Crossland Strategic Metals Ltd (ASX:CUX) is exploring for rare earth elements and uranium in the Northern Territory and South Australia.
To follow up the encouraging rare earth elements results from the Charley Creek Project in the Northern Territory, the Crossland Uranium Mines (ASX: CUX) and Pancontinental Uranium Corporation (TSX-V: PUC) joint venture has commenced an evaluation auger drilling program.
The main goals of the program include the establishment of an on-site alluvial sample processing facility to produce heavy mineral concentrates, which can then be submitted for REE analysis.
Crossland has already commenced the set-up of the on-site processing facility, and expects this to be in operation by early in December 2010.
Earlier in the moment Crossland announced a heavy mineral concentrate at Charley Creek from a sample of stream channel alluvium returned high values for REE, (39% total rare earth oxide), with particularly high proportions of the heavy REE, including gadolinium , terbium and dysprosium.
Crossland's said these oxides are present in phosphate minerals, which should be readily processed using available REE extraction technology.
The current drilling program is intended to rapidly assess the potential for development of an alluvial mining project to produce a heavy mineral concentrate with similar REO contents to those in the initial sample, and to take advantage of a present and foreseen global shortage of certain of the REO, particularly the heavy REO, over the next few years.