NewPeak Metals (ASX:NPM) said surface sampling program at Treuer Range project in the Northern Territory showed total rare earth oxide values of up to 645.03 parts-per-million and light rare earth element oxide values of up to 606.31ppm, according to a Thursday Australian bourse filing.
The sum of neodymium oxide and praseodymium oxide came in up to 93.05 ppm.
The firm will conduct a technical evaluation of rare earth element prospectivity at the EL33611, within which the project is located, as well as at the broader Ngalia Basin.