CODRUS MINERALS LIMITED

CODRUS MINERALS LIMITED (ASX: CDR)

Maiden drill program at Karloning REE-Niobium Project confirms significant high-grade clay-hosted rare earth discovery.
REE clay zone remains open in multiple directions, with up to 25% of mineralization consisting of high-value REEs critical for manufacturing magnets.
Codrus plans to further explore the Karloning Project to diversify into critical minerals and strengthen its position in the emerging rare earth district.

2023-06-09 08:28:00

Initial assays from the first drill hole at Karloning REE-Niobium Project reveal high-grade clay-hosted rare earth elements, with grades up to 4,764ppm TREYO.
The maiden 1,906m Reverse Circulation drilling program at Karloning has been safely completed, with all samples submitted for laboratory analysis.
The results from this drilling significantly upgrades the project's REE potential, confirming two styles of REE mineralisation and positioning Codrus to diversify into the critical minerals sector.

2023-05-05 09:34:00

Maiden 2,000m RC drilling program commences at the Karloning REE Project, focusing on rare earth elements (REE) and niobium potential.
Drilling aims at understanding the distribution of high-grade rare earths and pegmatite-hosted niobium for various industrial applications.
Karloning Project offers Codrus the opportunity to diversify into the critical minerals sector, complementing its existing gold and copper assets.

2023-04-12 09:40:00

Codrus has completed soil sampling, drone magnetics and ground radiometric survey at the Karloning REE Project in WA.
The pegmatite system hosts rare earths dysprosium, neodymium, terbium and praseodymium, as well as niobium.
Drilling is planned to commence as soon as targeting and permitting are completed.

2023-02-27 09:28:00