Exploration Programme Results

Peak Rare Earths Limited (ASX: $PEK) has released the latest assay results from its critical minerals exploration programme at the Ngualla carbonatite system. The results indicate extensive high-grade and shallow mineralisation of niobium, phosphate, and rare earths. Further assay results from key targets within the Northern Zone and Breccia Zone are expected by the end of March.

CEO's Perspective

We are extremely excited by the niobium intersections, which support the potential of a very high-grade niobium mineralisation area within the Northern Zone. The extension of shallow and widespread phosphate mineralisation within the Northern Zone is also very pleasing and supports the recently identified opportunity to supply phosphate into the local fertiliser market. We are eagerly awaiting the assay results from the remaining drill holes across the Northern Zone and Breccia Zone.

Outlook and Future Prospects

The latest assay results from Peak Rare Earths' exploration programme at Ngualla have revealed extensive high-grade niobium, phosphate, and rare earth mineralisation. The company anticipates further assay results from key targets within the Northern Zone and Breccia Zone by the end of March. The strategic importance of niobium and heavy rare earth elements, dysprosium and terbium, further enhances the significance of these findings. With the potential to supply phosphate into the local fertiliser market and the concentration of heavy rare earths in the Northern Zone, Peak Rare Earths is well-positioned to capitalize on the multi-commodity potential of the Ngualla carbonatite system.