Rare Earths

Frontier Resources awarded exploration licence for Murraydium Rare Earths Project

Tue 19 Apr 22, 10:46am (AEST)
Exploration Activity with Bald Hill mine in background
Source: Boadicea Resources

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Key Points

  • The Murraydium Project consists of four exploration licence blocks
  • Rare earth exploration success has emerged from neighbours Australian Rare Earths
  • Frontier has drilling planned to investigate the project area for the presence of clay hosted rare earth mineralisation

Frontier Resources (ASX: FNT) has been awarded an exploration licence for the Murraydium Project in South Australia, considered prospective for rare earths. The company's stock is up 8% in early trade.

The Murraydium Project consists of four exploration licence blocks, covering an area of 872 km2.

Frontier believes the region is seeing a “renewed focus” for rare earth exploration following the success of Australian Rare Earths (ASX: AR3) at their Koppamurra Project, host to an inferred mineral resource of 39.9m tonnes.

FNT - SA REE EL Grant 19 April 2022
Source: Frontier Resources

“The Murraydium Rare Earth Project offers exciting exploration  upside potential,” said Chairman David Frances. 

“Previous work done in the area has outlined an extensive mineralised system where shallow near surface exploration has the  potential to delineate shallow JORC Resources.”

Frontier has proposed to series of exploration activities to investigate the project area, including: 

  • Review available regional literature including geological models and historical exploration data

  • Field mapping

  • Extensive surface sampling and testing

  • Auger, push tube and aircore drilling

Elsewhere, Frontier is advancing a maiden drill program at the Lyons and Edmunds Projects in WA. On 31 March, Frontier awarded a drilling contract for an initial 5,000m of reverse circulation drilling. Mobilisation to the site is expected in late April, subject to pending heritage survey and standard drilling permits.

Frontier Resources Ltd (ASX FNT) Share Price - Market Index
Frontier Resources 12-month price chart

 

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University and was Vice President of the University Network for Investing and Trading (UNIT). He is an avid swing trader, and drawn to breakouts and technical set ups. Outside of writing and trading, Kerry is a huge UFC fan, loves poker and bouldering.

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