EVR identifies significant gallium, germanium, and REE mineralisation at Khartoum Project, QLD
Project Name: Khartoum Project
Project Location: QLD, Australia
Project Stage: Exploration
ProjectBank Summary:
EV Resources Limited (ASX: EVR) is pleased to advise shareholders of significant findings from its exploration activities at the Khartoum Project in northern Queensland. The company has identified notable gallium and germanium mineralisation, with grades reaching over 70 g/t Ga. These findings, derived from the New Economy Minerals Initiative by the Queensland Government and leading universities, confirm the region's high potential for critical mineral exploration. Multiple geological styles for mineralisation exist, increasing the project's overall potential. EVR's rock chip database has corroborated the prospectivity with anomalous gallium and germanium samples. Targets are now being developed for further exploration and drilling. Additionally, the company plans to raise $0.5 million through a placement and additional funds through a proposed rights issue to support further work on the Khartoum Project.
EV Resources Highlights:
Gallium and Germanium mineralisation with grades ranging to over 70 g/t (ppm) Ga identified at Khartoum.
The New Economy Minerals Initiative of the Queensland Government and leading universities identifies highly prospective ground for critical mineral exploration in the region where EVR’s tenements are located.
Multiple geological styles for mineralisation exist, increasing the potential of the project.
EVR’s rock chip database confirms prospectivity with anomalous Gallium and Germanium samples.
Targets are being developed for further exploration and drilling.
$0.5 million to be raised through a placement and additional funds through a proposed rights issue.
MD/CEO Statement:
Adrian Paul, Executive Director, commented: "Our geological assessment of the Mossman Orogen, in which our Khartoum Project occurs, is endorsed by the New Economy Minerals Initiative study. EVR is in an excellent position to capitalise on the findings of the study. Prospective targets are being defined for Gallium, Germanium, and Rare Earth Elements, all critical minerals being sought by industry."
