3D Models reveal carbonatite REE Targets

Published 10-JUN-2022 12:31 P.M.

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Investment Memo: LNR 2022

Objective #1: Complete EM surveys to generate targets

This morning our rare earths exploration Investment Lanthanein Resources (ASX: LNR) announced the results from more geophysical works being done ahead of the maiden drilling program at its REE project.

Today’s news highlighted the presence of a number of intrusive carbonatite occurrences. LNR believes these represent “larger tonnage style REE targets that extend to over 2km depth”.

The 3D modelling has put together at least three different occurrences, varying in size as follows:

Intrusive target LI01:

4.3km in diameter at surface, extending ~1km at depth.

Intrusive target LI03:

Circular ~2.8km diameter from a depth greater >2km.

Intrusive target LI05:

2km x 1.3km structure with the source at ~2km depth.

This brings to light a geophysical target that LNR likens to the Mount Weld Project owned by Lynas Rare Earths (capped at $8.2 billion). The Mount Weld Project is well defined by similar geophysical works that describe a “vertical cylindrical body, 3 to 4 km in diameter”.

It is still far too early to draw conclusions from all of this, but the target generation works have thrown up some really interesting targets that we can't wait for LNR to drill.