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Lanthanein Resources Ltd (LNR)

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A Deep Dive profile provides ASX listed companies with an opportunity to tell their story in plain English.

Company Deep Dive

Lanthanein Resources (ASX: LNR) is a mineral exploration company with a focus on the discovery of critical minerals of Rare Earth Elements (REE’s) in tier 1 mining jurisdictions of Western Australia and South Australia.

Rare earth’s are seeing an unprecedented growth in demand due to their use in permanent magnets vital for electric vehicles, wind turbines, robotics and many more applications used in the decarbonisation of global economies.

The Company is planning high impact exploration programs across the portfolio of Rare Earth projects for 2022 as it enters the early discovery phase.

Highlights

Acquisition of Rare Earth and High Purity Alumina Projects completed

Extensive radiometric and magnetic geophysical surveys completed at Gascoyne Project

High level detailed review undertaken by Southern Geoscience Consultants

Several Priority 1 targets identified by SGC review highlighting the REE potential of the Gascoyne Projec

Total Landholding increased to >400sqkm in the Gascoyne Region prospective for REE and lithium pegmatites at the Mt Clere project

Exploration programs underway for 2022

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Key developments

Future Road Map and Milestones

Field work and rock chip sampling at Gascoyne REE project
Assays from sampling programs and Metallurgical test work to be undertaken
RC drilling at Gascoyne Project Q2, 2022
Field work at Mt Clere REE and lithium project to commence
Phase 1 drilling at Koolya High Purity Alumina project in May-June 2022

People

Leadership Team

Brian Thomas

Non-Executive Director
Sep 2021 - Present

Brian Thomas is a very experienced Director and Corporate Executive with significant domestic and international resources management experience. He is the principal of a boutique corporate advisory practice working with small to mid-market capitalisation companies and investor groups predominantly in the resources industry overseeing market oriented technical reviews plus advising on corporate finance, mergers & acquisitions and investor relations.

Profile

Brian Thomas

Non-Executive Director

Sep 2021 - Present

Brian Thomas is a very experienced Director and Corporate Executive with significant domestic and international resources management experience. He is the principal of a boutique corporate advisory practice working with small to mid-market capitalisation companies and investor groups predominantly in the resources industry overseeing market oriented technical reviews plus advising on corporate finance, mergers & acquisitions and investor relations.

He has held both Executive and Non-Executive Director roles with numerous ASX listed and unlisted companies after an extensive career in the financial services sector in corporate stockbroking, investment banking, funds management and corporate banking.

He has more than 35 years of mining and exploration industry experience in a broad range of commodities from precious and base metals, bulk and industrial minerals, diamonds plus oil and gas.

Brian graduated from the University of Adelaide with a BSc in Geology and Mineral Economics, the University of Western Australia Business School with an MBA and the Securities Institute of Australia (now FinSIA) with a certificate in Applied Finance and Investment.

David Frances

Non-Executive Chairman

David Frances is an international executive of nearly 30 years with a track record of transacting, discovering, funding, developing and operating assets in Australia and Africa. He has been a key figure in the transformation of several companies.

Profile

David Frances

Non-Executive Chairman

David Frances is an international executive of nearly 30 years with a track record of transacting, discovering, funding, developing and operating assets in Australia and Africa. He has been a key figure in the transformation of several companies.

David has served as Chairman – both Executive and Non-Executive, President, Managing Director and Non-Executive Director for a variety of ASX and TSX listed and private Companies across a diverse range of business. He has dealt with multiple governments at all levels and specialises in the delivery of tough projects in complex jurisdictions.

He has been extensively involved in the early development of Green Hydrogen projects in Western Australia and is committed to seeing Companies move towards reporting of ESG metrics.

Peter Swiridiuk

Non-Executive Director

Peter Swiridiuk holds a BSc (Hons), DipEd, MAIG. Peter has over 25 years’ experience exploring for copper, gold, diamonds, coal and base metals. Between 1997 and 2012, he spent substantial amounts of time managing exploration, discovery and resource definition for projects in Papua New Guinea, including evaluation of data at Frieda River and acting as a consultant geophysicist to Frontier Resources (2003-2013).

Profile

Peter Swiridiuk

Non-Executive Director

Peter Swiridiuk holds a BSc (Hons), DipEd, MAIG. Peter has over 25 years’ experience exploring for copper, gold, diamonds, coal and base metals. Between 1997 and 2012, he spent substantial amounts of time managing exploration, discovery and resource definition for projects in Papua New Guinea, including evaluation of data at Frieda River and acting as a consultant geophysicist to Frontier Resources (2003-2013).

In 2007 he spent over six years as Managing Director of ASX listed Coppermoly Limited where he attracted over $32 million through an IPO, capital raisings and joint venture partner Barrick Gold Corp. While leading Coppermoly, over 2 billion pounds of copper, in two separate JORC resources, were delineated on New Britain Island, Papua New Guinea.

Peter was geophysicist for DeBeers diamond services during the 1990’s where he managed geophysical surveys for the exploration of diamonds in Australia.

Since 1997, he has been a technical consultant working on projects in Australia, PNG, Solomon Islands, Philippines, Cyprus, Mexico and Oman, where his exploration led to the discovery of two copper mines. Peter has authored numerous independent technical reports for the purpose of capital raisings. Peter was previously a Director of Coppermoly Ltd.

Matthew Foy

Company Secretary

Matthew is a professional company secretary and active member of the WA State Governance Council of the Governance Institute Australia (GIA). He has spent twelve years facilitating the listing and compliance of ASX companies and possess core competencies in publicly listed company secretarial, operational and governance disciplines.

Profile

Matthew Foy

Company Secretary

Matthew is a professional company secretary and active member of the WA State Governance Council of the Governance Institute Australia (GIA). He has spent twelve years facilitating the listing and compliance of ASX companies and possess core competencies in publicly listed company secretarial, operational and governance disciplines.

Lanthanein Resources' projects

Project

Gascoyne (Rare Earth)

Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide's of Neodymium (Nd2O3) and Praseodymium (Pr6O11) critical to the production of permanent magnets, with demand forecast to surge due to their use in EV’s and renewable energies such as wind turbines.

The Gascoyne REE Project adjoins the world-class Yangibana Deposit (ASX: HAS ~$460m market capitalisation) in the Gascoyne Region of Western Australia, set to be the next REE producer outside of China by 2023. 

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Project

Murraydium (Rare Earth)

The Murraydium Earths project occurs over 873 sq.km across four tenement blocks (ELA2021/00058) within the Murray Basin in Southeastern South Australia adjacent to the Australian Rare Earth’s (ASX: AR3) Koppamurra REE prospect.

AR3 has already established a JORC 2021 Inferred Mineral Resource of 39.9Mt @ 725ppm TREO at Red Tail and Yellow Tail. Recent drilling by AR3 confirms clay hosted rare earth mineralisation adjacent to the SRE Naracoorte Block with results including 2m @ 1008 ppm TREO. This demonstrates the potential of additional high-grade rare earth ionic clays of global significance across wide portions of the project area.

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Project

Mt Clere (Rare Earth and Lithium)

The Mt Clere Project is a significant area in the eastern Gascoyne Province prospective for rare earths and lithium pegmatites. The strategic pegging of Mt Clere increases Frontier’s total landholding by approximately 350km² of Durlacher Supersuite, host to the world-class Yangibana Deposit 27.42Mt @ 0.97% TREO

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Project

Koolya (High Purity Alumina)

The Koolya High Purity Alumina (HPA) Project covers 240km² prospective for bright white kaolin and High Purity Alumina (HPA) located 460km east of Perth. The region is a proven high quality kaolin producing region with Tellus Holdings Sandy Ridge kaolin mine 30km away to the northeast.

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Investments

Capital Raises

Capital Raise
|Aug 2021

Funds raised to acquire all shares in Southern Rare Earths Pty Ltd.

Raised $1.3m
Offer Price $0.013
Notes Discount to market

Resources

December Quarterly Activities Report

28 Jan 2022 | Report
PDF (12850.4 KB)

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