Peak Rare Earths (ASX: $PEK) announces major high-grade fluorspar discovery

Peak Rare Earths Limited (ASX: $PEK) is pleased to announce the final set of assay results from its critical minerals exploration programme, targeting the multi-commodity potential of the Ngualla carbonatite system. The results cover a maiden drilling campaign in the Breccia Zone, confirming extensive high-grade and thick intercepts of fluorspar and rare earth mineralisation. The company's CEO, Bardin Davis, expressed excitement about the major fluorspar discovery and the extension of high-grade phosphate mineralisation in the Northern Zone.

Executive Commentary on Major Fluorspar Discovery

The results from our maiden drilling campaign in the Breccia Zone are extremely exciting and confirm a major fluorspar discovery. Fluorspar is an increasingly strategic critical mineral, and we have the potential of a globally significant deposit. The final assay results from the Northern Zone are also very pleasing and further extend the mineralisation area of high-grade phosphate. We intend to further assess the potential for low-cost development options for these two commodities.

Summary of Major Fluorspar Discovery and Outlook

Peak Rare Earths (ASX: $PEK) has announced the confirmation of extensive high-grade fluorspar and rare earth mineralisation from its critical minerals exploration programme. The company's CEO expressed excitement about the major fluorspar discovery and the extension of high-grade phosphate mineralisation in the Northern Zone. Peak intends to continue engagement with strategic parties around low-cost phosphate and fluorspar development options that could complement the delivery of the Ngualla Rare Earth Project. Additional drilling will also be evaluated as part of the next phase of the critical minerals exploration programme, indicating a positive outlook for the company's future exploration and development efforts.