Siteworks commenced for maiden rare earths drill program
This morning, our rare earths Investment Lanthanein Resources (ASX:LNR) announced that siteworks had commenced to set up access tracks and prepare drill sites.
LNR Technical Director Brian Thomas said “drill rig is scheduled to mobilise to site by weeks end with drilling to start in the first week of September - which is right around the corner.
Our LNR Progress Tracker is available here - we use it to see how progress on projects evolve over time:
LNR is chasing a rare earths discovery in its maiden drill program - this comes as interest in the Gascoyne region’s rare earths potential heats up.
Dreadnought Resources 32kms to the west of LNR’s tenement has made a discovery at Yin and Hastings Technology Metals has announced the acquisition of a 22.1% shareholding in Canadian listed Neo Performance Materials Inc for C$135 million ($150M).
We like the look of the intrusive carbonatite structures LNR is targeting (yellow circles) in the below map at the Lyons project:
What’s next for LNR: We expect drilling to commence next week, and are keen to see early results.
