Frontier Resources (ASX:FNT) has recorded Total Rare Earth Oxides (TREO) at accumulations of 960.1 parts per million (ppm) in surface sampling carried out onsite its WA eastern Gascoyne Mt Clere Rare Earth and Lithium Project.
The surface sampling was carried out in geochemical data studies that have informed the conclusions of a retrospective review undertaken by Frontier.
Identified in this review is potential new target areas for Frontier Resources, with the geology team interested in areas reflecting elevated levels of Strontium, Niobium and other TREO.
The company's share price has climbed 3% in morning trades.
Frontier Resources' Mt Clere project sits nearby a lithium project owned by Krakatoa Resources (ASX:KTA) to the south, where Krakatoa Resources has identified lithium pegmatites, as well as other rare earth elements.
That project is located some 60km southwest.
Frontier Resources' Mt Clere project is located within the boundaries of permit E52/4012 and covers some 350sq.km located on top of the Ti Tree Shear Zone, a geological region with traits similar to the Lyons River Fault and Gifford Creek Carbonatite Complex, where Hastings Technology Metals' (ASX:HAS) Yangibana Mine is located.
Frontier Resources also highlights existing Geological Survey of Western Australia (GSWA) data which has previously recorded 51 pegmatites in the Mt Clere area indicative of lithium deposits.
Based on the findings, Frontier Resources will move toward an extensive gridded surface sampling program covering its Mt Clere acreage to further validate the commercial potential of rare earth elements present onsite, including lithium.
Exploration work following that surface sampling program will depend on the results of the former, however, Frontier is expecting to undertake a detailed exploration strategy.
The company notes further exploration activities will combines soil geochemistry sampling, rock sampling, and geophysical surveys across high priority target areas which will inform the best places to launch the drills.
Frontier Resources was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.
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