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Bayan Mining and Minerals Limited (ASX: BMM) has announced the results of a geophysics-led desktop study that has outlined four high-priority rare earth element (REE) targets across its 100%-owned Desert Star Projects in California, USA. Targets ST1, ST2, and ST3 in the Desert Star block and NT1 in Desert Star North were identified through integration of USGS geophysical datasets, radiometric ratios, remote sensing, and geochemistry. These anomalies display strong gravity highs, radiometric signatures, and structural intersections consistent with REE-bearing carbonatite systems, similar to the nearby world-class Mountain Pass REE Mine.
The projects are strategically located within a highly prospective corridor, just 4.5 km from Mountain Pass and 3 km from the Colosseum Gold Mine. Bayan will now advance to detailed ground magnetic, radiometric, and gravity surveys to refine drill-ready targets. The study confirms Desert Star’s potential as a cornerstone REE asset in the U.S., positioning the company for a significant discovery.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.