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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 0.008 (266.67%)+
Announcement
Release
23 Dec 2024 3:31PM
Price at Release
$0.003
Full Release
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Summary
Corella Resources Ltd has reported significant exploration drilling results from its CR9 tenements, highlighting a successful intersection of rare earth elements (REE) within a paleochannel target, revealing elevated Total Rare Earth Oxide (TREO) levels up to 478 ppm, including a notable fraction of Magnetic Rare Earth Elements (MREE). The exploration has identified potential zones conducive to the ionic binding of REE to kaolinite, supported by ongoing analysis of mineralogical and metallurgical characteristics. The results indicate promising avenues for further drilling and mineral exploration.
Key Points
  • Paleochannel target holes intersected an 18m section with elevated kaolin clay and TREO up to 478 ppm.
  • MREE content reached up to 24% in the paleochannel.
  • Pegmatite targets revealed fractionated NYF pegmatites with TREO up to 929 ppm.
  • Further step-out drilling is planned for mineralogical and metallurgical characterization.
  • Exploration targets generated in newly granted tenements in the region.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.