Avenira Limited (ASX: AEV or 'Avenira') is pleased to announce it has completed a review of historical analyses for Rare Earth Elements (REE) across the Wonarah Phosphate Project (Wonarah).

A total of 282 REE samples were identified, sourced from various locations and within differing stratigraphic horizons across the deposit.

Avenira's Executive Chairman, Mr. Brett Clark commented, 'This low-cost body of work has identified potential value-add opportunities for the Wonarah Phosphate Project. This comes at an exciting time for Avenira with the imminent release of the Wonarah Scoping Study and provides an additional avenue for generating value for shareholders. We look forward to seeing the outcomes of this ongoing investigation.

The proportion of Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE) is roughly equal across the higher TREO summations with complete suite analysis. This may provide a broad estimate as to the expected results for those samples that have not undergone complete REE suite analysis. The highest grades observed are within the main Mudstone Phosphorite ore horizon or the overlying Convolute Mudstone unit.

Ongoing Work

Identification of sample pulps for REE analysis within the Mudstone Phosphorite and Convolute Mudstone stratigraphic units has commenced with a view of undertaking broad composite sampling across the Main Zone resource. Selective broad sampling will be undertaken across the Arruwurra Resource to assess the possibility of continuous mineralisation. Assessment of the potential across the remainder of the tenement package will also be undertaken to determine the potential for REE mineralisation. Investigation of samples with incomplete REE analysis will be undertaken to confirm whether additional REEs had been analysed but not reported, as this was a fairly common occurrence historically. This may uncover the presence of additional high-value elements.

Wonarah Scoping Study Update

The Wonarah Scoping Study is expected to be released soon but the timing is expected to slip into early Q3 CY22 from the previously anticipated Q2 CY22. The document is in its final phases and is currently in the process of third party technical and commercial review to ensure the quality and outcomes meet the industry standards expected of scoping studies.

Contact:

Brett Clark

Tel: +618 9264 7000

(C) 2022 Electronic News Publishing, source ENP Newswire