Cyclone Metals will soon kick off a rare earths gravity survey in the Yalardy area in WA, where an interesting anomaly has caught its eye.
Cyclone’s (ASX:CLE) plan for a detailed gravity survey will focus on the Sebastian gravity anomaly, which sits on one of the two tenements held in the Yalardy area east of Shark Bay.
The company believes the anomaly could represent the top of a geological intrusion, feasibly related to a carbonatite – the type of rock which can contain considerable accumulations of rare earth elements (REEs), base metals and minerals such as iron, titanium in vanadium.
Carbonatites similar to those at Lynas Corporation’s (ASX:LYC) world-class Mt Weld rare earths deposit near Laverton are considered prospective for copper, gold and REEs.
The gravity survey will provide information about the densities of rocks beneath the surface at the project, with carbonatites likely to be more dense than the surrounding rocks.
For Cyclone, that would mean a gravity response at surface.
The results of the survey will be used to evaluate a suitable future drilling program plan for the tenements in the Yalardy area.
Cyclone said a comprehensive, licence-wide regional geochemical survey was also being designed, with REEs, mineral sands and gold the principal objectives.
The gravity survey will begin before the end of the month, while the geochemical survey is planned to start at the beginning of November.
Geochemical sampling over the project area carried out last year identified two REE anomalies at the project – including the Sebastian anomaly about to be tested.
Cyclone was granted the exploration licences for the Yalardy project in May of this year.
Timing ripe for rare earths
Rare earth elements have made international news in recent times thanks to their importance to the magnets and technologies expected to drive the world toward a greener future.
Get the latest Stockhead news delivered free to your inbox
For investors, getting access to the right information is critical.
Stockhead’s daily newsletters make things simple: Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
It’s free. Unsubscribe anytime.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.
I want the news:
Hear it first
Get the latest Stockhead news delivered free to your inbox.
Thanks! You’re subscribed, Stockhead news is coming your way soon.