The Savic Project is an advanced rare earth minerals exploration project totaling approx. 950km2. It is considered well advanced with a significant resource already defined on the doorstep of the tenement and anomalous rare earth results from a previous drilling campaign. Up to 2% TREO has also been reported from a water bore well to the southeast of the known mineralization
In addition the property host opportunities for base metals and precious metals particularly silver and covers part of a well-defined mineral corridor which passes under the tenement (and surface cover) Already granted tenure- ready for immediate work and value add. Core project Geology suggest opportunity for REE around the Padthaway High and within the mapped Parilla Sands (also known as the main host at producing mineral sands projects and optical quality silica. Adjacent to Australian Rarer Earths Limited, Koppamurra Mining lease application and containing potential for extensions of the Douglas Mine (Illuka) strand lines, the property has strong indications of REE. Over2% TREO identified in water bore and elevated REE in drilling along over 10km of potential anomalous zone.
In close proximity to the settlement of Moore is numerous reported occurrences of pegmatites. Outcrop from 50-100m at surface length and from 10 to 50m wide suggest larger part of the field remains under recent cover. To date no evaluation in terms of potential for LCT mineralisation. Opportunity exists for low cost and rapid field work to dramatically add value to the property.
Osmond Resources confirmed to the south of the tenements, a delineated NW trending corridor of buried greenstone as the host to base metal anomalism related to SEDEX stye deposition. Whilst not the immediate focus, Au, Pb,Zn Ni and Cu may be present and requires following up.
