Venture Minerals (ASX: VMS) has announced the second batch of assay results from the recently completed Stage One resource definition drill programme at the largescale, clay hosted Jupiter Rare Earths prospect, Western Australia.
The latest drilling includes a record intersection of the rare earth elements Nd (Neodymium) and Pr (Praseodymium) at the Jupiter Prospect.
Managing director, Andrew Radonjic, commented, “Jupiter continues to deliver broad zones of high-grade mineralization with standout levels of REE minerals that are in high demand. The record intersection of over 5,000 ppm of NdPr oxides in these results compliments the previous batch of very-high-grade results. Neodymium and Praseodymium are vital to the manufacture of permanent magnets for decarbonization and defence applications.”
The latest assay results from the drilling completed late last year continues to deliver consistent high-grade zones (+2,000ppm TREO) over 20-30m widths, within broader zones up to 72m grading well over 1,000ppm TREO with thorium and uranium levels remaining consistently extremely low.
These results continue to validate geophysics and cover only a small portion of the 40km2 Jupiter target. Included in this second batch of assay results is a record intersection of 5,056ppm NdPr oxides in BRRC 061 with 3,824ppm Nd2O3 and 1,232 ppm Pr6O11.
In addition, there are very high-grade results in both BRRC 061 & 076 including assays up to 13,906ppm TREO. Assay results for 46 of the 51 (90%) drill holes received so far from the Stage One resource definition drill programme, have results >1,000ppm TREO.
Magnet rare earth oxides (MREO) continue to average 23% in intersections over 1,000ppm TREO. The MREO assays received so far from the Stage One resource definition drill programme include several over 1,000ppm Nd2O3 (Neodymium) up to 3,824ppm, and several over 300ppm Pr6O11 (Praseodymium) up to 1,232ppm, and several over 50ppm Dy2O3 (Dysprosium) up to 674ppm, and several over 10ppm Tb2O3 (Terbium) up to 101ppm. In addition, there are elevated levels of Samarium with several over 100ppm Sm2O3 up to 389ppm.
Moreover, the Brothers Project, including the Jupiter prospect, is well located in regional Western Australia away from any significant population centres, but close to infrastructure with a nearby bitumen highway and gas pipeline on route to the major port of Geraldton.
To find out more, please visit www.ventureminerals.com.au
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