Resource Star (ASX: RSL) has interests in uranium exploration assets in the Northern Territory, Western Australia and Malawi.
The company's main projects include joint ventures with Globe Metals and Mining on the Livingstonia Uranium Project and Machinga Rare Earths Project in Malawi, the 100%-owned Edith River Uranium Project in the Northern Territory and the Spinifex joint venture with Thundelarra Resources in Western Australia.
Resource Star (ASX: RSL) has flagged the start of drilling at the Machinga Rare Earths Project in Malawi by Globe Metals and Mining (ASX: GBE) today.
The 4,000 metre reverse circulation drilling program is designed to extend the significant heavy rare earth oxides and niobium mineralisation identified in a 2010 drilling program.
Results from that program included:
- 11 metres at 1% total rare earth oxides (TREO) with 330 grams per tonne (g/t) dysprosium from 12 metres, including 4 metres at 1.4% TREO with 492g/t dysprosium; and
- 5 metres at 1.55% TREO with 596g/t dysprosium from 19 metres, including 1 metre at 2.5% TREO with 971g/t dysprosium.
The current program will target the Machinga Main Zone and previously identified anomalies at the Lingoni prospect.
Resource Star owns 80% of the Machinga project, with Globe holding a 20% interest.
Globe is able to earn up to an 80% stake in the project by completing a Feasibility Study.