STOCKHEAD: Could rare earths play Sagon have another Mt Weld on its hands?






Special Report: At Cummins Range – already the #4 biggest rare earths project in Australia – Sagon has uncovered an extra ~9km of potentially mineralised strike. The explorer is now planning a much larger maiden drill program than initially intended.


Sagon Resources (ASX:SG1) has already inked a maiden resource at the recently acquired Cummins Range project, based on historical resource and geological data.

That resource — 13 million tonnes grading 1.13 per cent total rare earths oxides (TREO) — makes it the fourth biggest project in Australia, just ahead of Northern Minerals’ (ASX:NTU) more advanced Brown’s Range project.


And yet this could just be the foundation of something much, much bigger at Cummins Range.

A detailed review of historic exploration data has uncovered at least 9km of additional strike prospective for rare earths.

READ MORE AT STOCKHEAD


https://stockhead.com.au/resources/could-rare-earths-play-sagon-have-another-mt-weld-on-its-hands/

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