Australian Bauxite is building on the intriguing recent discovery of rare earth element accumulations within its Tasmanian bauxite project. New assay results have significantly increased the extent and thickness of rare earths enrichment with new mineralised zones trending to the north and south. The drill rig is rapidly being upgraded in readiness for drilling the possible source rock that lies to the northeast of the high-grade zone.
Australian Bauxite has continued to reveal strong rare earth element enrichment in drilling at its DL130 bauxite-REE project in north-east Tasmania, with its latest batch of assays including the highest-grade neodymium oxide recorded to date. The peak 1m drill sample in hole DL313 returned an impressive 301ppm neodymium oxide from 9m depth, almost double the previous highest value of 1m going 156ppm neodymium oxide.
