Corella Resources Ltd (AU:CR9) has released an update.
Corella Resources Ltd has discovered two new styles of rare earth element (REE) mineralization at its Tampu project, prompting an expansion of their land holding by 125% and the initiation of a feasibility study focused on HPA precursor kaolin processing. The company reports a strong cash position of $1.07 million and is advancing with product offtake negotiations, metallurgical test programs, and an exploration program targeting REE potential. These strategic developments aim to accelerate operations, enhance shareholder value, and explore the newly identified REE prospects within the company’s expanded Tampu project area.
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