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Eyre Peninsula Kaolin-Halloysite Project

Eyre Peninsula Kaolin Project

Power’s Eyre Peninsula Kaolin-Halloysite Project consists of four Exploration Licences (EL6677, EL6681, EL6689 and EL6961) and Exploration Licence Application ELA2023/033. It is strategically located adjacent to Andromeda Metals’ (ASX: ADN) Kaolin-Halloysite projects on the western side of the Eyre Peninsula.

In addition to kaolin-halloysite, the project also has prospectivity for rare earth elements (REE) as shown in results from 2022 drilling. The program was successful in intersecting kaolin and halloysite mineralisation, plus significant clay-hosted REE concentrations. Samples from nine drillholes in the first phase of drilling returned results in excess of 1,000ppm REO concentration, with three distinct areas of significant REE intersections.

Power completed a second phase of drilling in 2023 with exceptional individual results returned including 1m containing 7,495ppm total rare earth oxides (TREO); of this 2,460pppm (or 32.8%) of was heavy rare earth oxides (HREO).

Highlight results included:

  • 9m at 3,015 ppm TREO with 535 ppm HREO from 41m including 2m at 7,305 ppm TREO of which 1,781 ppm is HREO from 42m in drillhole PKD23-135 
  • 10m at 2,097 ppm TREO of which 173 ppm is HREO from 10m in PKD23-161
  • 1473ppm magnet rare earth oxide (MREO) from 43m in PKD23-139
  • 3m at 10,253ppm (1.0%) TREO which included 3,078ppm (0.3%) MREO from 43m
  • 1m averaging 14,152ppm (1.4%) TREO which included 2,204ppm MREO from 44m

The 24.2% HREO in the TREO fraction from 42 metres returned in drillhole PKD23-135 at Dickson Well is the highest known clay-hosted REE concentration to be reported in South Australia. Power will follow up these results.

We also plan to assess the uranium potential of the project after possible anomalous uranium concentrations from 1m sediment samples were detected at all three of its granted exploration licences.