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PVW’s rare results keep on coming

12 January 2022
ASX: PVW
Jack Baker

PVW has recorded more high-grade rock chip findings at the project’s Killi Killi and Watt’s Rise prospects, following on from the discovery of up to 12.45 per cent of total rare earth oxide at Killi Killi last October.  

Assays up to 8.77 per cent of total rare earth oxides came in for the seasoned explorer, including an assay of 6221 parts per million dysprosium, extending the strike length of the drill targets at Killi Killi East 1 and 2 by at least 800 and 500 metres.  

More than half of the 22 samples returned greater than one per cent total rare earth oxides and confirmed additional gold mineralisation from the Killi Killi East rock chips.  

As the US continue to search for rare earth elements to compete with the massive amount held by China, positive results from an explorer with an experienced REE team are all significant.  

The company said its team was finalising the maiden drill program, set to commence in April following the northern wet season.   

“The significant number of high-grade rock chip samples provide PVW with a large number of walk-up targets in an emerging rare earth province,” executive director George Bauk said.  

“Whilst the results continue to deliver the significant presence of Heavy Rare Earths including dysprosium and terbium, we have also seen some significant numbers for neodymium and praseodymium which are all critical in the permanent magnets.”

The company’s next steps are geochemical soil sampling results expected over the next couple of months.  

The findings will guide geophysical interpretation of Watts Rise and Killi Killi trend in assessing preliminary metallurgy study results in March ahead of a maiden REE and drilling program at the sites in April. 

PVW’s Australian Stock Exchange-listed price has risen 7.55pc, currently trading at 57c (9:55 am UTC+8 hours) 

COMPANY OVERVIEW

PVW Resources (ASX: PVW) is a diversified resource company established by a group of highly experienced mining executives that includes key members of the team that founded Northern Minerals and oversaw the development of the Browns Range Heavy Rare Earths Project. With a project portfolio spanning Tier-1 mining jurisdictions in the Tanami region of the NT, Kalgoorlie and Leonora, PVW has embarked on a potentially game-changing exploration campaign at its flagship Tanami Heavy Rare Earths and Gold Project in the NT. Located in the heart of the world-class Tanami mineral province, the Tanami Project offers exceptional potential for significant new heavy rare earths and gold discoveries, at a time when demand and pricing for critical minerals such as rare earths has never been more favourable to incentivise the discovery and development of potential new supply sources as part of a diversified global supply chain.

COMPANY INFORMATION

ASX: PVW

Website

https://pvwresources.com.au/
https://www2.asx.com.au/markets/company/pvw

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