SKYLINE RARE EARTH PROJECT
On 4 November 2021, the company announced the acquisition of Skyline Resources which holds the Skyline Rare Earth Project. The project is located in the Gascoyne Province of Western Australia and consists of 100% owned exploration licence application ELA 09/2643, covering an area of ~247 square kilometres, which is considered to be prospective for monazite hosted rare earth elements.
Previous work conducted in the area has outlined an extensive mineralised system where shallow near surface exploration has the potential to delineate shallow JORC Resources, offering the Company excellent exploration upside potential.
The region is seeing a renewed focus for REE minerals with the noted success of Hastings Technology Metals Limited (ASX:HAS) at their 100% owned Yangibana Project, host to a mineral resource of 27.42 Mt @ 0.97% TREO (ASX announcement 27 July 2021).