Alderan Resources Ltd. (AU:AL8) has released an update.
Alderan Resources Ltd. has reported finding highly anomalous grades of neodymium, praseodymium, and lithium in stream sediment samples at its Itaipe lithium project in Brazil. These elements are crucial for high-tech and defense industries, and the findings suggest a favorable geological setting for rare earth and lithium mineralization. The company plans further exploration to define prospects for detailed soil sampling, geological mapping, and drilling.
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