Lort River Project: Rare Earth Elements
(REE) and Nickel/Copper
Ownership: 100%
Terrain Minerals Limited
Size: 87sqm
Location: 650 kilometres southeast Perth (or 50 kilometres northwest of Esperance) within the Albany-Fraser Belt of Western Australia.
Background: The
Lort River Project is located within the Albany-Fraser Belt of Western
Australia. This region is home to two important mining operations: AngloGold
Ashanti’s Tropicana Gold Mine and IGO’s Nova-Bollinger Nickel-Copper Mine.
Strategic
Location: Benefits from
proximity to mining infrastructure and is located in lightly explored
arable farming land.
Rare
Earths Discovery: Confirmed potential for high-demand magnet Rare
Earths Neodymium (Nd) and Praseodymium (Pr), critical for global
industries.
Promising
Geological Findings:
- New
clay target zones identified along the margins of a 5km x 3km circular
mafic intrusive feature.
- January
2025 RC drilling revealed significant results:
- 8m
@ 4,049ppm TREO from 23m (incl. 1m @ 9,840ppm and 1m @ 9,026ppm TREO).
- Grades
compare favourably to leading Australian and Brazilian projects.
Accelerated
Exploration Proposed:
- Reprocessing
VTEM survey data for advanced mapping of REE-rich regolith zones.
- Initial
metallurgical testing underway, with results expected mid-2025.
- Follow-up
air-core drilling program in planning.
Global
Interest: Positioned to attract investment from USA, EU, and Northeast
Asia (Japan and Korea) seeking secure, ex-China supply of critical
minerals.
Diagram: Terrain
Minerals’ 100% owned Lort River Project is located 50 kilometres
northwest of Esperance, and within the highly prospective Albany-Fraser
Belt.
Diagram: Hole LTRC03 can be seen on the edge of the mafic intrusive eye feature unit at Lort River.