Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Frontier Resources (FNT) applies for a new area prospective for rare earths and lithium pegmatites in the Gascoyne Region of Western Australia
  • The area, known as the Mt Clere Project, consists of one exploration licence application and is considered prospective for rare earth elements and lithium pegmatites
  • Frontier will begin a field exploration program as soon as possible with the aim of identifying and validating the potential for rare earth elements and lithium mineralisation
  • Depending on the results, follow-up exploration will be undertaken consisting of soil geochemical sampling, rock sampling and geophysical surveys
  • Frontier is up 3.57 per cent on the market with shares trading at 2.9 cents

Frontier Resources (FNT) has applied for a new area prospective for rare earths and lithium pegmatites in the Gascoyne Region of Western Australia.

The area, known as the Mt Clere Project, consists of one exploration licence application, E52/4012, and is considered to be prospective for rare earth elements (REEs) and lithium pegmatites.

An initial review has highlighted multiple sites of interest including some pegmatite occurrences.

Frontier will begin a field exploration program as soon as possible with the aim of identifying and validating the potential for rare earth elements and lithium mineralisation.

Depending on the results, follow-up exploration will be undertaken consisting of soil geochemical sampling, rock sampling and geophysical surveys.

“The strategic pegging of the Mt Clare Project is a great opportunity to expand our exploration focus for rare earths and lithium to complement our existing Gascoyne Project in Western Australia,” Non-Executive Director Brian Thomas said.

“It’s an exciting time for our company and we expect to undertake the on ground reconnaissance exploration work as soon as possible.”

Frontier was up 3.57 per cent on the market with shares trading at 2.9 cents at 12:53 pm AEDT.

FNT by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
APM (ASX:APM) - CEO, Michael Anghie

" APM Human Services (ASX:APM) expands, acquiring Lifecare

APM Human Services International (APM) has acquired physiotherapy and home care group Lifecare for $68 million.