Announcement Date: 2022-11-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Narryer Metals Ltd.
Project name: Rocky Gully
Location: Australia
Commodities: REO
Highlight: Drilling results incl. 24m at 3066% REO from 4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Narryer Metals Limited (Narryer Metals or the Company) (ASX:NYM) is pleased to announce high grade Rare Earth Elements (REE) and scandium (Sc) results from the re-assay of pulp samples obtained from previous reverse circulation (RC) drilling at the Rocky Gully Project, Western Australia. The historic exploration drilling shows significant REE mineralisation in saprolite, with geological logging and geochemistry suggesting the potential for ionic absorbed clay hosted REE mineralisation. New assays include 24 metres @ 3066 ppm TREO (Total Rare Earth Oxides), 877 ppm MREO (Magnet Rare Earth Oxides) and 337 ppm Sc2O3 from 4 metres, including a high-grade core of 4 metre @ 5030 ppm TREO, 1648 ppm MREO from 12 metres (drillhole RGRC0026). The same drill hole also had an intersection containing a high-grade zone of scandium, with 8 metres @ 546 ppm Sc2O3. These are the first assays of scandium at the Rocky Gully Ivar Prospect and the metal could provide an additional high value by-product to the project. Scandium is a critical metal used as an alloy to strengthen aluminium in the aviation / space industry, and in emerging green technologies, such as oxygen fuel cell storage.
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