Narryer Metals reveals promising drilling results

Narryer Metals (ASX:NYM) has announced significant discoveries from its drilling activities at the Rocky Gully project in Western Australia. High-grade rare earth elements and scandium were identified, suggesting the potential for a carbonatite system. This discovery includes scandium and magnet rare earths like neodymium and praseodymium.

Narryer Metals' strategic exploration outlook

Narryer Metals' recent drilling at Rocky Gully has unveiled significant findings of high-grade rare earth elements and scandium, supporting the potential of a carbonatite system. Key assay results show high scandium oxide grades and Total Rare Earth Oxide, indicating expansive mineralization. The company plans further drilling to extend high-grade zones and will conduct metallurgy test work. The strategic location of the Rocky Gully project near infrastructure and industrial areas enhances its potential for critical minerals development. Narryer Metals is focused on expanding their resource potential and contributing to the critical minerals market, essential for technologies like electric vehicles and wind turbines.

Executive insights on recent drill findings

The mineralization is located in unconsolidated regolith clays, which could allow for low-cost strip mining and favorable processing. These results suggest a promising potential for a larger mineralized system, possibly indicating a carbonatite system within the project area.