Lanthanein Resources (ASX:LNR) completes MLEM survey over Lady Grey Project

Lanthanein Resources Limited (ASX:LNR) has announced the completion of six Moving Loop Electromagnetic (MLEM) survey lines over gold, copper, and nickel geochemical targets at the Lady Grey Project in WA's Yilgarn Province. The interpretation by the Company's geophysical consultants has revealed EM conductor model plates coinciding with Au, Cu, and Ni surface and downhole geochemical anomalies, as a result of an ultra-fine fraction (UFF) soil geochemistry survey completed earlier this year and historical downhole assay data.

Executive Commentary

We are very excited to have finalized the MLEM survey lines over the high priority gold, copper, and nickel targets, particularly the gold targets located along a large regional structural flexure zone in the center of the tenement which also happens to coincide with the Godzilla geochemical lithium anomaly. We are really excited that the EM conductor plate under MLEM survey line 1 coincides with the 256 ppb Au UFF soil anomaly. The Forrestania region is also well known historically for significant gold production from the old Bounty Mine producing ~1.3 Moz Au adjacent to our Lady Grey project tenements. We continue to press ahead with the approvals processes of PoWs and Heritage for drilling these targets in Q4 2024.

Summary

Lanthanein Resources has successfully completed the Moving Loop Electromagnetic (MLEM) survey over the Lady Grey Project, identifying EM conductor model plates coinciding with gold, copper, and nickel surface and downhole geochemical anomalies. The Company's Technical Director, Mr. Brian Thomas, expressed excitement over the findings, particularly the discovery of the EM conductor plate coinciding with the 256 ppb Au UFF soil anomaly. The Company is progressing with the approvals processes of Programmes of Work (PoWs) and Heritage for drilling these targets in Q4 2024. The Lady Grey Project's proximity to historically significant gold production areas and the identification of high priority gold targets provide an optimistic outlook for Lanthanein Resources' future endeavors in the region.