Progress of the West Australian North Stanmore Heavy Rare Earth Mine and Others

Sampling at Victory Metals' North Stanmore heavy rare earth project in Western Australia revealed the highest-grade orebody among global clay-type rare earth mines, with a dysprosium grade as high as 0.0218%.

The terbium grade was 0.007%, which is also rare in global clay-type rare earth mines for such high grades.

Dysprosium and terbium are the highest-priced rare earth metals, at $650/kg and $2,300/kg, respectively.

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Power Minerals encountered the highest-grade orebody to date at its Santa Anna project in Brazil.

One drill hole intersected 14 meters of ore from the surface, with a TREO grade of 1.7944%, and the orebody remained open at the end of the hole. This included a 5-meter section grading 2.8516%, with a peak of 1 meter at 6.2027%, and a Pr-Nd content of 0.76%.

The company's initial drilling indicated that niobium-rare earth mineralization extends into the deeper fresh rock, with a "very rich clay layer" near the surface.

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Dateline Resources will gain full control of its Argos strontium project in California, which is considered the largest known strontium deposit in the US.

Argos is comparable to strontium mines in Mexico, which currently supply most of the US strontium.

The company stated that the Argos strontium mine complements the Colossem gold-rare earth mine.