RareX

Piper Exploration

IBM Plex Sans

Driven by the Clean Energy Revolution

The Piper Project contains an untested 2.5km wide bullseye magnetic anomaly forming a large carbonatite target under sedimentary cover in the same Aileron tectonic province extending from the West Arunta of WA into the NT 

The Aileron Province is proven to host mineralised alkaline magmatism related to a mantle hotspots, with multiple niobium (Nb), phosphate (P) and rare earth element (REE) carbonatite occurrences, such as the WA1 Resources Luni Nb discovery 380 km to the west of Piper and the Nolans Bore REE deposit 170 km to the southeast 

The carbonatite target is comprised of a strong bull’s-eye magnetic anomaly 2.5km in diameter. The geophysical anomaly sits under the Arumbera Sandstone which is interpreted to be 100m to 200m thick based on geophysical survey data and two historical air-core drill holes to a max depth of 93m over the magnetic anomaly, where none of the holes reached magnetic basement rocks.

The magnetic anomaly response of the carbonatite target indicates that the source body is in the upper 100m to 200m, and the target mineralisation is Nb-REE-P similar to the Cummins Range and Mt Weld carbonatite hosted deposits. 

Subject to the granting of approvals, this is one of the highest priority targets in the portfolio

Date	Headline
2 Oct 2024 11:08 AM	Amended RareX gains access to bulls eye magnetic anomaly
1 Oct 2024 9:57 AM	RareX gains access to bulls eye magnetic anomaly in the NT 2 1

Piper Announcements