Mineral exploration company, Frontier Resources has put its foot on more tenure prospective for rare earths and lithium mineralisation in the Gascoyne region of Western Australia. The new acquisition, named the ‘Mt Clere project’, covers 350 square kilometres of the Durlacher Supersuite lithology that also hosts the “world class” Yangibana rare earths deposit in the region.
The exploration licence application at Mt Clere adds to Frontier’s Gascoyne project where 230 square kilometres of Durlacher Supersuite rocks have also been identified.
Notably, Gascoyne adjoins the Yangibana rare earths deposit operated by ASX-listed Hastings Technology Metals.
Hastings, with a market cap of about $450 million, has drilled out a serious 27.42 million tonne resource grading 0.97 per cent total rare earth oxides at its discovery. Rare earths mineralisation at Hastings’ deposit is hosted in Yangibana ironstone rocks located within the Durlacher Supersuite lithology.
Curiously, Mt Clere also appears to show potential for lithium mineralisation with lithium-bearing pegmatites identified at the project and at an adjoining tenement, according to Frontier.
The strategic pegging of the Mt Clere Project is a great opportunity to expand our exploration focus for rare earths and lithium to complement our existing Gascoyne Project in Western Australia. It’s an exciting time for our Company and we expect to undertake the on ground reconnaissance exploration work as soon as possible.
Frontier is eyeing initial field exploration to identify and confirm the potential for rare earths and lithium mineralisation at Mt Clere.
Subsequent exploration at the project could include soil geochemical sampling, rock sampling and geophysical surveys in the lead up to the potential drilling of high priority target areas.
The acquisition of Mt Clere appears to broaden Frontier’s portfolio of projects prospective for the discovery of minerals linked to the electrification of the modern-day world.
The company is set to secure its Gascoyne rare earths project and its Koolya kaolin and high purity alumina project, west of Kalgoorlie, after recently moving to acquire 100 per cent of private group, Dalkeith Capital – the applicant for all tenements at the two projects.
Perth-based Frontier says the projects complement its other recent acquisition of the Murraydium rare earths project in South Australia.
Geological mapping and helicopter-supported rock chip sampling at Gascoyne have already wrapped up and the company says it has identified outcropping rocks interpreted to represent Yangibana style ironstones.
Frontier has also launched an airborne magnetic-radiometric survey over its Gascoyne project to better define drill targets at the prospective tenure.
The company is focusing its exploration efforts at Gascoyne on neodymium and praseodymium – rare earth elements vital in the production of magnets for electric motors used in a wide array of applications including electric vehicles and windmills to name just two.
A recent report by international research organisation, Roskill, determined that global appetite for electric vehicles could rise by 26 per cent per annum over the next decade. The report also forecast that demand for magnets containing neodymium from the electric vehicle sector alone could account for more than 40 per cent of total global demand by 2030.
Frontier says other research conducted by Adamas Intelligence, an independent research and advisory organisation, concluded that global magnet rare earth oxides consumption could rise five-fold from US$2.98 billion recorded in 2020, to as much as US$15.65B by the end of the decade.
With the acquisition of Mt Clere, Frontier appears to have added further potential for discovery of strategic minerals central to the green revolution being waged around the world.
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