Askari Metals (ASX: AS2) has obtained promising assay rock sampling from its Barrow Creek Lithium Project in Australia’s Northern Territory.
The company has identified exciting prospectivity for rare earth element (REE) potential at Barrow Creek with Total Rare Earth Oxide (TREO) results of up to 4553 ppm.
Highlights
– Results from the south-central field programme identify exciting prospectivity for Rare Earth Elements (REE)
– Total Rare Earth Oxide (TREO) results of up to 4553 ppm TREO
– Other TREO results from this phase of work include values of:
o 2143 ppm TREO, 1243 ppm TREO, 1235 ppm TREO and 1091 ppm TREO – Follow-up work planned for newly identified REE potential
VP-Exploration & Geology, Johan Lambrechts, says this is an outstanding result for the company, given the REE were not a target of the work being carried out at the prospective lithium project.
Follow-up work is planned to investigate further REE potential in the south-central portion of the project as well as the project as a whole.
The highly anomalous REE results are very encouraging, especially at a time when the world is facing REE supply deficits and supply chain issues.
The program targeted an area in the south-central part of the Project and was aimed at pegmatites previously untested for lithium mineralization but with lithologies analogous to those in the north-west and south-east area of the Barrow Creek project.
The company has identified fertile LCT pegmatite in these analogous areas stretching over 4.8km by 3.8km as well as lithium grades of up to 212 ppm Li (456 ppm Li2O).
“The potential represented by these Total Rare Earth Oxide results is very exciting to the Company and will be followed up as soon as possible,” Mr Lambrechts said.
“One regularly reads about results in the one to two thousand ppm TREO range, but to have one result at 4553 ppm TREO and another at 2143 ppm TREO is extraordinary, especially considering rare earth elements were not the target of work being conducted.
“It demonstrates the company’s ability and focus to identify and extract potential for shareholders from every aspect of our work.
“The Barrow Creek Project still has a lithium focus, but we will now widen our radar to include rare earth elements here as well.”
For further information please visit: https://www.askarimetals.com/
