MTM Critical Metals have made early progress collecting helicopter high-resolution magnetic survey data over carbonation targets at the Pomme rare earth and niobium project in Canada’s Quebec province.
The early information will help the Perth-based define target areas across the large property highly prospective for rare earth and niobium.
Limited drilling in times of lesser demand returned exceptional results. MTM stand greenlit with the rig secured for a ten-hole diamond campaign to provide a first pass of the carbonatite complex this month.
The next-door Geomega resource looms massive at 266 Mt @ 1.45% TREO & 0.14% Nb2O5, and an MTM discovery could be of globally strategic importance as world powers continue to stare down supply gaps.
China is threatening export bans as raw supplies dwindle. The United States, Canada, Japan and Australia are just a few nations looking to secure the rare earth stocks needed to fire transitioning economies and meet their climate change objectives.
Global research and consultancy group Wood Mackenzie expects spot priccriticalof critical rare earth elements to grow at a CAGR of 7.4 per cent until 2030.
MTM has begun assembling its field camp and preparing the drilling access tracks as it gets ready to drill for its future-facing resource.