Australian Rare Earths increases Koppamurra resource
PERTH (miningweekly.com) – Junior explorer Australian Rare Earths has reported an 84% increase in the resource at its Koppamurra rare earths project in South Australia, with the resource now standing at 186-million tonnes at 712 parts per million total rare earth oxides (TREOs), containing up to 132 000 t of TREOs.
“With each drilling campaign we have progressively built our confidence in our ability to demonstrate the establishment of a world-scale ionic clay-hosted rare earths province in the heart of a tier-one location,” said Australian Rare Earths CEO Travis Beinke.
“These outstanding results represent a substantial increase to the resource and confirms- Koppamurra as a new world-scale ionic clay-hosted rare earths province. In addition, significant upside remains with an updated exploration target range of 340-million tonnes to 3.1-billion tonnes and the resource remaining open to the north and south.”
A near 30 000 m drilling programme is set to start in October this year to further expand the mineral resource.
“With our growing understanding of the geology and rare earth mineralisation processes at Koppamurra we remain confident in the consistency of the mineralisation across the project area and are eager to return to drilling next month to drill test areas with no historical drilling,” said Beinke.
“We intend to continue creating value for shareholders by growing and upgrading the inventory while advancing our metallurgical testwork and other development studies in parallel.”
“Koppamurra is located in a tier-one jurisdiction and contains both light and the strategically important heavy rare earths required for high-strength permanent magnets. We have demonstrated that rapid and progressive rehabilitation can be achieved through our trial mining pit. All of these factors distinguish Koppamurra as a unique opportunity to establish a new sustainable source of critical heavy rare earths for a clean energy future.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
