Key points
- Empire Resources Limited reports encouraging rare earth mineralisation at Yuinmery.
- Elevated levels of Rare Earth Oxide (REO) up to 3,147ppm discovered.
- Potential for resource discovery with further drilling planned for November 2026.
- Non-Executive Chairman Michael Ruane expresses excitement about the discovery.
Full summary
Empire Resources Limited (ASX: ERL) has announced the discovery of rare earth mineralisation at Yuinmery, with Total Rare Earth Oxide (TREO) levels reaching up to 3,147 parts per million (ppm). The mineralisation is located at the YT01-YT02-YT19 prospects, which span over 3.2 kilometers. Initial samples from 2020 indicated encouraging levels of rare earth oxides, particularly magnetic rare earth oxide elements (MREO) such as neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb). The company has conducted a study comparing their findings with other ASX-listed companies reporting similar low-grade REO-phosphate mineralisation. Empire Resources is now extracting full REE data from archived drilling samples and plans to conduct shallow drilling in November 2026 to further assess the potential of the mineralisation.
Outlook
Empire Resources is optimistic about the potential of the rare earth mineralisation at Yuinmery, with plans to conduct further drilling to assess the resource potential.