Legacy desktop work has verified the two properties are prospective for rare earth elements, especially neodymium and praseodymium, and uranium oxide mineralisation. Arctic Fox is contiguous and along strike from the world-class Nolans Bore REE project, which is set for commissioning in mid-2022 and has a JORC Compliant Mineral Resource. Additionally, Isbjorn is contiguous to the advanced Charley Creek REE project.
Internal review of recent reports by Adamas Intelligence on rare earth elements (REEs) and
Geological consultancy appointed
Megawatt has appointed ASX-listed
Elmore expects the campaign to take 8-10 days in total and use a team of four made up of geologists and technicians. The team will undertake geological mapping and comprehensive sampling across prospective areas within both properties. Further, the team would use helicopter and follow up ground support to ensure the campaigns are completed most efficiently.
Review of assay results once fully analysed, may lead to formulation of targets for test-drilling and further follow up development work.
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MegaWatt is a
Additionally, the Company has acquired a 60% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in
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