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Minicap MetalsGrove gets trader backing after REE results

METALSGROVE Mining’s shares surged more than 70% in trading Monday after it reported “high-grade” carbonatite rare earth (REE) grades from drilling at its Arunta project in the Northern Territory.

Michael Quinn
Minicap MetalsGrove gets trader backing after REE results

Grades peaked at 7000ppm (0.70%) TREO, with multiple zones of mineralisation identified and carbonatite dyke outcrop said to extend for 9km. More assay results from a nearby prospect are awaited. ...

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