Several discrete magnetic bodies have been revealed by 3D magnetic inversion modelling over potential rare earths targets within Regener8 Resources’ East Ponton Future Metals project. The work follows confirmation of rare earths enrichment in historical samples from the Grasshopper prospect, with up to 1698ppm total rare earth oxides and elevated phosphorous, strontium and barium also returned – key pathfinder elements in detecting carbonatites.
The new geophysical modelling has revealed discrete magnetic bodies potentially representative of buried “carbonatite intrusions” that remain effectively untested. According to the company, historical drilling by AngloGold Ashanti/ IGO back in 2013 appear to have terminated early in the upper basement prior to intersecting the main body of magnetic anomalies.