Rincon Resources Ltd. (AU:RCR) has released an update.
Rincon Resources Ltd. reports promising signs of niobium and rare earth elements at its West Arunta Project in Western Australia, with preliminary analysis suggesting the presence of a large alkaline igneous complex. Drilling at the Avalon and Sheoak targets has revealed syenite intrusions associated with these elements, and the company is awaiting laboratory assays to confirm initial findings from portable X-Ray Fluorescence data. Rincon is optimistic about the potential for significant Nb-REE deposits, akin to those found in global calc-alkaline intrusive complexes.
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