Corcel has 80% ownership of the Mt Weld (P38/4489) Project, a granted mineral tenement, located only 1.4 km (0.9 miles) west-north-west of Lynas Rare Earths Limited’s (ASX: LYC) world class Mt Weld REE Mine near Laverton in Western Australia.
The Project covers 171 Hectares in size and the tenement straddles the mine access road to Lynas’s Mt Weld Mine. The tenement is predominantly covered by recent transported sediments obscuring the underlying geology. Four discrete undrilled magnetic features, potentially representing carbonatite intrusive complexes have been interpreted from open file high resolution magnetic survey.
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