HomeFinTechDesert Metals: Confirms high-grade, widespread REE mineralisation at Innouendy

Desert Metals: Confirms high-grade, widespread REE mineralisation at Innouendy

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Desert Metals Confirms high-grade, widespread REE mineralisation at Innouendy

  • Desert Metals (DM1) reports “outstanding” results from its 12,745-metre drilling program at the Innouendy project, WA
  • Highlighted results include 29 metres at 1371 parts per million (ppm) total rare earth oxide (TREO) from 28 metres and partial TREO intersections of four metres at 3436 ppm
  • According to DM1, the new assays confirm the “high-grade, widespread, thick and continuous nature” of rare earth mineralisation at the project
  • The company is now planning a major drilling campaign to further define the extent and continuity of the REE mineralisation at the project
  • Shares in DesertMetals are up 3.23 per cent, trading at 32 cents as of 1:44 pm AEDT
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