| Announcement Date: | 2022-09-19 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Meeka Metals Ltd. |
| Project name: | Circle Valley |
| Location: | Australia |
| Commodities: | REO |
| Highlight: | Drilling results incl. 12m at 2690ppm REO from 20m |
| 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. The rare earths accumulate within the saprolite clay horizon creating thick, near surface mineralised zones below shallow transported cover. Drilling shows the cover profile shallows to the northwest of Circle Valley, coincident with the highest-grade mineralisation recorded to date, 6,894ppm TREO. The mineralisation also persistently demonstrates a high proportion of the grade, up to 31% in these results, as valuable NdPr magnet rare earths. Rare earths are used in glass and ceramics, phosphors, medical imaging, communication technology, the automotive industry, electric vehicles and in renewable energy generation. 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. Of particular importance are magnet rare earth elements, neodymium and praseodymium, used in the manufacture of powerful permanent magnets for electric motors and turbines. Key global megatrends driving strong and diversified demand for NeodymiumPraseodymium oxides include |
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