Harvest Minerals Provides Update on Rare Earth Exploration at Arapuá Project
Why we think this is neutral
This RNS announcement provides an update on the rare earth exploration activities at Harvest Minerals' Arapuá Project in Brazil. While the results seem encouraging, with the discovery of rare earth elements and high titanium content, the announcement does not contain any financial figures, contract details, or other mandatory news categories. Therefore, a neutral sentiment score is appropriate.
Key Points
- Exploration work conducted in consultation with PVW Resources Limited
- 36 historical samples analyzed, showing encouraging average TREO concentrations
- Confirmation of rare earth element presence in "Bone" lithotype
- TiO₂ grades within the mineralized TREO intervals range from 12.55% to 15.42%
- Further RC Drilling and Sampling is planned
Summary
Harvest Minerals Limited, the AIM-listed fertiliser producer, has provided an update on the latest rare earth exploration activities at its 100% owned Arapuá Project in Brazil. The exploration work has been conducted in consultation with PVW Resources Limited, and the results show encouraging average TREO concentrations ranging from 2,110.53 to 2,656.99 ppm, as well as confirmation of rare earth element presence in a new "Bone" lithotype. Further RC drilling and sampling is planned to accelerate the exploration program.