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SPECTRUM RARE EARTHS LIMITED

ASX: SPX

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Spectrum holds approximately 12,000km2 of tenements (11 granted and 19 application tenements) across the Northern Territory exposing it to multiple opportunities for success. Particulalrly successful are the discoveries in Northern Territory Rare Earth District which include the Stromberg and Skyfall Prospects.

At the Greenfield's 'Stromberg' discovery in our Daly Project, shallow, flat lying, Heavy Rare Earth mineralisation has been intersected from surface in over 85 drill holes. The highest grade intersection returning 7m @ 1% Total Rare Earth Oxide (TREO), from surface, has revealed that 95% of the rare earth content is valuable and high demand Heavy Rare Earth elements (HREE's).

At the Skyfall Prospect,recent results have outlined a large geochemical anomaly. Importantly, Total Rare Earth Oxide (TREO) assays are returning some values more typically used to define mineralised envelopes from drilling in the region. Work continues towards prioritising next step drilling. Importantly, assay results returned to date at Skyfall continue to show a very high proportion (39% of TREO) of Magnetic End Use Rare Earths including dysprosium and neodymium.

The Quantum rare earth prospect is located on the western margin of the mineral prospective Pine Creek orogen. More modern discoveries, such as Thundelarra Explorations Ltd's nearby Thunderball uranium resource, highlight the continuing importance of this region.

Spectrum also has a number of other projects including several Uranium projects, as well as Copper-Gold, Coal, Bsemetals and Bauxite interests.

Mine For

rare earths, uranium, coal, copper, gold, base metals, bauxite

Location of operation(s)

Northern Territory

Address

15 Lovegrove Close
MOUNT CLAREMONT, WA, AUSTRALIA

Phone

(08) 9384 3284

Email

Website


Last Updated

22/1/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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