Join our daily newsletter At The Bell to receive exclusive market insights
- Mineralogy confirms heavy rare earths are contained in xenotime mineralisation at PVW Resources’ (PVW) Tanami project in WA
- Seven rock chip samples from prospects in the area have total rare earth oxide (TREO) grades of up 12.5 per cent, with an average of 80 per cent of heavy rare earth oxide (REO)
- Independent Metallurgical Operations (IMO) has begun metallurgical sighter test work on the samples
- The company says data from the test work will be used to design a drill program for 2022
- PVW shares ended Tuesday trading at 46.5 cents
Mineralogy confirms heavy rare earths are contained in xenotime mineralisation at PVW Resources’ (PVW) Tanami project in WA.
According to PVW, xenotime mineralisation is significant as it contains a high percentage of dysprosium and terbium, which are used in permanent magnets.
Seven rock chip samples from the Killi Killi East and Watts Rise prospects at Tanami confirmed some rare mineralisation in October. These samples were then selected for additional and more thorough analysis.
This more recent testing showed the samples have total rare earth oxide (TREO) grades of up to 12.5 per cent, with an average of 80 per cent of heavy rare earth oxide (REO).
The study reportedly included scanning electron microscope (SEM) analysis and
polarising light microscopy (PLM). Analysis indicates the presence of xenotime in six of the seven samples that assayed greater than 1 per cent TREO.
The company has engaged Independent Metallurgical Operations (IMO) to undertake a sighter test work program on a 100 kilogram bulk sample taken from various locations along the 1.8 kilometre Killi Killi corridor.
The company added that data from the test work would then be used to design a drill program for 2022.
PVW shares were trading at 46.5 cents at the close of market on Tuesday.
