WA1 Resources’ (ASX:WA1) exploration team has hit high-value rare earth element (REE) niobium at its Artuna project in the Pachpadra prospect area within a larger host carbonatite system.
Targeting one specific anomaly within the Pachpadra prospect, called P2, the company sunk one RC drill hole in the 3km-long geophysical target, which the company notes has “significant” potential for further drilling.
All in all, WA1 has found niobium, a number of other rare earths, and also phosphorous pentoxide.
Worth noting is that the company is reporting far higher grades for Phosphorous Pentoxide than niobium or other REEs. Phosphorous pentoxide is used in a multitude of industrial processes, and it can be used as a fertiliser (the material is so strong, it is banned for domestic use in backyard gardens because it causes algae to bloom in waterways.)
The material is also used in lubricants, sugar refining, industrial chemical manufacturing, dehydrating, and flame retardants.
Meaningful cut-offs for ‘high-grade’ and ‘low-grade’ rare earths are difficult to put clearly given that the rock REEs are hosted in tend to be more important than how much of one material is contained within it.
Low grades in a host rock that allows for easy processing can often turn up more material than high-grade material in host rock that poses too many downstream costs. That is true for REE mineralisation hosted in clays.
Investor information provider Geology for Investors, however, notes carbonatite deposits, while the world's primary source of rare earth elements, are often unenconomical at low grades.
WA1 Resources reports:
54m @ 0.62% niobium, 0.18% other rare earths, and 3.85% phosphorous pentoxide.
The company notes that comes “from 162m within an overall interval of:”
142m @ 0.31% niobium, 0.17% other rare earths, and 3.94% pentoxide.
Niobium meanwhile is a magnetic rare earth, with magnetic rare earths typically being the most valuable.
Niobium is considered a critical mineral by the EU, the US, Australia, India, and Japan, opening up the possibility of WA1 becoming a preferred supplier of critical minerals.
Government-level initiatives to secure stable supplies of such materials have come to the fore in 2022 following the Russian invasion of Ukraine, which has rejuvenated for a 21st Century audience the impact war has on global supply chains.
The London-based Royal Society of Chemistry (RSC) highlights niobium's use in the aviation industry, where the metal has been most well known for its inclusion into propellor blades.
The metal, highly resistant to corrosion, is also used as an alloy in the creation of stainless steel.
Niobium-based alloys are also used in rockets and jet engines with both space and combat implications; it is also used as an alloy on oil and gas drill rigs where protection against tempestuous oceans is needed.
Niobium also acts as a superconductor, meaning it can be used in MRI scanners, and in the hard-to-explain-clearly machinations of particle physics experiments.
Put those relevant sectors together (defence, health, science, transport,) and it’s easy to see why the obscure material is on the radar of several major world economies.
“To date, we have only assaysed 4m commencing from 74m depth where drilling entered fresh bedrock. WIth the knowledge we are in a carbonatite system, we will assay single metre splits for the entire hole,” WA1 MD Paul Savich said.
“Niobium has been identified as a critical mineral by a number of countries and is a key input to future technology, with ferroniobium metal at 65% purity selling for US$45,000 a tonne.”
Get the latest news and insights direct to your inbox