Parabellum Resources has flagged strong intersections of up to 4.1 percent total rare earth oxide (TREO) mineralisation from its 2022 drilling program at the Khotgor project in Mongolia. The core from three holes is being stored as whole core for future comminution and metallurgical testwork at the assessment of potential feasibility stage of the project, to be undertaken later in 2023.

Last year Parabellum  announced it had entered into an agreement with Temarise Limited (UK), which holds the exclusive option to acquire 80 percent of the Khotgor project, and that decision looks like it’s paying off – with the assay results demonstrating the large scale and attractive grade of the project.

The company says this is a positive development in its plans to finalise the initial Scoping study due in Q2 2023.

“We continued to be very impressed with the progress that has been achieved at Khotgor over the past 12 months with the metallurgical testwork, resource modelling, engineering studies and pilot plant construction and we look forward to presenting further project updates over the next few months,” chairman Mark Hohnen said.