Kendrick Resources (LSE:KEN), the London-listed rare earths explorer, reported further portable XRF (pXRF) results on Tuesday from reverse circulation drilling at its Teufelskuppe carbonatite complex in south-west Namibia, with every hole in the latest batch of eleven returning light rare earth oxide (LREO) intercepts over significant mineralised widths.
Peak intercepts from boreholes TKRC021 to TKRC031 included 4.62% LREO over 20 metres, 4.22% over 40 metres and 3.41% over 54 metres, based on a 3% LREO cut-off grade.
Kendrick said that applying a lower in-house cut-off of 2.50% or 2.00% significantly increased the mineralised widths recorded, pointing to continuity of mineralisation that could support additional bulk tonnage once factored into resource estimation.
Kendrick holds a 70% interest in the Teufelskuppe and neighbouring Kieshöhe licences in Namibia's Bonya rare earth district, where it is drilling toward a maiden JORC (2012) Mineral Resource Estimate for the carbonatite-hosted neodymium-praseodymium mineralisation.
The company has now drilled more than 100 boreholes at Teufelskuppe since physical exploration began in May, combining diamond and reverse circulation rigs to accelerate coverage across the complex's dykes, sills and breccia zones.
"The RC programme has enabled the team to complete its drilling coverage over the mineralised bodies at TK in the shortest possible timeframe," said Colin Bird, chairman of Kendrick Resources.
"We have completed over 100 boreholes and generated the underlying information required to determine a mineral resource and provide bulk samples for metallurgical test work," he said, adding that the company would complete outstanding logging and sampling so that certified assays can inform the geological model.
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Bird said the wider, lower-grade mineralised packages represented "an exciting discovery" being assessed for tonnage against grade, noting that even the lower-grade material sits in the upper quartile of rare earth element deposits worldwide.
Kendrick has previously reported certified SGS assays confirming thorium and uranium levels it said rank in the lowest quartile of comparable hard-rock rare earth projects, alongside mineralogical work showing more than 95% of the rare earth pool resides in fluorocarbonate minerals amenable to established processing routes.