{"id":6873,"date":"2024-03-08T01:37:47","date_gmt":"2024-03-08T01:37:47","guid":{"rendered":"https:\/\/economicherald.net\/?p=6873"},"modified":"2024-03-08T01:37:47","modified_gmt":"2024-03-08T01:37:47","slug":"heres-why-ventures-jupiter-prospect-is-shaping-up-to-be-the-king-of-clay-hosted-ree-plays","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6873","title":{"rendered":"Here\u2019s why Venture\u2019s Jupiter prospect is shaping up to be the king of clay-hosted REE plays"},"content":{"rendered":"<p>Drilling at Venture\u2019s Jupiter prospect has returned a 5,056ppm NdPr intersection<br \/>\nStage 1 holes continue to return consistent high-grade zones of +2,000ppm TREO<br \/>\nResults validate geophysics and cover just a small part of the 40km2 target<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Breaking records is fast becoming a habit for Venture Minerals at its Jupiter clay-hosted rare earths prospect, with the latest drilling returning a stunning intersection of 5,056ppm of just neodymium and praseodymium oxides.<\/strong><\/p>\n<p>The record intersection of the valuable magnet rare earth oxides (MREO), within a 2m intersection grading 13,906ppm total rare earth oxides (TREO), is just the latest winner delivered from the Jupiter prospect within the company\u2019s broader Brothers project in WA\u2019s Mid-West region.<\/p>\n<p>In February, <a href=\"https:\/\/stockhead.com.au\/company\/venture-minerals-vms\/\"><strong>Venture Minerals (ASX:VMS)<\/strong><\/a> reported an <a href=\"https:\/\/stockhead.com.au\/resources\/venture-minerals-produces-super-high-grade-rare-earth-grades-at-hang-on-jupiter-yep\/\"><strong>eye-watering 48m intersection grading 3,025ppm TREO<\/strong><\/a>, which is believed to be the highest clay-hosted REE intersection ever for an Australian project.<\/p>\n<p>The results certainly breathe a great deal of confidence into the potential of Jupiter to host REEs of significant scale and grade.<\/p>\n<p>That the project is close to\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/lynas-lyc\/\"><strong>Lynas Rare Earths\u2019 (ASX: LYC)<\/strong><\/a>\u00a0Mt Weld rare earths concentrator and\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/iluka-resources-ilu\/\"><strong>Iluka Resources\u2019 (ASX: ILU)<\/strong><\/a>\u00a0Eneabba refinery, which is currently in development, only adds to its prospectivity.<\/p>\n<p>\u00a0<\/p>\n<p>Significant drill intersections at the Jupiter REE prospect. Pic: Supplied (VMS)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Consistent high-grade REE zones<\/strong><\/h2>\n<p>Stage 1 drilling of 81 holes totalling 5,074m has now delivered even more reasons for VMS to break out the champagne.<\/p>\n<p>Besides the record intersection in hole BRRC 061, which consists of 3,824ppm neodymium and 1,232ppm praseodymium, the second batch of assays delivered consistent high-grade zones of +2,000ppm TREO with multiple +1,000ppm NdPr intersections.<\/p>\n<p>These high-grade zones also sit within broader zones of up to 72m grading well over 1,000ppm TREO.<\/p>\n<p>Valuable MREOs continue to average about 23% of the total REEs in intersections over +1,000 ppm TREO, while elevated levels of samarium \u2013 a metal with defence applications \u2013 grading up to 389ppm have also been observed.<\/p>\n<p>\u201cJupiter continues to deliver broad zones of high-grade mineralisation with standout levels of REE minerals that are in high demand,\u201d VMS managing director Andrew Radonjic said.<\/p>\n<p>\u201cThe record intersection of over 5,000 ppm of NdPr oxides in these results compliments the previous batch of very-high grade results. Neodymium and praseodymium are vital to the manufacture of permanent magnets for decarbonisation and defence applications.<\/p>\n<p>\u201cThe scale, high-grade nature of the results and prime location of the project provide all the necessary ingredients to position Jupiter as a major, rare earths discovery.\u201d<\/p>\n<p>VMS also says the results continue to validate geophysics and cover only a small portion of the 40km2 target.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Venture Minerals a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/heres-why-ventures-jupiter-prospect-is-shaping-up-to-be-the-king-of-clay-hosted-ree-plays\/\">Here\u2019s why Venture\u2019s Jupiter prospect is shaping up to be the king of clay-hosted REE plays<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Drilling at Venture\u2019s Jupiter prospect has returned a 5,056ppm NdPr intersection Stage 1 holes continue to return consistent high-grade zones of +2,000ppm TREO Results validate <a href=\"https:\/\/economicherald.net\/?p=6873\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6874,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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