Forrestania Resources (ASX:FRS) has identified anomalous heavy rare earth elements up to 0.47 per cent total rare earth oxide (TREO) at its Melita 02 prospect in the Eastern Goldfields north of Kalgoorlie.
Late-stage igneous intrusives were located and sampled at the prospect, which is located on the Breakway Well tenement.
Highly anomalous rare earth element rock chip results included 4,676.5 parts per million (ppm) which included 970.4ppm neodymium, 68.4ppm dysprosium, 291.2ppm praseodymium, and 13.6ppm terbium.
A high ratio of ‘heavy’ rare earths were identified, with an average of 12.4 per cent, as well as a high ratio of ‘magnet’ REEs with values up to 28.7 per cent.
The anomalous rare earths identified from rock chip samples were spaced more than 800 metres apart.
Forrestania Chairman John Hannaford said: “We are delighted at the early exploration results from the Breakaway Well project, where heavy REE’s have been discovered; this is in addition to the broad scale gold and base metals prospectivity of the project area.
“This result is a testament to the systematic approach that our exploration team has undertaken, following up geophysical anomalies and historic data.
“Significantly, these exceptional REE bearing rock chips were collected from areas close to the Mt Stirling rare earth element and gold project held by Asra Minerals (ASX:ASR) and the Redlings REE prospect held by Marquee Resources (ASX:MQR).
“We believe the large Forrestania tenement holdings of the Eastern Goldfields project offer significant potential for a major REE discovery.”
