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How Does Australian Mines Plan to Further Explore the Jequie and Resende Projects? — ASX:AUZ| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$AUZ
How Does Australian Mines Plan to Further Explore the Jequie and Resende Projects?
Australian Mines Limited Announces Promising Developments in Rare Earth and Lithium Projects
Strategic Advancements in Jequie and Resende Projects
Australian Mines Limited (ASX: AUZ), soon to be renamed EcoMetal Resources Limited, has announced significant advancements in its rare earth and lithium projects. The company's recent exploration activities at the Jequie Rare Earth Project in Bahia, Brazil, and the Resende Lithium Project in Minas Gerais, Brazil, have yielded promising results.
Jequie Rare Earth Project: A Potential Rare Earth Treasure Trove
The Jequie Rare Earth Project, subject to acquisition terms as per a previous ASX release, has shown encouraging signs in its initial exploration phase. An airborne radiometric thorium anomaly spanning approximately 30km in length and up to 2.5km in width has been identified within the project's licenses.
Key Geological Findings
The project site hosts thick, in-situ saprolite and saprolite clay profiles with potential for Ionic Adsorption Rare Earth Clay deposits and/or monazite sand deposits. Additionally, the presence
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of outcropping Leucogranite and Charnockite could either host primary Rare Earth Elements (REE) or be the source of secondary REE oxides in weathered saprolite clays.
Field Testing and Future Exploration
Field testing using a portable scintillometer returned positive readings for potential REE-bearing minerals in outcrop. CEO Andrew Nesbitt has expressed optimism about the project's potential and future exploration phases.
Resende Lithium Project: In the Heart of Brazil's Lithium Valley
Located in the globally recognized mining jurisdiction of Minas Gerais, the Resende Lithium Project comprises eight mineral right claims covering 13,314 hectares. The project is proximal to notable lithium producers and is believed to contain eastern extensions of geological structures responsible for forming mineralized pegmatites at nearby mines.
Untapped Potential
Despite no current or historical mineral resources, the Resende Lithium Project holds promise due to its location within a district known for various mineralized bodies. Several historically mapped pegmatites and tantalum occurrences within the exploration licenses have yet to be explored for lithium.
Commitment to Sustainable Mining Practices
Australian Mines Limited supports a vision of responsible mining that respects communities, provides safe workplaces, minimizes environmental harm, and leaves positive legacies. This commitment aligns with the company's advancements in sustainable rare earth and lithium extraction.
A Forward-Looking Approach
Australian Mines Limited's latest announcements regarding the Jequie Rare Earth and Resende Lithium Projects mark significant steps in exploring and developing valuable mineral resources in Brazil. With a forward-looking approach and commitment to sustainability, the company is poised to make substantial contributions to the rare earth and lithium markets.
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L
Lykeshares
131d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
131d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
162d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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