Leeuwin Metals Ltd (ASX:LM1) MD Chris Piggott tells Proactive the company has confirmed a major rare earth element (REE) anomaly through assay results from its Gascoyne Lithium-REE Project in Western Australia. These promising findings, based on a program of 1,000 soil samples, suggest not only the untapped potential for REE but also lithium in the region, strengthening the case for further, more detailed exploration.
With Leeuwin's focus on critical metals, the discovery of a cerium, lanthanum and yttrium anomaly is highly significant, as these elements have crucial applications in various high-tech industries, such as renewable energy, and electronics.
The results support Leeuwin's exploration approach, as we actively advance at all levels of exploration to add value within our portfolio through cost-effective and targeted exploration.
Planned work, together with active programs at the Jenpeg Lithium Project and the William Lake Nickel Project in Canada, will provide us with strong newsflow over the coming weeks.
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