Key Facts about West Cobar Metals (ASX:WC1) announcement

West Cobar Metals Limited (ASX:WC1) has announced a significant increase in the Mineral Resource Estimates for rare earth elements (REEs), titanium dioxide, scandium, and alumina at its 100%-owned Salazar Critical Minerals Project in southern Western Australia. The revised estimates, driven by the air core drill program of June 2024, include a 46% increase in REE Mineral Resource Estimate to 123Mt, a 45% increase in Inferred Mineral Resource Estimate for TiO2 to 42Mt, and a 25% increase in Inferred Mineral Resource Estimate for Scandium to 15Mt. The project, located 120km north-east of Esperance, is expected to have potential for major increases in tonnages of all the reported commodities, with a total REE Mineral Resource Estimate at Salazar Project now increased to 230Mt at 1178ppm TREO.

Executive Commentary on Salazar Critical Minerals Project

West Cobar Metals' Managing Director, Matt Szwedzicki, expressed his satisfaction with the substantial Mineral Resource Estimates of high-value critical minerals at the Salazar Critical Minerals Project. He highlighted the potential for major increases in tonnages of all the reported commodities, particularly emphasizing the globally significant scandium resource of 15Mt at 100ppm Sc. Szwedzicki also noted the total 11 Inferred and Indicated Resource of 230 Mt at 1178 ppm TREO, indicating the project's significant potential.

Summary of West Cobar Metals (ASX:WC1) Announcement

The announcement by West Cobar Metals (ASX:WC1) regarding the major resource expansions at the Salazar Critical Minerals Project reflects the company's success in substantially increasing the Mineral Resource Estimates for rare earth elements (REEs), titanium dioxide, scandium, and alumina. The project, located in southern Western Australia, has shown a significant increase in the total REE Mineral Resource Estimate to 230Mt at 1178ppm TREO, indicating the potential for major increases in tonnages of all the reported commodities. The Managing Director's commentary further emphasizes the project's significant potential and the globally significant scandium resource, highlighting the company's positive outlook for the future.