Strategic Energy Resources Ltd (ASX:SER) Updates on Ambergate Heavy Mineral Sands Project
Retention Licence Granted
Strategic Energy Resources Ltd (SER) announced that its Ambergate Heavy Mineral Sands Project has been granted Retention Licences R70/4793 & R70/5012, allowing the company to hold the deposit at minimal ongoing cost.
Resource Estimate
The project boasts a JORC 2012 Inferred Mineral Resource of 11.2Mt grading 5.1% Heavy Minerals, amounting to 569,000t. The heavy mineral assemblage includes 73% ilmenite, 12% leucoxene, 12% zircon, 0.6% monazite, and 2% other minerals.
Future Plans
SER is actively investigating options to realise the project’s value, focusing on maximizing shareholder value through advancing the divestment process of the Ambergate HMS asset.
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