After confirming heavy rare earth in Western Australia’s Tanami desert, PVW has presented its potential to be a significant supplier amid surging global demand.
With a team holding extensive experience with rare earth elements, including the exploration and development of the nearby REE-famous Browns range project, the Perth-based explorer is in an ideal position to capitalise on its find.
China’s dominance in producing heavy REE’s likewise places Australian developers in a commanding position to supply the US as it stares down emissions targets with rare earth-needy renewable technologies.
PVW’s George Bauk, Robin Wilson and Colin McCavana were all integral in Northern Minerals, led the transition from greenfields to production, and now stand ready with the luxury of experience to do it again.
The WA-focused explorer additionally holds gold projects in the tier-1 Leonora and Kalgoorlie districts, and its Ballinue project in the West Yilgarn targets the province’s nickel-copper-platinum group elements.
PVW’s Australian Stock Exchange-listed price has risen 1.09pc, currently trading at 46.5c (8:32 am UTC+8 hours)