Heritage surveys completed, drilling soon.

With heritage surveys completed, Lanthanein Resources (ASX:LNR) is slated to begin drilling in early September.

This drilling campaign is the key catalyst for our rare earths Investment, and we’ve been waiting for LNR to get the go ahead on this for the last two months.

The area that LNR will be drilling in has seen a wave of interest hit it over the last couple months as Dreadnaught Resources hit excellent grades at its Yin discovery and the more established Hastings Technology Metals edges closer towards production.

Having looked at both Dreadnought’s drilling results and Hastings’ most recent drilling results, we’ve outlined the following cases for LNR’s maiden drilling campaign:

Bull case: Significant mineralisation is found (approaching Dreadnought results, ~10-20m at 2-3% TREO)

Base case: Enough mineralisation is found to warrant follow up drilling (similar hits to nearby Hastings - ~5-10m at ~1-2% TREO).

Bear case: No mineralisation is found

We note the proximity of Hastings’ latest drilling, just 2.5kms away in the same geological setting.

What’s next for LNR? Site works will begin shortly, with drill sites being prepared after the drill targets were finalised in June.