Kendrick Resources (LSE:KEN) rose 5.3% to 2.528p after publishing a development plan for the Teufelskuppe and Kieshöhe licences in Namibia.
The plan prioritises an on‑schedule diamond drilling campaign, a maiden Mineral Resource Estimate and light-rare-earth oxide inventory for eight outcropping TK bodies, and benchmarking against comparable Nd-Pr projects, supported by inherited high-grade data including assays from drill hole TWDD001 that returned 6.1% TREO and an 8.1% TREO intercept over 21.2m.
"We are moving forward with the TK carbonatite project on several fronts in parallel, and we now consider TK to have the economic potential to become a Tier 1 project in this sector," Colin Bird, Chairman, said.
The company's work programme targets conversion of surface resources to JORC (2012) compliance, targeted drilling to define subsurface carbonatites at TK and KH, comprehensive metallurgical and Nd‑Pr separation testing, conceptual open‑pit engineering including a high‑grade starter pit, pre‑concentration studies, environmental and permitting work, partner and offtake engagement and completion of a PFS and PEA alongside an updated financial model.
Kendrick said it will provide a near‑term update once the high‑resolution digital elevation model is finalised and the drilling campaign advances to support the maiden MRE and feasibility studies.
