The Karloning Rare Earth Element (REE) Projects, located in Western Australia’s Wheatbelt, represent a strategic and exciting opportunity for Codrus Minerals Limited (ASX:CDR) to enter the rare earths sector and diversify its portfolio.
Codrus Minerals has secured a significant landholding and is well-positioned to capitalise on the increasing global demand for rare earths and create value for its shareholders.
The Project offers compelling exploration potential to discover more of the high-value REE’s already identified at Karloning which are used in the manufacture of high-strength permanent magnets namely Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and, Terbium (Tb). (MREO = Magnet Rare Earth Oxides)
In addition to our REE project, Codrus has a portfolio of exciting gold and copper projects in Western Australia (WA) and Oregon, United States of America (USA). All of our Australian assets are located in close proximity to existing operating mines and the Bull Run Project in the USA is located in a rich historic gold producing area.