Power Metal Resources plc has completed initial field exploration on the Balthaga lithium project 450km east of Jeddah in the southeast of the Arabian Shield. GEOLOGY A total of 43 in-situ rock chip samples were taken from targets visited while new areas were identified during the seven-day programme over more than 1,200 km2. The programme is included in the […]
Tag: rare earth elements
EGT encouraged by further Olserum assays
European Green Transition plc said additional “encouraging” sampling assays supported the possibility of a district-scale system, with further potential, at its Olserum rare earth elements project in south Sweden. CONTINUITY Grab samples were taken at the Djupedal prospect, the nearby Bersummen area, and the newly identified Stora Lockerum structure, with initial results published in May. […]
EGT defines large REE zone and drill targets
European Green Transition plc said it had defined a new large zone and several drill targets at the Djupedal prospect, 2.5km northwest of the Olserum rare earth elements project in south Sweden. EXPANSION Channel samples over a 100m zone showed REE mineralisation, including three metres grading 1.58% total rare earth oxide and one metre grading […]
EGT to drill at Olserum during H2
European Green Transition plc expects to begin a 42 drill hole programme for 9,000m during H2 at its flagship 6.5km2 Olserum rare earth elements project in southern Sweden. POTENTIAL The company said it received approval for two years following consultation with landowners and the Kalmar County Board. Work will include resource infill at the existing Olserum resource, […]
Study expands and increases lithium-REE target areas at Selta
Power Metal Resources plc reported a “sigificant” expansion in the existing rare earth element and lithium exploration target area as well as new target areas at Selta in the Northern Territory. PRIORITY The company’s subsidiary (58.59%) First Development Resources plc (FDR) commissioned a high-level geophysical and geographical information system desktop study on the project’s mineral exploration […]
Altona secures majority share in Monte Muambe
Altona Rare Earths plc today confirmed it had secured the majority shareholding in the Monte Muambe project in northwest Mozambique. DE-RISKING The increase from 20 to 51% ownership of subsidiary and licence holder Monte Muambe Mining Limitada follows completion in October of phase II involving the scoping study. The transfer is subject to final approval […]