Moho Resources Ltd (ASX:MOH) has leveraged geochemical evaluation of assays from a recent soil survey at the Burracoppin Project in WA, confirming the presence of ionic clay rare earth elements (REEs) including yttrium, cerium, neodymium and dysprosium in soils on 70%-owned tenement E70/4688.
While the company’s soil sampling has so far been fairly limited, it has nonetheless identified clusters of high-value neodymium, pointing to a potential bedrock source.
The anomalous REE content of the soils on the tenement indicates the source material is likely present in the Burracoppin Project area, since ionic clay layers have developed deeper in the regolith profile.
“Just the beginning of the story”
“The Burracoppin project continues to expand the critical minerals prospectivity with further rare earth evidence in potential ionic clay development,” Moho Resources managing director Ralph Winter said.
“This is just the beginning of the story with expansion of exploration across the tenements and new tenement acquisition leading to increased value creation for the company to come.”
In addition to high neodymium results, the company also observed strong enrichment of yttrium at the base of interpreted minor drainage channels, evident in samples from previous reverse circulation (RC) drilling.
The total rare earth element (TREE) values appear to be of a similar order to those reported for ionic clay REE deposits in Australia, further increasing Moho’s confidence.
In light of this evidence, the company has doubled down on the Burracoppin area, applying for seven more exploration licences covering 1,300 square kilometres based on conceptual topographic and hydrological models used to target regional-scale ionic clay REE deposits.
Moho’s granted tenements and recent applications for exploration licences at Burracoppin.
Next steps
From here, Moho Resources intends to gather more robust REE data from, existing drill samples to create a batter ionic clay model, as well as:
- Undertaking passive seismic surveys over previously drilled RC and aircore areas where REE assays are available or can be generated.
- Aircore drilling over key ionic clay REE targets to test conceptual topographic and hydrological model.
- Undertaking preliminary metallurgical test-work to determine the potential recovery of the REE enrichment in the clay horizons.
- Finalising and releasing the geochemical evaluation of lithium, base metals and gold anomalies identified from soil and stream surveys at Burracoppin.
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