Join our daily newsletter At The Bell to receive exclusive market insights
- Mount Ridley Mines (MRD) resumes drilling at its namesake Mount Ridley rare earth element project in Western Australia
- The drilling is targeting widespread clay-hosted rare earth element mineralisation within a mineralised footprint spanning 1200 square kilometres
- The drilling will “twin” rare earth intersections at key prospects including Tyrrells, Mia, Butch Fabienne and Vincent
- Two aircore rigs are set to soon begin infill and step out drilling, with the 50,000 metre program slated to wrap up in the second quarter of 2023
- Mount Ridley Mines is up 9.09 per cent, trading at 0.6 cents at 1:51 pm AEDT
Mount Ridley Mines (MRD) has resumed drilling at its namesake Mount Ridley rare earth element (REE) project in Western Australia.
The drilling is targeting widespread clay-hosted rare earth element mineralisation within a mineralised footprint spanning 1200 square kilometres.
“The first of three drilling rigs has arrived at site and will twin approximately 20 aircore holes that returned strong REE mineralisation at key prospects including Tyrrell’s, Keith’s, Jules’, Vincent, Winston’s, Butch and Mia, to provide material for mineralogy and metallurgical test work,” Mount Ridley Chair Peter Christie explained.
The company said the drilling will aim to examine rare earth mineralogy to assist with ore genesis models and also guide metallurgical testwork.
Two aircore rigs are set to soon begin infill and step out drilling, with the 50,000 metre program slated to wrap up in the second quarter of 2023, while metallurgical testwork on selected prospects is ongoing.
Meanwhile, the company has been working to develop an Aboriginal Heritage Management Plan (AHMP) in conjunction with the Esperance Tjaltjraak Native Title Aboriginal Corporation (ETNTAC) to identify areas of cultural significance that the drilling will avoid.
Under the AHMP and EEMP, areas of proposed new clearing will be inspected by on-site heritage, and flora and fauna monitors when drill traverses are cleared.
Mount Ridley Mines was up 9.09 per cent, trading at 0.6 cents at 1:51 pm AEDT.
