Red Mountain Mining (ASX:RMX) has started preliminary surface sampling at the Monjebup Rare Earths Project.
The company executed a binding agreement to earn-in 80% of the project with Liontown Resources (ASX:LTR) , as announced on 10 July 2023.
Red Mountain says based on its geological review over the 3 vast Monjebup tenements, an appropriate sampling plan has been designed. At this initial stage, the sampling will mainly be confined to the road reserves within the project’s 910km-square tenure package at 500m intervals.
The recently started surface sampling program is expected to conclude in 7 days. Upon completion of the program, appropriate samples obtained will be delivered to Intertek Genalysis for analysis.
Red Mountain reports assay results thereafter are anticipated to be available in 6 weeks.
The Monjebup Project is located circa 80km north-east of Albany, Western Australia and lies predominantly over private land with efficient road access within and around the project area.
From a geological standpoint, the Monjebup Project is in the Albany portion of the Albany Fraser Orogen. The Albany Fraser Orogen extends along the southern and southeastern margin of the Archaen Yilgarn Craton and comprises ortho-gneisses, granites and to a lesser degree sedimentary rocks and remnants of mafic dykes and large sheets of metagabbros, as well as mafic granulites.
In early 2022, Liontown applied for the project tenements with the intention to explore for ionic clay rare earth element potential. Early stage field reconnaissance and surface sampling along publicly accessible roads was completed within the project area. Highly anomalous REE results were subsequently obtained, including up to 969ppm TREO within E70/6043.
Red Mountain Mining is an ASX-listed mineral exploration and development company with a portfolio of critical minerals including lithium, rare earth and base metal projects, located in the US and Australia.
The company’s flagship project is based in Nevada, which is prospective for lithium claystone mineralisaton. The company’s other projects include the Monjebup Rare Earths Project and the Koonenberry Gold Project.
Write to Adam Orlando at Mining.com.au
Images: Red Mountain Mining
