Pinnacle Minerals Ltd (ASX: PIM) ("Pinnacle", the "Company") is delighted to announce the successful completion of an ultra-fine soil sampling program which has revealed continuous high-grade Total Rare Earth Oxides (TREO's) on the surface with substantial Medium Rare Earth Oxides (MREO) fraction.
Key highlights of the sampling program include significant findings of 843 ppm TREO with 22.3% MREO (TM4-7), 878 ppm TREO with 19.1% MREO (TM1-16), and 943 ppm TREO with 14.6% MREO (TM1-10). These results are all indicative of subsurface mineralisation.
The results, in combination with soil analysis and historical drilling data showing extensive clay horizons, underscore the potential for clay-hosted Rare Earth Elements (REE's). Moreover, the Company has secured a land access agreement covering areas of immediate interest, enabling further exploration work.
As the next step, Pinnacle is planning to conduct additional soil sampling in the 3rd quarter of 2023 to delineate the potential REE footprint. Upon identifying the mineralised system's footprint, a targeted air core (AC) drilling campaign will commence to further determine potential mineralisation.
Pinnacle Minerals' Managing Director, Nic Matich, commented on the progress: "The Tammin project is prospective for both kaolinite and clay hosted rare earth mineralisation. There are several ASX peers in the Western Australian wheatbelt that have defined significant kaolin resources with others exploring for clay hosted rare earths. Pinnacle has plans to join the ranks of these companies via a systematic and targeted exploration campaign to be conducted during H2 2023 and early 2024.”
Pinnacle Minerals Ltd remains committed to its mission to unlock significant value for its shareholders through the discovery and development of mineral resources in the vast Australian continent.
Pinnacle Minerals Ltd (ASX: PIM) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of kaolin, halloysite, battery metals and Heavy Mineral Sands prospective projects in Western Australia and South Australia.