Australian Rare Earths expands landholding in Queensland
Australian Rare Earths (ASX:AR3) has significantly increased its landholding in the Kennedy Province in North Queensland.
Applications have been lodged for another 800km2 of exploration tenure which hosts the Forty Mile Scrub, Sandy Tate and Oaky Valley prospects.
An emerging new clay-hosted rare earth mineral province, the Kennedy Province is host to intrusive and extrusive, predominantly felsic magmatism.
Through airborne geophysics surveys, the Forty Mile Scrub, Sandy Tate and Oaky Valley prospects have identified areas displaying weathering profiles over the prospective geology of the extrusive and intrusive rocks of the kennedy igneous association.
The kennedy igneous association comprises the most widespread and voluminous magmatic event in the region
Grant of this new landholding will allow Australian Rare Earths to undertake rapid initial surface sampling, rare earth element concentration determinations and metallurgical recovery.
Australian Rare Earths chief executive Travis Beinke commented on the expansion.
“The kennedy province is clearly highly prospective and hence we have moved quickly to expand our tenure in what is fast emerging as a new rare earths province,” he said.
“Recent work by others nearby has identified significant clay-hosted rare earth element intersections displaying encouraging metallurgical recovery characteristics.”
Australian Rare Earths is also preparing to step up exploration activity on its Massie Creek and Dalrymple prospects through follow-up sampling and metallurgical test work in the upcoming quarter.
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