Barkly Rare Earths is carrying out a major drilling program in the Northern Territory aimed at expanding its rare earths resource. Multiple outlets report the company has started a 10,000-metre campaign focused on its existing 40 million tonne (40Mt) NT rare earths resource. The drilling is described as a campaign involving the drilling of hundreds of holes, with the first holes now underway. One report also states that the program is progressing with the first sampling and that initial samples have been sent to laboratories for analysis.
Across the coverage, the stated objective is to generate new information that could support an increase or refinement of the company’s current resource estimate. Assay results from the drilling are described as either being on the way or already beginning to be processed, depending on the specific update reported. Outlets also point to a later-year update tied to the outcomes of the drilling and laboratory work. The reporting is consistent in describing the scale of the drill program, the resource figure being targeted for growth, and the sequence of drilling followed by lab testing and subsequent reporting.
