Rincon Resources (ASX: $RCR) announces expansion of West Arunta Project

Rincon Resources Limited (ASX: $RCR) has announced the submission of a new exploration licence application (ELA) that further extends its presence in the West Arunta region, surpassing 260 km². The new ELA, which borders Rincon's current tenements, encompasses the historic 'Mantati' copper-lead-zinc occurrence and is associated with the Central Australian Suture. Additionally, the company has been granted exploration licence E80/5761, located adjacent to Norwest Minerals' (ASX: $NWM) Arunta West REE Project.

Rincon's Managing Director, Gary Harvey, on the West Arunta Project expansion

I have previously stated that we continue to review and look for opportunities to improve our West Arunta Project area whether it be via application or acquisition. On this occasion, we have again been able to secure land adjacent to our existing tenements and encompassing part of the Central Australian Suture (CAS). More importantly, the new application includes the Mantati mineral occurrence where public records note the presence of anomalous copper, gold and silver, just like what we see at Pokali. We're now starting to consolidate an important package of ground along the CAS, which is highly prospective for various deposit types, including IOCG, carbonatite-style REE, orogenic gold and other base metals. This is a good start to 2024 as we head into our diamond and RC drilling programs, scheduled to commence end of February.

Rincon Resources (ASX: $RCR) West Arunta Project expansion and future plans

Rincon Resources Limited (ASX: $RCR) has expanded its West Arunta Project with a new tenement application and a recently granted exploration licence, further solidifying its presence in the highly prospective region. The company's Managing Director, Gary Harvey, expressed optimism about the expansion, highlighting the potential for various deposit types, including IOCG, carbonatite-style REE, orogenic gold, and other base metals. With plans for diamond and RC drilling programs set to commence, Rincon aims to capitalize on the newly acquired ground and the significant mineral occurrence at Mantati. The company's strategic focus on systematic exploration work programs aligns with its goal of creating value for shareholders by advancing its assets and discovering economic resources.