Power Minerals has reported high-grade rare earth drilling results at its Morro do Ferro project in Brazil, including a 2m intercept of 6.88% TREO at 240m depth. The results identify two distinct high-grade zones at depth and extend the known mineralisation, supporting the company's upcoming maiden mineral resource estimate.
Power Minerals Limited has reported new high-grade rare earth oxide (REO) drill results from drillhole MFSR-054 at its Morro do Ferro Project in Brazil, including the deepest high-grade intersection to date of 2m at 6.88% TREO from 240m. The drilling also returned significant wide intercepts from surface, such as 50m at 9.0% TREO, extending mineralization to an impressive depth and providing crucial data for a planned maiden JORC Mineral Resource Estimate. The results confirm the continuation of high-grade REO mineralization and are supported by comprehensive QA/QC protocols.
Tyranna Resources has reported high-grade rare earth results from surface sampling at its Sulima West prospect in Angola, part of the Coola Project. Trench samples returned up to 10.6% TREO, while soil samples peaked at 10.8% TREO, with NdPr making up a significant portion of the total rare earths. These encouraging results, from less than 5% of the 4.2km diameter ring complex, highlight significant exploration upside, with further soil sample results pending and drilling planned for Q2 2027.
AuKing Mining Limited reported strong drill results from its Tundulu Rare Earths Project in Malawi, including wide intervals of high-grade TREO and significant HREE+Y enrichment, expanding the known mineralized footprint. The company also expanded its portfolio by acquiring the Machinga Heavy Rare Earths Project and entering an earn-in agreement for the Qeqertaasaq Niobium and Rare Earths Project in Greenland, which includes historical high-grade niobium intercepts. These activities were supported by a successful $5 million share placement and a $9.14 million option underwriting.
Critica has released scoping study results for its Jupiter rare earths project in Western Australia, a massive clay-hosted deposit. The study models an 8Mt per annum open pit operation with a post-tax NPV of $2 billion and an IRR of 48.4%.
Red Metal Limited has commenced large-diameter, six-metre tall column leach tests on Saprock and Transitional ore from the Sybella Kary Zone. These tests aim to simulate full-scale commercial heap conditions to de-risk future Definitive Feasibility Study (DFS) design assumptions. Parallel tests are also underway using a coarser -30mm crush size to evaluate potential cost reductions.
Iondrive Limited's annual report highlights a strategic pivot towards commercialization of its IONSolv™ metal extraction platform, achieving high leach recoveries of 93.5% for dysprosium and 96.5% for neodymium and praseodymium from end-of-life magnets. The company completed a positive techno-economic study, secured initial US market entry with government support, and expanded its platform to include solar panel recycling with over 85% silver extraction efficiency. Despite these advancements, the company reported a net loss of $7.0 million for the financial year.
Critica Limited has presented positive scoping study results for its Mt Lindsay tungsten-tin project and Jupiter rare earths-yttrium-gallium project, highlighting robust economics with after-tax NPVs of A$1.0 billion and A$2.0 billion respectively. The studies outline significant pre-production capital requirements and rapid paybacks, with production targets predominantly underpinned by Indicated Mineral Resources. The company is now advancing both projects towards further feasibility studies, off-take agreements, and securing funding.
Perpetual Resources is planning a resource definition drilling campaign at its Raptor project in Brazil to support a potential maiden resource estimate. The project has shown high TREO grades and encouraging magnet rare earth recoveries in previous shallow drilling.
Critica has released a scoping study for its Jupiter rare earths project in Western Australia, modeling an after-tax NPV of approximately A$2bn and an IRR of 48.4%. The study outlines a 14-year operation based on an updated 1.7Bt resource, with a production target heavily supported by Indicated Resources.
