Brazilian Rare Earths Limited Unveils Promising Sulista Project
Sulista Project Exploration Results Highlight New Rare Earth District
Brazilian Rare Earths Limited (ASX: BRE / OTCQX: BRELY) has recently released remarkable exploration results concerning the Sulista Project. This project, situated approximately 80 kilometers southwest of an existing site, has been upgraded to a high-grade rare-earth district based on solid outcomes across various targets.
Exceptional District Scale with Strategic Location
The exploration program has confirmed the presence of an extensive high-grade rare-earth system, characterized by over 7 kilometers of cumulative mineralized strike across seven exploration corridors within the Sulista Rare Earth District.
Vast Exploration Target Area
The Sulista project spans a significant area of 10 kilometers by 2 kilometers, where shallow, high-grade rare earth mineralization has been identified across various formations including regolith, bedrock, and outcrop vectors. Recent estimates suggest a substantial exploration target has emerged across the project’s corridors.
Infrastructure Benefits
Strategically, the district enjoys advantageous infrastructure. State highway BR-330 runs through the area, connecting it to the Camaçari Petrochemical Complex. Additionally, a nearby 138 kV power source and a skilled workforce within 12 kilometers bolster the potential for further development.
Outstanding Drilling Results at Sulista East
Noteworthy results from recent drilling at Sulista East have identified a large-scale, shallow high-grade rare earth system, with true thicknesses reaching up to 30 meters along 500 meters of strike that remains open in various directions.
Significant Grade Highlights
Recent drill highlights from Sulista East garnered attention, recording grades up to 9.6% Total Rare Earth Oxide (TREO), including 15,695 parts per million (ppm) Neodymium-Praseodymium (NdPr). These findings are based on an intercept of 16.6 meters at 3.9% TREO from the surface, demonstrating significant mineralization potential.
Widespread Mineralized Outcrops
Exploration has revealed extensive mineralized outcrops with impressive grades up to 10.5% TREO, indicating a continuous, high-grade rare earth deposit characterized by grades exceeding 3% TREO.
Sulista West Drilling Activities
Currently, the Sulista West region is undergoing an extensive 5,000-meter diamond drill program focusing on honing in on high-grade rare-earth elements alongside a notable surface geophysical anomaly.
High-Grade Extensions at Outcrop Ridge
Drilling at the Outcrop Ridge has already shown promising results, with outcrop grades reported as high as 20.6% TREO. New auger results also indicate grades reaching 15.6% TREO and substantial NdPr levels, emphasizing the area's potential.
Exploration Target for the Sulista District
The Sulista District features a conceptual exploration target estimated between 12 to 18 million tons, with anticipated grades between 4% and 6% TREO across its corridors.
Drilling Progress Overview
To date, 44 core holes totaling 4,737 meters have been completed at Sulista East, while Sulista West has seen 14 diamond holes drilled. The excitement continues with a new 5,000-meter drilling program now underway.
Future Plans and Steps Ahead
Looking forward, the company plans a step-out drilling program designed to extend the Sulista East trend further along the significant TREO corridor. Additionally, advanced geophysical surveys are on the agenda to further delineate prospective areas.
Comments from Leadership
Bernardo da Veiga, Managing Director and CEO of BRE, expressed optimism regarding the recent findings, highlighting their potential to unlock more of the district's high-grade mineralization. He reaffirmed the company’s commitment to systematic exploration aimed at securing this expansive project’s future.
Frequently Asked Questions
What are the key highlights from the Sulista exploration results?
The exploration has confirmed extensive high-grade rare-earth mineralization across up to 7 km of strike with significant grades of TREO across various drilling locations.
What is the size of the estimated exploration target at Sulista?
The exploration target is estimated to be between 12 to 18 million tons with grades ranging from 4% to 6% TREO.
What drilling efforts are currently ongoing at Sulista?
There is a 5,000-meter diamond drill program taking place at Sulista West, aimed at identifying high-grade resources beneath surface anomalies.
How does the infrastructure support the Sulista project?
The project is well-connected with state highway catering to transportation needs and is supported by nearby power sources and an experienced workforce.
What are the company’s next steps for the Sulista project?
The company plans to continue drilling to expand mineralization at Sulista East and conduct geophysical surveys to better understand the subsurface potential.
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