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High Grade Potential At Ampasindava
High Grade Potential At Ampasindava.
About this update from Harena Rare Earths Plc
[{"type":"text","content":"\n\n \n31 March 2025\n \n \nCitius Resources Plc (to be re-named Harena Resources Plc)\n \n(\"Harena\" or the \"Company\")\n \nHistorical Exploration Data Review Highlights High Grade Potential At Ampasindava\nHighlights:\n· Extensive trench and pit sampling confirm high integrity and elevated TREO grades\n· 30,059 samples from 4,474 vertical pits with some max grades up to 14,995 ppm TREO and 39,098 ppm TREO\n· 242 samples across five trenches returned max grade up to 3,663 ppm TREO and 4,589 ppm TREO\n· Vertical pits (1m by 1m up to 10m deep) provided extensive channel sampling coverage\n \nHarena (LSE:HREE) is pleased to provide an update on the Ampasindava Rare Earths Project (\"Project\") in north-eastern Madagascar.\nFollowing a detailed review of historic exploration data that formed the basis for the current Mineral Resources Estimate (\"MRE\") of 698.5 million tonnes measured, indicated and inferred JORC 2012 compliant Resource reported on 1 November 2023 by SGS (and incorporated in the Company's prospectus dated 26 February 2025), the Company has identified significant high-grade rare earth zones.\nThe MRE supports a potential mine-life of over one hundred years. This potential longevity creates flexibility in mine planning and the opportunity to target high grade zones during critical start up years. This forms part of the Company's strategy to enhance near-term project economics and cash flow generation.\nEarly High-Grade Potential Confirmed\nThe Company's technical team has review all available historic exploration data from trenching, sinking vertical pits, and 277 diamond drill holes. This work confirms the potential for early stage high-grade mining operations and mine plan optimisation.\nAdditionally, the advanced level of exploration and feasibility work already completed on the Project, presents further opportunities for to optimise mine planning optimisation across the ionic clay rare earth element (\"REE\") deposit.\nJoe Belladonna, Managing Director, commented:\n\"This review highlights the value of acquiring a mature project with substantial historic exploration and development spend. I am particularly pleased that the team is identifying project optimization potential from day one - particu...