
Milestones unlock major upgrades
GOLD and copper explorer GBM Resources has announced two milestones for its Milo rare earth elements project in Mt Isa, North West Queensland. A major upgrade of the total rare earth element and yttrium oxides (TREEYO) resource has been completed, and the production of a large concentration of TREEYO through heavy medium separation and metallurgical test work is underway. The Milo project area has grown to more than 1km in length, with the inferred resource increasing to 187 million tonnes containing 113,000t of rare earth oxides. The Milo resource is now 200m wide and contains elements that are considered to be in undersupply, including neodymium and dysprosium. Recent drilling indicated significant results on its northern and southern limits, and confirmed...