Business
Teufelskuppe high-Grade Drill Results
Kendrick Resources PLC has announced significant new drilling and sampling results from its Teufelskuppe rare earth project in Namibia, strengthening its potential as a high-grade rare earth development opportunity. A new 112-meter drill hole at TK2 yielded a weighted mean of 3.03 wt% TREO, with over 17 meters exceeding 4.0 wt% from pXRF analysis. Surface sampling across TK1 to TK7 confirmed a strong average grade of 3.12 wt% TREO from 295 samples, with a peak grade of 4.79 wt% at TK1A. High-value neodymium and praseodymium constitute approximately 25% of the TREO basket, and the company is accelerating development towards resource definition and preliminary economic assessments. Disclaimer*
About this update from Kendrick Resources Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\nKendrick Resources Plc\n(\"Kendrick\" or \"the Company\") \nTeufelskuppe high-Grade Drill Results\n \nKendrick Resources (\"Kendrick\" or the \"Company\") is pleased to report strong new drilling and pXRF sampling results from the Teufelskuppe (\"TK\") rare earth project in Namibia, where the Company holds a 70% earn-in interest through its agreement with Bonya Exploration Pty Namibia. The latest results further strengthen TK's drive towards a potentially significant, high-grade rare earth development opportunity.\n \nHighlights\n· New 112m diamond drill hole at TK2 returned a weighted mean 3.03 wt% TREO, including more than 17m above 4.0 wt% from pXRF analysis\n· Surface sampling across TK1 to TK7 confirms strong average TREO grade of 3.12 wt% from 295 samples\n· Peak surface TREO grade at TK1A reached 4.79 wt%, reinforcing exceptional near-surface mineralisation\n· High-value Nd and Pr make up around 25% of the TREO basket, supporting strategic product exposure\n· Combined drilling, sampling and mineralogy continue to support the case for a large-scale, high-grade rare earth project\n· Development work is accelerating as Kendrick advances TK toward resource definition\n \nRecent work has outlined an in-house surface tonnage estimate of 14Mt at an average grade of 3.12 wt% TREO, with standout zones delivering bonanza surface grades of up to 4.79 wt%. These results, combined with favourable rare earth distribution and growing technical confidence, highlight the scale and quality emerging across the TK complex.\nThe Company is now extending that momentum through drilling at TK2, targeting depth continuity beneath one of several prominent carbonatite bodies across the project area. The new borehole results add compelling evidence of mineralisation continuing at depth and support Kendrick's drive to advance Teufelskuppe toward a maiden JORC resource and development studies.\n \n \nChairman of Kendrick Resources, Colin Bird commented \"This is more verification that the very large surface expressions of the TK carbonatite contain similar grades supporting our prognosis of continuity throughout the TK complex. It is important to note that the above surface tonnage estimated for TK ...