Lanthanein Resources has high hopes for its Lyons rare earths project which is right next door to Hastings’ advanced Yangibana Rare Earths project that is due to come into production this year.
Not to mention, Lyon’s ironstone hosted mineralisation is virtually identical to Yangibana and the carbonatite source for the rare earths in the area are also at Lyons.
Like Yangibana and Lynas Rare Earths’ world class Mt Weld deposits, WA’s carbonatites have become an increasingly important source of rare earths mineralisation on a global scale, with potential to also host economic quantities of thorium, uranium, niobium, yttrium and phosphorous.
“We’re right next door to a mine that’s being developed, we’ve got virtually identical rocks and we’re exploring for rare earths mineralisation that is economically viable – this has been proved by the fact that
