Kendrick Resources (LSE:KEN), a rare earth explorer focused on its Teufelskuppe project in Namibia, reported portable X-ray fluorescence results from drill holes TKDD004 to TKDD006, with all three confirming near-surface mineralisation at grades the company says place the project in the upper global quartile.
TKDD005 returned the clearest continuity signal, intersecting 2.35 weight percent total rare earth oxides (TREO) over 8.00 metres from surface.
TKDD006 delivered the deepest and widest mineralised profile, with five high-grade intervals each exceeding 3.00 wt% TREO between 3.25 metres and 36.75 metres, while lower-grade sections between those intervals averaged 2.04 wt% TREO across a combined 20 metres, pointing to consistent mineralisation throughout the hole.
TKDD004 intersected continuous REE mineralisation from surface to 5.50 metres at an average of 2.30 wt% TREO, including 3.61 wt% TREO over 0.75 metres from 4.75 metres.
Neodymium and praseodymium together account for approximately 25% by weight of the roughly 3 wt% rare earth pool, the elements regarded as the project's economic cornerstone given their role in permanent magnets for electric vehicles and defence systems.
Drill core has been submitted for laboratory analysis to validate the pXRF readings and support a JORC-2012 compliant resource estimate, which is being progressed against the development plan schedule announced on 6 May.
