Lanthanein finds more ironstones in WA

Our rare earths Investment Lanthanein Resources (ASX:LNR) discovered what could be more ironstones at its project in WA using satellite imaging.

By examining Worldview‐3 satellite imagery, the company has identified 41 new targets that could be related to rare earths bearing ironstones.

We think this is a promising development that could help generate further drill targets for LNR to follow-up after recently completing its maiden drilling program at its project.

While we wait for assays from that initial drill program, LNR said they would be trying to correlate the satellite imagery with rock sampling to identify the highest priority targets.

We also note that LNR mentioned it would be drilling its “LI‐01 Crown Carbonatite” in either Q4 2022 or Q1 2023.

This is a big target for us as it shares some geological similarities with Lynas’ Mt Weld, this drill program has been co-funded with help from the WA government who chipped in $200k.

This is what that looks like:

Note the presence of an array of ironstone targets within the LI-01 Crown Carbonatite intrusive.

And for reference, this is what Mt Weld’s carbonatite looks like (green line):

Obviously, these are just targets and exploration risk is an ever present feature here. But we do like the looks of this carbonatite target that LNR is aiming to drill.

What’s next for LNR?

The next catalyst will be the results from the recent round of drilling LNR completed.

After this, our focus will be on the “LI‐01 Crown Carbonatite” drilling program.