The world's appetite for Rare Earth Elements (REE) is growing.
In the last few years, ASX explorers have been heading to South Australia where ionic absorption clay deposits hold the four key elements (neodymium, praseodymium, dysprosium and terbium). These are essential for permanent magnets, used in electric vehicles, wind turbine generators, MRI scanners and cordless tools.
Taiton's location
Taiton Resources (ASX:T88) is based in a barely touched-on part of South Australia’s Gawler Craton. Zircon geochronological work conducted by Taiton at its Highway project has identified a shallow hydrothemeral system, which appears indicative of hydrothermal mixing of fluids concentrated in lead, uranium and REEs.
Potential for discovery
While results from a recent induced polarisation (IP) geophysical survey have reinforced Taiton’s target modelling that it is on to a climax-type molybdenum porphyry system, the company believes there is also great potential for the discovery of rare earth mineralisation – especially considering neighbours Indiana Resources (ASX:IDA), who abut Taiton’s tenements, have recently extended their REE target zone at the Minos prospect within the Central Gawler Craton Exploration Project (CGCP). (Source: Stockhead)
“We know a historical drill hole had gone through very shallow basement at our project and picked up rare earths so while we are about to kick off a 20 to 30 drilling hole program to test our molybdenum story, we will also be drilling through the same soils that could potentially host rare earths.” - Noel Ong, Taiton Managing Director
“I think the fact that no one has done much work there in the Gawler Craton for the past two decades is perfect messaging for finding critical mineral opportunities. These drilling results could potentially open the door to a new frontier.”
Read more here from Stockhead about why ASX Explorers are flocking to South Australia in search of REEs.
Learn more about Taiton's projects:
About Taiton Resources Limited
Taiton Resources Limited is a mineral exploration company focussed on projects in Western Australia and South Australia.
ABN 41 062 284 084 ACN 062 284 084
The Company's projects
(a) Highway Project, located in South Australia,
(b) Lake Barlee Project, located in Western Australia; and
(c) Challenger West Project, located in South Australia;
The projects have a range of exploration activities planned. The company will be undergoing a series of grassroots exploration and also several walk-up drilling targets.
ASX announcements and Taiton Investor Hub
Sign in to Taiton Investor Hub to view our latest developments
Contact
t: +61 3 8648 6431
f: +61 3 8648 6480
REGISTERED OFFICE: Level 13, 200 Queen St, Melbourne, VIC 3000
e: EMAIL US