{"id":43174,"date":"2024-02-07T08:42:25","date_gmt":"2024-02-07T08:42:25","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=43174"},"modified":"2024-02-07T08:42:25","modified_gmt":"2024-02-07T08:42:25","slug":"high-grade-magnet-rare-earths-in-a-top-tier-jurisdiction","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/high-grade-magnet-rare-earths-in-a-top-tier-jurisdiction\/43174\/","title":{"rendered":"High grade magnet rare earths in a top tier jurisdiction"},"content":{"rendered":"
Australia\u2019s Northern Territory has shot up the ranks of worldwide investment attractiveness based on the latest Fraser Institute annual survey of mining companies. Sitting sixth overall, the survey demonstrates the positive growth in exploration and mining that Australia\u2019s \u2018top end\u2019 has experienced concurrently with the release of the country\u2019s significant investment into developing the critical minerals industry.<\/p>\n
It comes as some surprise, then, that Transition Minerals\u2019 Barkly project<\/a> is just the second rare earths project to achieve formal resource classification (Inferred resource, JORC 2012) in the NT after the progress of Arafura\u2019s (ASX:ARU) Nolans project to development status with the support of crucial partnerships with EV manufacturers Hyundai and Kia. Arafura\u2019s market capitalisation reached over AUD$1.1bn in 2023, providing a tantalising glimpse of the possibilities for Transition Minerals, given its proposed securities exchange listing in 2024.<\/p>\n Following Transition Minerals\u2019<\/a> maiden air core drilling programme in the second half of 2022 that was co-funded by the Northern Territory Government, the company has managed to confirm a significant regolith-hosted rare earth deposit underlying a mineralised zone of another critical mineral \u2013 vanadium \u2013 all within some 30m from the surface.<\/p>\n These dual resources come with some significant numbers from the first-pass drilling results. This includes 40 million tonnes at a very impressive 2,100 ppm total rare earth oxides (TREO), underlying a vanadium resource of 200 Mt @ 0.12 % V2O5 incorporating the further bonus of a significant gallium contribution.<\/p>\nRare earths and vanadium in the Northern Territory<\/h3>\n