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Dalaroo outline a rare opportunity

1 December 2022 11:42
ASX: DAL

Further exploration for REE and lithium has uncovered new pegmatite districts, that are prospective and untested for both lithium and rare earths potential.

The REE anomalies at Marloo River returned grades of up to 1278ppm total rare earth oxides and 93.5 ppm lithium, with further pegmatite sampling within the anomalous rare earth zone showing 0.89 per cent TREO.

Dalaroo have further avenues for exploration at Lyons River including a large pegmatite swarm spanning a nine-by-six-kilometre area known as the View Hill Pegmatite Zone, while smaller swarms occur within a major structural corridor.

A first pass over View Hill indicated fertility for rare metal pegmatites, with rock chips returning grades up to 114ppm lithium and 1638ppm rubidium and further growing a multi-commodity opportunity in the emerging Gascoyne province.

“We are excited by the REE results of 0.89% TREO from the newly outlined Marloo River prospect. Rock chip samples suggest the pegmatites in this district are fertile for potential rare metal pegmatite-associated mineralization,” Managing Director Harjinder Kehal.

“The Company is continuing to uncover the growing multi-commodity prospectivity of its 100% owned 703 km2 Lyons River Project, in the underexplored Gascoyne Province of the Capricorn Orogen, Western Australia.”

Dalaroo has plans to undertake detailed mapping and rock chip sampling of pegmatites across Lyons River, including step-out soil sampling next to a greater than 700 TREO soil anomaly to the Marloo prospect’s north.

DAL’s Australian Stock Exchange-listed share price has risen 9 per cent today, currently selling at 12c (10.25 am UTC+ 8 hours).

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