WIRRULLA REE PROJECT

South Australia

  • Pinnacle is targeting palaeochannel hosted ionic REE mineralisation similar to Cobra Resources (LSE: COBR) Wudinna/Boland Project which has MREO recoveries up to 58% with-in the Narlaby Palaeochannel to the East of Pinnacle’s Wirrulla Project
  • First-pass investigation for rare earth element (REE) mineralisation on historical drillholes at the Wirrulla Project in South Australia identifies significant and shallow REE results over a 3.5-km-long trend within the Narlaby Palaeochannel
  • Total Rare Earth Element Oxide (TREO) results include:
    • 6 m at 1,708 ppm from 39 m: including 3 m at 2,095 ppm TREO; 49% heavy REO (HREO) and 28% Magnet REO (MREO)
    • 15m at 865 ppm TREO from 45 m: including 3 m at 1,475 ppm TREO; 25% HREO and 20% MREO
  • Results provide Pinnacle with a strong basis from which to investigate the potential for palaeochannel/clay-hosted REE mineralisation