RARE EARTHS

Large scale rare earth project coming into fruition for Meeka Gold

Assays have confirmed the presence of shallow, high grade rare earth mineralisation at Cascade

Lead Writer
30 May 2022
This article is more than 12 months old and may be outdated
1 min read
Large scale rare earth project coming into fruition for Meeka Gold

Source: Source: Meeka Gold

Mentioned

KEY POINTS

  • Assays have returned shallow, high grade rare earth mineralisation at the Cascade Project
  • Cascade has a sizeable total project area of 2,068km2
  • Meeka plans to commence drilling activities in September this year

A potential large scale rare earth project for Meeka Gold (ASX: MEK) is coming into fruition after assays confirmed the presence of shallow, high value rare earth mineralisation at the Cascade Project in WA.

The results demonstrated what management regard is the "remarkable scale" of the mineralisation, covering just over half or 1,143km<sub>2</sub> of the Cascade project.

Meeka sees further upside to the scale of the discovery, as the Northern and Central blocks of Cascade have never been drilled for rare earths.

Despite the lack of exploration in the prospective Northern and Central areas, surface samples from depleted zone displayed grades of up to 633 ppm (parts per million).

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Source: Meeka Gold

Plans for drilling

“The potential for significant zones of clay hosted rare earth mineralisation below these high grade surface samples is considerable,” commented CEO Tim Davidson.

For context, today's samples were extracted from depths between 2-16 meters.

"Planning is now underway to expedite the northern and central block drilling."

Upcoming catalysts

Meeka has immediate plans to accelerate the Cascade project, including:

  • Plan targeting for the highest value zones of mineralisation

  • Lodge applications for regulatory approval for drilling activities

  • Metallurgical testwork results

Drilling is targeted for September, assuming timely activity planning and regulatory approval.

2022-05-30 10 55 04-Meeka Gold Ltd (ASX MEK) Share Price - Market Index
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ABOUT THE AUTHOR

Lead Writer

Kerry holds a Bachelor of Commerce from Monash University. He is passionate about equity research and trading (swing and intraday), with a focus on breaking down market-related catalysts into clear, contextual insights and developing data-driven market biases.

05/06/2026