Brazilian Rare Earths Advances Exploration at Brazil Project in June Quarter; Shares Up 3%

MT Newswires Live

Jul 23

Brazilian Rare Earths (ASX:BRE) advanced exploration at the Velhinhas project in Brazil in the quarter ended June 30, intersecting over nine kilometers of rare earth corridors, according to a Thursday filing with the Australian bourse.

A geophysics survey confirmed four large-scale north-northeast trending mineralized corridors, extending rare earth mineralization to over eight kilometers south of the Monte Alto deposit, the filing said.

The company will now report the deposit and associated regional corridors under a unified Monte Alto District exploration and development framework, per the filing.

Shares rose 3% in morning trade Thursday.

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