Update on Yttria Rare Earth Element (REE) deposit metallurgical test work

Asra Minerals Limited (ASX: $ASR) has announced positive Phase 1 metallurgical test results from its Yttria Rare Earth Element (REE) deposit, confirming the strong potential for high rare earth extraction. The results have exceeded expectations, supporting further co-funded test work to refine techniques and efficiencies in the extraction of a unique high-value ratio of Yttria's HREO, MREO, and high levels of Scandium hosted in the deposit. The successful Phase 1 metallurgical testwork will underpin a maiden Mineral Resource Estimate and Exploration Target due this quarter.

Executive Commentary on Metallurgical Test Results

'It's a lot about location - Yttria is a highly prospective project with high value Heavy and Magnet rare earth oxide content close to surface, with no significant radioactive values, and now we see the ability to achieve strong metallurgical recoveries. These exceptional results provide confidence to further modelling and optimising a unique Rare Earth-Scandium deposit, in the heart of the WA Goldfields.'

Summary of Metallurgical Test Results and Outlook

The Phase 1 metallurgical test results from Asra Minerals' Yttria Rare Earth Element (REE) deposit have confirmed the strong potential for high rare earth extraction, exceeding expectations. The company's Managing Director, Rob Longley, expressed confidence in the project's prospects and highlighted the remarkable potential to deliver critical minerals in high demand globally. The results support further exploration activities and refinement of extraction techniques. Asra Minerals aims to optimize economic returns through ongoing metallurgical test work and the development of novel processing methodologies for REE systems. The company also qualifies for a significant R&D rebate, reflecting the support and incentivization of investment in innovation and technology. Asra Minerals' focus on developing prospective projects aligns with the rising global demand for REE and critical minerals, positioning the company for future growth and success.