West Cobar Metals (ASX: WC1) managing director Matt Szwedzicki joins Small Caps to discuss the company's plans for its promising Salazar rare earth element (REE) project in Western Australia.

After a highly active year of exploration and acquisitions, West Cobar is preparing to undertake drilling and metallurgy studies to further confirm the potential of Salazar.

A 2023 review of the asset produced an updated exploration of 800 to 1250 million tonnes at 1050 to 1350 parts per million total rare earth oxides (TREO) and 101 to 154 million tonnes at 4.6 to 5.4% TiO2.

A key component of its 2024 exploration campaign is a large upcoming aircore drill program which has been designed to consolidate that exploration target estimate.

The drilling results will also be considered in a future update of the JORC mineral resource estimates (MREs) at Newmont and O’Connor.

The current estimate for the two deposits including a total rare earths mineral resource of 190 million tonnes of 1172 parts per million TREO, an inferred titanium mineral resource of 29 million tonnes of 5.0% TiO2 and an inferred alumina mineral resource of 4 million tonnes at 29.6%, with the potential for high purity alumina feedstock.

The flagship Salazar project is situated in the Esperance district, approximately 120km north-east of the port and all tenements are located on non-agricultural undeveloped state land.

Articles:
https://smallcaps.com.au/west-cobar-m...
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For more information on West Cobar Metals:
https://smallcaps.com.au/stocks/asx-wc1/

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