Black Ridge is making a move in Mongolia, carrying out due diligence on a rare earths project which hosts favourable topography which would potentially allow for a future open cut operation. Another plus is well-developed local infrastructure.
Reposted from Proactiveinvestors Australia
By Christine Feary
Black Ridge Mining (ASX: BRD) has commenced due diligence at Rare Earths project in Mongolia, under a Heads of Agreement signed earlier this month.
The main ore body at the Mongolia project is contained within an alkaline, igneous, elliptical shaped intrusion that is 550 metres long and 200 metres wide.
Previous work indicates the potential for Heavy Rare Earth Elements at grades of between 300 and 400 parts per million, with an exploration target of between 20 and 25 million tonnes. Meanwhile, the topography appears to be favourable for an open cut operation. More…
