Barkly Rare Earths just shipped its first drill samples from a major exploration push, aiming to unlock a potentially game-changing rare earth deposit in the Northern Territory. With a target of 200 million to 1 billion tonnes of new resource—just 20km from existing high-grade reserves—the company could be on the verge of a global discovery. Focused on critical magnet rare earths (over 30% of current resource), early tests show promising extraction rates and low contamination, plus a strong 29,000 ppm concentrate. Backed by $230K in NT government grants, the market watches closely as assay results roll in—with a revised resource estimate expected by year’s end.
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