at the project, including roadside sampling, obtaining work program approvals and undertaking drilling evaluation of drilling commodity target areas
- Mt Monger Resources last traded at 22 cents on June 2
Mt Monger Resources (MTM) has been granted three exploration licence applications at its Ravensthorpe project in Western Australia.
The licences were granted for the company’s rare earth element (REE)-lithium-nickel project by the WA Department of Mines, Industry Regulation and Safety (DMIRS), bringing Mt Monger’s total granted licences to 11 in the area. This collectively spans 1400 square kilometres.
The company’s exploration licences at Ravensthorpe are dispersed between the regional towns of Jerramungup, Ravensthorpe and Esperance.
MTM reported the ground has been interpreted to cover gneissic rocks of the Albany-Fraser Belt and remnant inliers of Archaean greenstone rocks. The area is said to have multi-element potential for clay-hosted REE, lithium-bearing pegmatites and sulphide nickel mineralisation.
MTM said the project offered multiple exploration opportunities, including a potentially large scale REE project alongside lithium, graphite and nickel.
The company has already laid out plans to accelerate work at the project, including roadside sampling, obtaining statutory access and work program approvals, and undertaking drilling evaluation of drilling commodity target areas.
Mt Monger Resources last traded at 22 cents on June 2.