Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Metallurgical Drilling Confirms Historic Grades at the Byro REE / Li Project

by admin February 25, 2025
February 25, 2025
Metallurgical Drilling Confirms Historic Grades at the Byro REE / Li Project

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”), a Western Australia focused explorer of the new energy metals antimony, REE’s, Lithium and gold, is pleased to report that laboratory assays have now been received from the two metallurgical core drillholes at the Byro REE’s / Li Project in the Gascoyne Region of Western Australia.

Highlights

  • Assay results received from metallurgical drilling at the Byro REE & Li Project confirm historic REE / Li mineralisation intercepts.
  • Intercepts of over 50m from surface with grades including 500ppm Total Rare Earth Oxides (TREO) with 20% magnetic REE’s, 375ppm Lithium Oxide (Li2O) and 523ppm Vanadium Pentoxide (V2O5).
  • Mineralisation has been intercepted in historic drilling over 30km of strike.
  • The drilling was to provide fresh samples of the Byro black shale to undergo metallurgical extraction testwork.

Octava’s Managing Director Bevan Wakelam stated;

”Octava is investigating the potential for Australia’s first, large scale, low cost sedimentary basin deposit of REE’s, lithium and base metals. Metal extraction from black shales is a proven, low- cost technology used in other operations around the world. We will commence initial metallurgical testwork to determine the viability of extracting these metals from the black shale at Byro. We look forward to providing further updates as this work proceeds.

The Byro Project is located on the Byro Plains of the Gascoyne Region, Western Australia, 220km south-east of Carnarvon and consists of two granted Exploration Licences – E 09/2673 and E 09/2674 – totalling 798 km2. The Byro Project also has Native Title agreements in place. Nearby infrastructure includes accessibility to a commercial port (Geraldton) and power from the NW gas pipeline and future potential access to Western Australian government proposed green energy sites.

Two metallurgical HQ3 coreholes were drilled for a total of 204m. The holes were drilled adjacent to previously drilled RC holes to confirm mineralisation and to provide fresh sample material for metallurgical testwork.

The Byro project lies at the centre of the Permian Byro Sub-basin of the Carnarvon Basin. The Byro Group hosts sedimentary packages of sandstones, siltstones and mudstones, including black shales and coal seams. The dominant unit in the tenure is the Bulgadoo shale, which consists of banded carbonaceous shale and arenite, containing beds of enriched pyrite, bivalves and bryozoans.

The black shales in the Byro sub basin appear to have formed a metal sink that contains large volumes of anomalous REE, Li and base metals. The source of the metals at Byro is likely the Archean basement rocks of the Yilgarn Craton located ~40km to the east. The REE host rocks at Byro have been transported to their current location, unlike typical REE clay exploration targets in Australia which are formed in situ, from weathered granitic basement rocks.

Permian Black shales are known worldwide for their potential to host enriched poly-metallic deposits. These deposits contain considerable volumes of lower concentration resources of base metals, rare earths, lithium and other strategic minerals. They offer the opportunity for large-scale, low-cost mining operations capable of supplying the metals for a number of years. Octava is examining the black shales at the Byro project for the same potential.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation
next post
Unlocking a New High-Grade Antimony-Tungsten Structure Adds Potential to Wild Cattle Creek

Related Posts

Coelacanth Announces Q4 2024 Financial and Operating Results

April 25, 2025

Silver Tiger Metals Inc. Announces Bought Deal Financing

March 26, 2025

Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition...

February 26, 2025

Trump Admin Fast Tracks Anfield’s Velvet-Wood Uranium Project...

May 16, 2025

Is Now a Good Time to Invest in...

February 5, 2025

Clinical trial data shows RAD 101 detects Brain...

February 10, 2025

AngloGold Sells Two African Assets to Resolute Mining

May 6, 2025

How to Invest in Rare Earth Metals

May 6, 2025

RUA GOLD Announces C$5 Million Brokered Offering of...

February 13, 2025

Syntheia Launches AssistantNLP, Elevating Customer Interaction with AI-Powered...

February 5, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • King Charles emphasizes Canada’s ‘self-determination’ as he opens parliament after Trump’s annexation threats

      May 28, 2025
    • Chaos erupts on first day of US-backed aid distribution in Gaza after weeks of hunger

      May 28, 2025
    • Germany’s leader has criticized Israel’s conduct in Gaza. Here’s why that’s a big deal

      May 28, 2025
    • Macron’s marital shove disappears from French airwaves

      May 28, 2025
    • Judge in Diego Maradona trial stands down following documentary scandal

      May 28, 2025
    • The Best Five Sectors, #20

      May 28, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved