Results from a 2021 campaign showed important concentrations of various critical minerals, including niobium (Nb), gallium (Ga), rubidium (Rb), praseodymium (Pr), dysprosium (Dy), germanium (Ge), cerium (Ce), and samarium (Sm), Auxico said.
Observations from channel sampling across eight pits indicate the prevalence of mineralization within the clayish-rich conglomerate, particularly rich in tantalum, niobium, scandium and other critical minerals.
“The extensive sampling data not only validates the property’s potential but also facilitates the development of an accurate plan with key targets as Auxico progresses towards production,” chairman Mark Billings said.
Auxico initially discovered rare earth oxide (TREO) content of 56.81% at Minastyc, likely the product of an asteroid impact in close proximity to the property.
Studies carried out since 2019 prompted Auxirico to buy two adjoining properties; Agualinda and the…
