Spectrum Rare Earths increases grades at Skyfall Magnetic Rare Earth project
Spectrum Rare Earth's (ASX:SPX) trial pitting at its Skyfall Magnetic End Use Rare Earth Prospect in the Northern Territory has significantly increased grade and extended mineralisation to over 350 metres in cross section.
The positive results continue at Skyfall, as assays show an improving grade profile in the the fastest growing and highest value ‘magnet feed' rare earth segment.
Step-out pitting has extended significant mineralisation to over 350 metres in width. There are further assay and metallurgical results pending.
A number of larger bulk samples are now being tested both in Australia and overseas to investigate the potential for lower cost mineral processing options.
Skyfall has a very high distribution of Magnetic Rare Earths when compared to other rare earth prospects around the world.
Importantly, MEU's are experiencing the strongest growth rates across the sector due to their demand in efficient energy technologies.
Analysis
Assays from trial pitting at Spectrum Rare Earth's Skyfall prospect have returned higher grades from a project that already has racked up a number of firsts.
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