- Odessa Minerals (ODE) applies for six new exploration licenses collectively known as the Gascoyne East project in Western Australia
- The licenses cover just under 2150 square kilometres in an under-explored part of the Gascoyne province prospective for rare earth elements
- Today’s news follows the company’s acquisition of both the Lyndon and Lockier Range projects, also in the Gascoyne region
- Moving forward, ODE will negotiate land access with traditional owners and, if granted, will begin reconnaissance and shallow drilling
- Shares in Odessa close 6.25 per cent higher at 1.7 cents per share
Odessa Minerals (ODE) has applied for six new exploration licences collectively referred to as the Gascoyne East project in Western Australia.
The licenses cover just under 2150 square kilometres in an area that, according to Odessa, has seen minimal exploration but is reportedly prospective for rare earth elements (REE), as indicated in targeting models.
The application follows Odessa’s acquisition of the Lyndon and Lockier Range projects, also in the Gascoyne region, and takes the company’s land hold in the region to over 3000 metres.
Moreover, the new area is 80 kilometres south-southeast from Kingfisher Mining’s (KFM) Mick Well REE discovery and around 16 kilometres north of Krakatoa Resources’ (KTA) Mt Clere REE project.
Odessa’s Executive Director, David Lenigas, said the new applications could represent the last significant strategic land package available for exploration in the district.
Moving forward, the company intends to negotiate appropriate land access agreements with traditional owners and native title parties.
If granted, the first exploration would involve reconnaissance work, followed by ground-based geophysics and shallow drilling.
Shares in Odessa close 6.25 per cent higher at 1.7 cents per share.