Management says extensive areas of the prospect remain untested, but could still be prospective in an area measuring an estimated 9km by 2km. The clay-dominant regolith depths vary considerably, ranging from 20m to 40m in the western side of the ground to as much as 95m in the east.
WA’s Mid West has recently risen from obscurity in regards to its rare earths potential, with multiple companies now reporting the unusual minerals suite from the lower section of the Periodic Table.
Venture’s Jupiter prospect has been delivering what seems to be an almost unending stream of spectacular clay-hosted rare earths hits in recent months. Last month, the company reported eye-catching intersections up to 60m at more than 2000ppm TREO.
The results include one hole intercepting 39m at 2960ppm TREO including 18m going 5206ppm, which also features 2m at 26,958ppm.
The burgeoning rare earths hunt is driven largely by the recent global “decarbonisation imperative” that sees an increasing numbers of explorers heading off in a search for rare earths minerals, lithium and other battery elements. In short, it is true that if you don’t look you will never find and Terrain is enmeshed in its hunt at Larin’s Lane.
The company is also assessing the gallium potential at its Lort River project area, so it seems to have the bit between its teeth on the metal, in addition to the rare earths potential within both projects.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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