Dundas Minerals is ramping up rare earth exploration, with the Company outlining plans for the next stage of exploration at its name-sake Dundas Project in Western Australia’s emerging Albany-Fraser Orogen region.
Rearing On Rare Earth
The 400m spaced drilling campaign will kick off once the explorer has obtained all pre-requisite approvals and secured appropriate access to the planned drilling sites, following up on a previous campaign conducted earlier this year that returned elevated REE grades up to 1,241.8ppm TREO.
Figure 1: Tenement holdings of various ASX-listed companies actively exploring for REEs in the vicinity of Dundas Minerals “Dundas” Project exploration licences
Dundas set about planning the campaign following a complete review of various geophysical and geology data sets from across the Project, with exploration plans being spurred on by a number of recent successful programs on licences adjacent to Dundas’ Project.
The Company in particular cited the recent success of neighbour Metal Hawk Limited, who retrieved intersections grading up to 3101ppm TREO from its Fraser South Project which borders Dundas’ rare earth holdings earlier this week.
Alongside preparing to move on its namesake project, the explorer has also swelled the scale of the Project, acquiring exploration licence E63/2063 which is located within the Project’s current borders, bringing all exploration licences within the Company’s Dundas Project area under its control.
The newly acquired licences have yet to see REE-focused exploration, with activities by AngloGold Ashanti Australia Limited having mainly focused on gold exploration.
DUN’s Australian Stock Exchange-listed share price has risen 5.81 per cent today and is trading at 9.1c (1.41 pm UTC+ 8 hours).