The 100%-owned Merino rare earth project comprises two contiguous granted exploration licences E59/2795 and E59/2796 (269 km2) in the Mid West region, approximately 225 km east-north-east of the port city of Geraldton along the Geraldton-Mount Magnet Road. The underlying tenure at Merino is represented by the Wagga Wagga and Muralgarra pastoral leases.
The exploration model being investigated by HRE is heavy rare earths (HREE)-enriched ion adsorption clay-hosted deposits. The area ranked very highly in an internal study targeting this style of mineralisation in Western Australia’s palaeochannels.
The Merino project area is virtually unexplored with only a single exploration hole drilled into it. HRE plans to complete a first-pass sweep of the project, comprising soil, rock and water bore sampling, and passive seismic, during 2024.
For more information about the Merino project, see here.