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Prospective For Mineralised Carbonatites Adjacent to WA1
West Arunta
Niobium-REE Project
MTM is acquiring 100% of 3 granted exploration licences in Western Australia’s West Arunta region
Immediately adjacent to ground held by WA1 Resources (ASX:WA1) and Encounter Resources (ASXX:ENR)
Prospective for niobium and rare earth elements
MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) has entered into a binding agreement to acquire 100% of Flash Metals Pty Ltd (Flash), the beneficial owner of three key exploration licenses prospective for niobium and rare earth elements (REE) in the West Arunta region of Western Australia.
Covering ~140km2, the granted West Arunta Niobium-REE licenses are located immediately adjacent to tenements held by WA1 Resources Limited (ASX:WA1) and Encounter Resources Limited (ASX:ENR), where niobium-REE mineralised carbonatites have recently been discovered and are being developed.
The West Arunta region is one of Australia’s critical metal exploration hotspots with over $60m in exploration expenditure collectively invested in the district by a number of ASX companies including Rio Tinto Limited (JV with Tali Resources Pty Ltd) (ASX:RIO), CGN Resources Limited (ASX:CGR), and IGO Limited (ASX:IGO).
Figure 1: West Arunta Project location diagram.