Alderan Resources (ASX: $AL8) Announces Highly Anomalous Rare Earths and Lithium in Brazil

Alderan Resources Limited (ASX: $AL8) has reported highly anomalous grades of neodymium (Nd) and praseodymium (Pr) rare earth elements (REE) and lithium (Li) in stream sediment samples collected from its Carai lithium project area in Minas Gerais, Brazil. The neodymium and praseodymium rare earth assays grade up to 128ppm and 39ppm respectively, which are more than 10 times and 7 times their background grades. Additionally, lithium grades range up to 69ppm, more than 10 times the background grade and 9 times the average grade for the entire area. The company is also expecting assay results for its remaining lithium project areas in Minas Gerais in July.

Executive Commentary on Carai Stream Sediment Programme Results

Alderan's Managing Director, Scott Caithness, expressed satisfaction with the exploration in Brazil, highlighting the highly anomalous lithium and rare earth assays returned for stream sediment samples collected from the Carai project area. He emphasized the significance of the lithium assays, which reach more than ten times the background lithium grade and seven times the average grade for the area. Caithness also noted the exceptional surprise in the assays, particularly the highly anomalous neodymium and praseodymium rare earth elements at Carai and their strong correlation with other rare earth elements such as samarium, terbium, and dysprosium. The next steps at Carai will involve infill stream sediment sampling to identify prospect scale lithium and rare earth areas, followed by geological mapping and soil sampling. Assays for the stream sediments collected over the remaining project areas in Minas Gerais are expected over the next month. In Utah, USA, Alderan is awaiting permits for the New Years copper-gold prospect at its Frisco project, with the drilling program targeted to commence in late July-early August.

Summary of Carai and Catuji Stream Sediment Programme Results

The Carai stream sediment samples from Alderan Resources' project area in Minas Gerais, Brazil, have revealed highly anomalous rare earth element and lithium grades over a 10km2 area in the northern portion of the project area. The neodymium and praseodymium rare earth assays grade up to 128.5ppm and 38.9ppm respectively, while lithium grades range up to 68.7ppm. The company plans to conduct infill stream sampling and preliminary geological mapping to narrow down the anomalous area to prospect scale, followed by detailed soil sampling and geological mapping to define targets for drill testing. On the other hand, the Catuji stream sediment samples contain low grades of lithium, with no further work planned following the low order assays received. Alderan is also awaiting permits to drill the New Years copper-gold prospect at its Frisco project in Utah, USA, with the program targeted to commence in late July-early August.