Red Mountain returns to rare earths drilling at Mt Mansbridge
Link copied to
Red Mountain’s Mt Mansbridge project is poised to see a flurry of activity with the mobilisation of a drill rig to undertake the Phase II drill campaign.
It follows field reconnaissance carried out in late May to reaffirm drill targets at the Déjà vu, Solo and Cow Creek prospects.
Additionally, all heritage surveys and earthworks have been completed for efficient land access at the heavy rare earths and nickel-cobalt-PGE project.
Red Mountain Mining (ASX:RMX) has also secured all personnel, including geologists, field support and consultant, along with equipment to undertake the drilling which will begin imminently.
“Now with access re-established, drill rig and field crew onsite, the company is excited to get on the ground and drill its battery mineral targets and further evaluate the prospectivity of Mt Mansbridge,” non-executive chairman Troy Flanner noted.
It comes as Australia’s rare earths bounty draws attention from consumers who are increasingly keen to diversify their supply away from China.
Rare earths such as neodymium are essential for the construction of permanent magnets that are required for efficient electric vehicle motors and wind turbines, making them a valuable commodity for the energy transition.
Previous exploration at Mt Mansbridge has already established the presence of heavy rare earth minerals across the project with drilling returning a notable intersection of 2m grading 0.102% total rare earth oxides in hole MMRC003 at the Solo prospect.
Solo is a structurally controlled 200m long zone of outcropping REE mineralisation within the Proterozoic aged prospective Killi-Killi Formation.
This article was developed in collaboration with Red Mountain Mining, 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.