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Narryer Metals (ASX: $NYM) commences maiden drilling program at rocky gully rare earth project

Narryer Metals Limited (ASX: $NYM) initiates maiden diamond drilling program at Rocky Gully REE Project


Narryer Metals Limited (ASX: $NYM) has commenced its maiden diamond drilling program at the Rocky Gully REE Project in the Great Southern region of Western Australia. The program, co-funded by the Western Australian Government, aims to test the carbonatite REE target with up to 3 diamond holes.

Executive Commentary on Rocky Gully REE Project


Narryer's Managing Director Dr Gavin England expressed, 'Narryer is ramping up its exploration push for 2024 and pleased we have drilling underway at our Rocky Gully REE Project in WA. This diamond drilling, partly funded by the WA state government through EIS funding in 2023, is to test the carbonatite REE mineralisation model the Company developed last year. The hole locations were selected as best chance to intersect the carbonate and / or related mineralised halo. Carbonatites are high value projects, with a higher exploration success rate in REE, Nb and other commodities. This is evident in the carbonatite exploration being carried out in the Gascoyne and with the discovery in the Arunta region by WA1 Resources. This coincides with our lithium exploration work underway in Northwest Territories and Ontario, in Canada.'

Summary of Rocky Gully REE Project Commencement


Narryer Metals Limited (ASX: $NYM) has initiated its maiden diamond drilling program at the Rocky Gully REE Project, co-funded by the Western Australian Government. The program aims to test the carbonatite REE target with up to 3 diamond holes. The Company's Managing Director, Dr Gavin England, highlighted the significance of the project, emphasizing the high value of carbonatite projects and the exploration potential in REE, Nb, and other commodities. Narryer's exploration efforts also extend to lithium projects in Northwest Territories and Ontario, Canada, indicating a comprehensive approach to critical minerals exploration.

NARRYER METALS LIMITED
NYM | ASX | Materials
0.034-0.001(-2.86%)
At close 05/07 (AEDT)
Market cap
$3.7M
Volume
17,448
DY Yield
0
PE Ratio
0
52 Week Range
0.027 - 0.195
1YR Return
N / A

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