Barkly Rare Earths Hits Magnet-Rich Mineralisation in 28 of 28 Holes Across 23-Kilometre Span

Highlights

• All 28 assayed holes returned significant rare-earth intercepts, with standout grades of 2m at 2,716 ppm TREO including 0.5m at 6,064 ppm
• Magnet rare earth oxides (Nd, Pr, Tb, Dy) accounted for 31–40% of TREO in 27 of 28 intercepts, boosting strategic value amid China's 2025 export controls
• Barkly holds a 40 Mt Inferred Resource at 2,100 ppm TREO with 28,000 tonnes MREO, and a conceptual 200–1,000 Mt Exploration Target
• Preliminary metallurgy showed 99% of MREO reporting to acid-leach solution, though representative testing and final recoveries remain incomplete
• 300-plus holes planned in total; resource conversion and economic studies are the critical next steps