Australian Mines Limited (AU:AUZ) has released an update.
Australian Mines Limited has discovered significant Rare Earth Element (REE) anomalies in stream sediment samples from its Resende Lithium Project in Brazil, with values up to 2,893 ppm Total Rare Earth Oxides (TREO). These findings, separate from previously announced tin, tantalum, and lithium anomalies, suggest potential for new REE mineralization within close proximity to other valuable resources. The company has initiated further exploration to ascertain the economic potential of these anomalies.
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