Brazilian Rare Earths Limited (ASX:BRE) Reports Record Rare Earths Grades
Record High Grades at Monte Alto
Brazilian Rare Earths Limited (ASX: BRE) has announced record ultra-high-grade rare earth elements (REE) grades at its Monte Alto Project, revealing a significant advancement in its exploration results. The latest data confirms exceptional Total Rare Earth Oxide (TREO) grades reaching up to 45.7%. Notable quantities of neodymium and praseodymium (NdPr) were reported at 69,558 ppm, along with heavy rare earth content of dysprosium and terbium (DyTb) registering up to 11,696 ppm.
Drilling Results and Implications
The new drilling results indicate a consistent and substantial mineralized envelope, presenting high-grade intervals across various assays. Significant intercepts from the latest diamond drilling include 37m at 16.1% TREO and further high-grade intersections throughout the project area. Notably, 18m at 6.8% TREO has been highlighted from surface samples of monazite-sand.
CEO and Managing Director, Bernardo da Veiga, remarked on the findings: “Today, we are pleased to report new drilling results that include some of the highest grades ever reported globally.” He emphasized the project’s potential, stating, “The scale and continuity of the high-grade mineralisation provide a strong foundation for an updated JORC resource estimate, expected in Q2 2025.”
Future Exploration Plans
Looking ahead, Brazilian Rare Earths aims to expand its exploration efforts further. A magnetic and geophysical drone survey is scheduled for Q1 2025, closely followed by step-out diamond drilling to ascertain the continuity of the resource. The upcoming studies will also include the independent JORC resource estimate in the same timeframe, reinforcing the project’s strong geological promise.
Brazilian Rare Earths Limited maintains a dominant position in the Volta do Rio Plutonic Suite, unlocking substantial future exploration avenues for further discoveries in the region.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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