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LNR Heritage surveys completed - 10,000m+ drill program next.

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Published 24-MAR-2023 12:04 P.M.

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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:

LNR 1.PNG

To see our detailed note on LNR's upcoming drill program, check out the following: LNR is targeting a new rare earths discovery.