Barkly Rare Earths has secured the necessary environmental mining licence, paving the way for a substantial 10,000-metre exploration drive at its primary rare earths site in the Northern Territory. The campaign, comprising over 400 shallow drill holes averaging 25 metres deep, is set to commence. Alongside this, the company is accelerating efforts at its Buntine base metals project.
The core of the operation centres on Barkly’s established rare earths deposit, which exhibits a notably high concentration of neodymium and praseodymium (NdPr). This focus comes at a time when Barkly is also assessing its holdings within the Tennant Creek Mineral Field, a region historically significant for high-grade copper-gold deposits, including the "Bluebird" discovery.
Barkly plans to employ portable X-ray fluorescence machines, enabling real-time chemical analysis during the exploration process.
Barkly Project: A Dual Focus
The Barkly project, situated on the edge of the Tennant Creek Mineral Field (TCMF), is being explored for both rare earths and base metals. While the current news highlights the rare earths drilling initiative, the tenements are also recognized for their potential to host significant copper-gold mineralization, akin to past mining operations within the TCMF.
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The "Bluebird" prospect, a key copper-gold target, lies within a 5-kilometre corridor. The company's plans also acknowledge the importance of maximizing gold recovery, particularly given current market prices.
Resource Assessment and Future Potential
Barkly’s rare earths deposit is characterized by its inferred mineral resources. Analyses indicate a remarkably high NdPr concentration when compared to other regolith-hosted rare earth deposits. An exploration target envelope suggests the possibility of further expanding the NdPr endowment of the deposit. This contrasts with the primary focus of the Tennant Minerals operations at the same project, which emphasizes copper-gold prospects like Bluebird, known for high-grade mineralisation.
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