Gallium, Magnet REO and Heavy REO Discovered at Rum Jungle
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| Stock | Korab Resources Ltd (KOR.ASX) |
|---|---|
| Release Time | 29 Jul 2026, 6:20 p.m. |
| Price Sensitive | Yes |
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Korab Resources Discovers Gallium, Magnet REO, and Heavy REO at Rum Jungle
Key Points
- Gallium oxide found in 84% of samples, with highest grade at 72.86 ppm
- Magnet REO found in 67% of samples, with highest grade at 371.46 ppm
- Heavy REO found in 33% of samples, with highest grade at 507.38 ppm
- Approximately 23 km of strike length remains untested for these elements
- Discovery adds significant value to the Rum Jungle Project
Full Summary
Korab Resources Ltd announced the discovery of gallium, magnet rare earth oxides (REO), and heavy REO at its Rum Jungle Project in the Northern Territory. Re-assaying of 89 rock chip samples revealed that 84% of samples contained gallium oxide above 20 ppm, with the highest grade at 72.86 ppm. Additionally, 67% of samples had magnet REO above 50 ppm, with the highest grade at 371.46 ppm. Furthermore, 33% of samples contained heavy REO above 50 ppm, with the highest grade at 507.38 ppm. These discoveries add significant value to the project, with approximately 23 km of strike length remaining untested for these elements.
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