The results include some of the highest grades returned from the project to date, Pensana said, confirming the continuity of the “thick blanket” of NdPr mineralisation from surface.
Among the highlights from this latest round of drilling was hole LRC135 which returned 14 metres at 5.2% rare earth oxides (REO) including 1.06% NdPr from surface.
Hole LRC136 returned 22 metres at 4.16% REO including 0.82% NdPr from surface to the end of the hole.
Assay results from the remaining holes are expected shortly and will allow an updated mineral resource estimate to be completed in support of the preliminary feasibility study which is scheduled for completion in September.
“These high grade NdPr intersections are exceptional and demonstrate that the weathered blanket of mineralisation at Longonjo contains some of the best global NdPr grades,” said executive director Dave Hammond.
“The close spaced drilling in the proposed open pit area is confirming the continuity of the NdPr mineralisation over substantial widths from surface and will provide the detail required to support an upgrade of this part of the mineral
Resource estimate from the current Inferred to the Indicated JORC category, as is required for a Preliminary Feasibility Study.”