US Setting Eyes on Rare Earth in Afghanistan

【SMM Rare Earth Flash】 Brazilian Rare Earths has identified multiple high-grade intercepts in the south and east extensions of its Monte Alto deposit, including 8 meters at 21.8% TREO from 189 meters depth, and 6.2 meters at 25.4% TREO from 162 meters depth. The company has prioritized the northern area as a key exploration target, planning 1,400 meters of drilling there and a total of 5,000 meters across the north, south, and east to further delineate the deposit. Assays returned up to 6.664% PrNd oxide, 0.2853% Dy oxide, 1.0986% Nb oxide, and 0.4443% U oxide, confirming significant enrichment of rare earths and associated minerals. These results are not yet included in the current resource estimate and PEA, with a resource update targeted by year-end. The company noted that the deposit remains open to the north, south, east, and at depth. The Rocha project's PEA earlier this year outlined a post-tax NPV of approximately US$7.9 billion.

At the “Rare Earth Leads the Future, Innovate to Win Lucheng” Baotou Rare Earth Future Industry Innovation & Entrepreneurship Competition, a centralized signing ceremony for settled projects was held, with 16 high-quality projects choosing to take root in Baotou and settle in the Baotou Rare Earth High-Tech Zone, becoming a fresh force driving the development of the rare earth future industry.

Recently, the project "Geological Survey and Block Optimization of Strategic Emerging Industry Minerals," led by the Institute of Mineral Resources of the Chinese Academy of Geological Sciences, has achieved significant prospecting progress in the Mianning working area of Liangshan Yi Autonomous Prefecture, Sichuan Province. The discovery is located on the important Mianning-Dechang rare earth metallogenic belt and represents another landmark breakthrough in the exploration of concealed rare earth deposits in thick overburden areas within this belt, providing new physical support for increasing regional rare earth reserves and production.