LNR Heritage surveys completed - 10,000m+ drill program next.
Our rare earths Investment Lanthanein Resources (ASX: LNR) has just completed heritage surveys over its rare earths project in the Gascoyne region, WA.
With heritage surveys complete, LNR has already kicked off-site works for drilling access.
The next step for LNR is to run some more geophysical/geochemical surveys across the new outcropping ironstone targets LNR found recently.
We expect the geophysical/geochemical work to be completed while LNR prepares for its upcoming drill program.
LNR’s drill program will be for over 10,000m of drilling across two targets:
1) Shallow Ironstone targets - following up on last year's program.
Ironstones are the same type of rocks that host $312M Hastings Technology Metals & $200M Dreadnought Resources rare earths projects.
Ultimately LNR is chasing rare earths mineralisation here that mirrors Hasting's projects next door and eventually the definition of a maiden resource estimate.
2) Deeper carbonatite targets that have never been drilled.
LNR's carbonatite targets are giant geological structures, similar to the $6BN capped Lynas Rare Earths Mount Weld producing mine.
Mount Weld is a giant carbonatite-hosted rare earths resource in WA, and it's one of the highest-grade rare earth deposits in the world.
Below is an image of LNR’s carbonatite targets and where the company plans to drill:
To see our detailed note on LNR's upcoming drill program, check out the following: LNR is targeting a new rare earths discovery.