Peak Rare Earths Limited (ASX: PEK) has announced the next set of assay results from its critical minerals exploration programme, which is targeting the multi-commodity potential of the Ngualla carbonatite system.
Assays have been finalized for 31 RC holes across the Northern Zone, which follows the completion of drilling activities at the end of last year. The results indicate extensive high-grade and shallow mineralization of niobium, phosphate, and rare earths.
Further assay results from several key targets within the Northern Zone and Breccia Zone are expected by the end of this month.
CEO, Bardin Davis, commented, “We are extremely excited by the niobium intersections, which support the potential of a very high-grade niobium mineralization area within the Northern Zone. The extension of shallow and widespread phosphate mineralization within the Northern Zone is also very pleasing and supports the recently identified opportunity to supply phosphate into the local fertilizer market. We are eagerly awaiting the assay results from the remaining drill holes across the Northern Zone and Breccia Zone.”
Numerous high-grade niobium intercepts including:
- NRC368: 26m at 0.81% Nb2O5 from surface including 14m at 1.09% Nb2O5 from 14m
- NRC372: 62m at 1.26% Nb2O5 from surface including 36m at 1.88% Nb2O5 from 22m; the highest-grade niobium intercept at Ngualla to date
Further widespread and high-grade phosphate mineralization, supporting the recently identified opportunity to supply phosphate into local fertilizer sector, included:
- NRC367: 60m at 20.5% P2O5 from 10m
- NRC368: 32m at 22.0% P2O5 from surface, 10m at 19.5% P2O5 from 38m and 8m at 22.3% P2O5 from 64m
- NRC375: 10m at 23.0% P2O5 from surface and 11m at 18.8% P2O5 from 46m
To find out more, please visit www.peakrareearths.com
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