Trek Metals Limited (ASX:TKM) Announces High-Grade Manganese Discovery
High-Grade Manganese Discovery
Trek Metals Limited (ASX:TKM) has reported highly encouraging assay results from its investee, Advanced Energy Fuels. The Pearana Prospect has emerged as a high-priority exploration target with multiple assays exceeding 30% Mn, including a peak assay of 51.8% Mn over a 3.5 km strike. Additionally, the Sharks Fin, Pothole, and Pearana South prospects returned assays above 30% Mn, with Pothole achieving the highest value of 57% Mn.
Exploration Progress
The company has executed key access agreements, enabling the commencement of heritage surveying, geophysical programs, and drilling at these promising targets. Next steps include drill targeting and geophysical surveys—gravity, magnetics, and electromagnetics—to refine high-priority targets for upcoming drill programs.
Executive Comments
CEO Derek Marshall stated, “We are pleased to report strong exploration results at the Hendeka Project, with the Pearana Prospect emerging as the primary exploration target. High-grade manganese mineralisation has been confirmed over a 3.5 km strike, with a high percentage of assays exceeding 30% Mn, reinforcing its potential as a significant discovery.
“The results from Pearana are outstanding and we look forward to the Prospect progressing through to drill testing as soon as practicable. This new area could add significant value to the defined Resource at the Contact Deposit which sits ~30 km South. Contact remains the focus and Trek looks forward to updating the market on numerous initiatives currently being advanced by AEF.”
Motley Fool contributor Lauren Surplice 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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