Cazaly targets rare earths with new Namibian licence
Cazaly is expanding its operations in northern Namibia with its application for the Abenab North rare earth elements and base metals exploration licence.
The 790km2 exploration licence application, which has no competing applications, is located within a well-mineralised base metals province with several historical mines including the world renowned Tsumeb copper-lead mine. It hosts a cluster of carbonatite intrusive units identified from historical drilling.
Carbonatites have the potential to host large-scale REE discoveries and this certainly appears to be the case given historical intersections such as 45m grading 0.73% total rare earth oxides (TREO), 39.7m at 0.55% TREO and 16.7m at 0.66% TREO.
Adding further interest for Cazaly Resources (ASX:CAZ), the highest REE assays reported were those for lanthanum, cerium, neodymium and praseodymium with several results beyond the maximum assay detection limits.
Some intercepts of elevated phosphorus were also recognised beyond maximum assay detection limits of 1%.
“Should the application be successful, the project presents a fantastic opportunity for Cazaly to add value to our portfolio with potential base metal mineralisation and REE mineralised carbonatites,” managing director Tara French said.
“To date our investigations indicate that previous work in the area focussed more on the Abenab Vanadium Mine located to the south, and no further exploration work was completed on the carbonatites within the licence application area.”
The project lies in the Otavi Mountain Land region of northern Namibia about 450km by road from the capital of Windhoek.
There is excellent infrastructure in the region which is well served by sealed roads, rail to port, high voltage power, telephone lines, and water.
Abenab North is considered to be highly prospective for base metal and REE mineralisation with historical drilling by Kudu Minerals intersecting fresh carbonatitic material in five drill holes.
This returned intriguing REE results while later exploration by Avonlea Minerals also intersected REEs.
The project is also highly prospective for Tsumeb style base metal mineralisation.
Cazaly is currently compiling and assessing the historical database in conjunction with available regional geological and geophysical datasets to plan its exploration programs.
This article was developed in collaboration with Cazaly Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.