As drill results continue to be received from the Eyre Peninsula Kaolin-REE Project, and as part of an ongoing program of assessing its extensive suite of exploration tenure across South Australia, iTech has identified significant REE potential within its Franklyn Kaolin-Halloysite Prospect in the Nackara Arc (Figure 1).
Clay hosted REE mineralisation occurs within an establish kaolin-halloysite exploration target of 45Mt – 91Mt at a grade of 30 – 36% Al2O3 (-45 μm size fraction) as reported in the company’s prospectus in October 2021. While Eyre Peninsula, and the Caralue Bluff Prospect, continue to be the focus of exploration for clay hosted REE deposits, the discovery of REE mineralisation at Franklyn expands iTech’s pipeline of projects to include a prospect with known halloysite occurrences.
"iTech has a long-term vision of becoming a low-cost producer of REEs based in the highly supportive mining jurisdiction of South Australia. The addition of the Franklyn Kaolin-Halloysite-REE Prospect to the pipeline of kaolin hosted REE projects strengthens the company’s vision for the future."
Exploration Results for Rare Earth Element Projects can be a bit more complicated than for projects targeting metals like Gold and Copper. WATCH iTech Minerals Managing Director Mike Schwarz explains what you need to know and what to look out for.
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Annual General Meeting – Investor Presentation (2023)
