Corella Resources Ltd (AU:CR9) has released an update.
Corella Resources Ltd is set to initiate a pioneering Rare Earth Element (REE) and pegmatite drilling program in the Tampu region of Western Australia, leveraging high-resolution geophysics to target previously unrecognized geological complexities. The drilling, which is financially backed by Westside Drilling through an equity deal covering half of the drilling costs, will explore potential REE mineralization within clays and pegmatite clusters within the company’s wholly owned tenements. This exploratory step marks the first of its kind in Tampu, with the anticipation of uncovering new mineral deposits in an area once thought to contain only granite.
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