Gardner Range – REE/U (Magnet Resource) 205km2

Location and Tenure

The Gardner Range REE/U project consists of one tenement application, (E80/5684) within the Kimberley region of Western Australia, located ~150km southeast of the town of Halls Creek. The project is adjacent to the Mount Mansbridge REE project held by Red Mountain Mining (ASX:RMX) and 20km southwest of Northern Minerals (ASX:NTU) Browns Range rare earth carbonate project (9.24Mt @ 0.67% TREO).

Geological Setting

The Gardner Range area is underlain by the Palaeoproterozoic granite Tanami Complex, with an isolated inlier of schistose to phyllitic sediments tentatively mapped as Archean Killi Killi Beds in the tenement unconformably overlain by the Proterozoic Gardner Range sediments of sandstones, siltstones and shale.

Exploration history and potential

The Gardner Range project area contains sediments that are known to host unconformity – type uranium and REE mineralisation elsewhere in the region, most notably at Mount Mansbridge and Mount Mansbridge South to the immediate north of the tenement area. It is considered possible that similar REE mineralisations exist associated with the same unconformity in the tenement area. Available government radiometric data indicates radiometric anomalies similar to those occurring at Mount Mansbridge and Mount Mansbridge South within the tenement area.