| Announcement Date: | 2022-07-26 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Meeka Metals Ltd. |
| Project name: | Circle Valley |
| Location: | Australia |
| Commodities: | Scandium,REO |
| Highlight: | Drilling results incl. 8m @ 2245ppm REO, 61g/t Sc from 12m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Meeka Metals Limited (“Meeka” or “the Company”) is pleased to announce ongoing highgrade rare earth assays from Circle Valley. Assays continue to confirm widespread rare earth mineralisation grading up to 2,439ppm TREO. Intersections up to 36m thick have been recorded and mineralisation persistently demonstrates a high proportion of the grade, up to 45% in these results, as valuable magnet rare earths. The rare earths accumulate within the saprolite clay horizon creating thick, near surface mineralised zones below shallow transported cover. In addition, the depth of cover appears to shallow toward the west. Notable intersections (above a 500ppm TREO grade) from this tranche of assays include The unique chemical and physical properties of rare earths have positioned them as a critical material across a number of rapidly evolving markets and industrial applications. In particular, Neodymium and Praseodymium oxides, which are critical elements in the manufacture of permanent magnets used for electric motors, turbines and mobile phones. |
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