A geochemical evaluation of assays from a recent soil survey has confirmed anomalous rare earth elements (REEs) including yttrium, cerium, neodymium and dysprosium in soils.

Consultant geochemist, Richard Carver, uncovered the REE data during previous gold exploration at the project in 2020 before the samples were digested in an Aqua Regia digest.

REEs were determined by ICP-MS, a cost-effective method of measuring precious metals and other trace elements.

While most of the soil samples collected over Burracoppin (E70/4688) do not contain a full suite of REE assays – explaining why TREE could not be calculated – Moho (ASX:MOH) says high value clusters of neodymium may indicate a bedrock source.

Importantly, the results indicate that source material is present for ionic clay layers to have developed deeper in the regolith profile.

Just the beginning of the story

“This is just the beginning of the story with expansion of exploration across the tenements and new tenement acquisition leading to increased value creation for the company to come,” MOH managing director Ralph Winter says.

Moho has applied for a further seven exploration licences covering ~1,300 km2 on the basis of a conceptual topographic and hydrological model targeting regional-scale ionic clay REE deposits.

What’s next on the to-do list?

Next steps for the company include obtaining follow-up REE data from existing drill samples where available to confirm the ionic clay model, undertaking seismic surveys over previously drilled RC and air core areas, as well as kicking off a program of aircore drilling over key targets to test the conceptual topographic and hydrological model.

Other activities include undertaking metallurgical test work to determine the potential recovery of the REE enrichment in the clay horizons and finalising the geochemical evaluation of lithium, base metals and gold anomalies identified from soil and stream surveys at Burracoppin.




This article was developed in collaboration with Moho 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.