Corella Resources Unveils Promising Rare Earth Discoveries

Corella Resources Ltd (AU:CR9) has released an update.

Corella Resources Ltd has reported promising results from their exploration drilling in West Australia, uncovering significant levels of Total Rare Earth Oxide (TREO) and Magnetic Rare Earth Elements (MREE) in both kaolin clay and pegmatite deposits. The findings indicate potential for efficient extraction of these elements using traditional methods, with further drilling planned to explore the mineralogical and metallurgical characteristics. This development could enhance the company’s prospects in the rare earth elements market, drawing interest from investors keen on resource stocks.

For further insights into AU:CR9 stock, check out TipRanks’ Stock Analysis page.