Enterprise Minerals Restricted (ASX:VMS, OTC:VTMLF) has acquired a key landholding adjoining to the Jupiter Uncommon Earths Discovery throughout the Brothers Venture within the midwest area of Western Australia, securing the remaining precedence clay hosted uncommon earth targets throughout the neighborhood of Jupiter.
The tenure is positioned between the large-scale, clay-hosted Jupiter prospect and the corporate’s northern tenure, which already hosts vital uncommon earth mineralisation solely 10 kilometres from the Jupiter discovery.
This key landholding is a part of a 361-square-kilometre strategic tenement package deal acquisition that enhances the present tenure and expands the challenge space by 36% to 1,353 sq. kilometres.
The landholding connects Jupiter with mineralisation 10 kilometres to the north the place drill intersections embrace as much as 45 metres at 1,455 components per million (ppm) whole uncommon earths oxides (TREO) together with 15 metres at 2,105 ppm TREO, whereas offering direct unencumbered entry from Jupiter to a significant bitumen street.
The Brothers REE Venture with the Jupiter Goal (NYSE:), in Western Australia, exhibiting new further tenement purposes.
“This strategic acquisition strengthens the corporate’s land place round Jupiter and facilitates unencumbered entry throughout the challenge. It offers a possible extension of high-grade, clayhosted uncommon earth mineralisation to the north of Jupiter and secures the remaining precedence clay-hosted Uncommon Earth targets across the discovery.,” mentioned Enterprise Minerals managing director Andrew Radonjic.
The Jupiter prospect
“Jupiter is rising as a significant, uncommon earths discovery that’s ideally positioned between Lynas’s present plant and Iluka’s deliberate uncommon earth processing amenities within the tier one jurisdiction of the Midwest area Western Australia,” Radonjic added.
The Jupiter prospect holds an Australian document clay hosted intersection of 48 metres at 3,025 ppm TREO.
Drilling right here has delivered constant high-grade zones (in extra of two,000ppm TREO) over 20-30 metre widths. These excessive grade zones sit inside broader zones of as much as 72 metres, grading properly over 1,000 ppm TREO. Very high-grade outcomes embrace assays as much as 13,906 ppm and 20,538 ppm TREO.
It additionally boasts a document intersection of 5,056 ppm neodymium-praseodymium (NdPr) oxides, with 3,824 ppm neodymium and 1,232 ppm praseodymium. Outcomes additionally embrace excessive grades of different magnet uncommon earth oxides (MREO) and intensely low thorium and uranium.
Enterprise Minerals’ Brothers Venture mixed tenure (granted and pending) on regional geology with whole magnetic depth picture highlighting massive interpreted alkaline intrusion and clay hosted REE mineralisation on the Jupiter goal.
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