Frontier Snaps Up Prime ‘Rare Earth’ Real Estate

Following the 100% acquisition of privately held Dalkeith Capital Limited, Frontier Resources has taken control of a site considered to be prospective for rare earth and high purity alumina. The rare-earth project at Gascoyne will enhance the company's already developed pool of battery minerals in the Northwest that are critical to the production of permanent magnets within batteries.

The recently acquired Gascoyne project is thought to harbor the light rare earth oxides neodymium and praseodymium, both of which are key components of permanent batteries.

Frontier said previous rare-earth exploration on the 230 square kilometer Gascoyne property was limited, which is somewhat surprising given its proximity to the adjacent world-class Hastings Technology Metals-owned Yangibana deposit, which hosts 27.42 million tonnes of rare-earth oxides at a total grade of 0.97%, a huge treasure trove.

The Yangibana deposit has a total rare-earth oxide content of 33% neodymium and 52% praseodymium, respectively. These ratios make the project one of the highest rare-earth projects in the world in terms of value per kilogram of ore.

Another rare-earth project that has recently started up in the vicinity is the $104 million market cap Dreadnought Resources, which recently made a series of successful rare earth discoveries at its Mangaroon project located approximately 15 kilometers southwest of the Yangibana esource.

In addition, as part of its acquisition of Dalkeith Capital, Frontier has taken control of a vast 240 square kilometer site located 460 kilometers east of Kalgoorlie, where its 100% owned Koolya project has been assessed as promising for high purity alumina. High purity alumina is a high-value, high-margin, and high-demand product that is key to the manufacture of smartphone screens, LED lights, watch faces, and lithium-ion batteries.

Koolya is a drill ready project and Frontier plans to proceed with an exploration drilling program as soon as the work permit program is approved. Initial drilling is intended to investigate the depth, thickness and alumina content of the project area. In addition, there are no competing grazing leases or freehold farmland in the area, significantly reducing potential barriers to the development of mining operations. The project is also adjacent to the Trans-Australian Railway, allowing for bulk product transportation.

As demand for lithium-ion batteries continues to surge, a significant increase in demand for high-purity alumina is also expected. The company's Koolya project is located in a proven area of high-quality kaolin production, Tellus Holdings' Sandy Ridge kaolin mine is only 30 kilometers to the northeast, and Kula Gold's most recent discovery is located 80 kilometers to the south.

The acquisition of Dalkeith resulted in the issuance of 75 million common shares and 37.5 million performance shares by Frontier to Dalkeith shareholders. The completion of the Dalkeith acquisition complements the recent acquisition of the Murraydium REE project and allows the Company to advance planned exploration for key metals that could help the world achieve its goal of net zero carbon by 2050.

With undeveloped land adjacent to Hastings' large rare-earth project and in the same rock formation, Frontier's venture has the potential to provide the world with key minerals for a green economy in 2022. In addition, its high-purity alumina project is likely to be a focus of investor attention. Since the company owns undeveloped land adjacent to and in the same rock formation as Hastings' large rare earth project.

• < Prev
• Next >