MTM Critical Metals (ASX:MTM) roll into Pomme

MTM Critical Metals has started a diamond drilling campaign of ten holes, covering a distance of 5000 meters, in its rare earth and niobium project in Quebec, Canada.

The program is directed to evaluate the overall geology of the carbonatite intrusion and define geometry, grade, and continuity of the known rare earth and niobium mineralisation after homing in on prime targets across the highly prospective territory.

MTM Critical Metals Managing Director Lachlan Reynolds said the team had done an excellent job of preparing, with no setbacks, in bringing the diamond rig to the site.

“We are excited to get underway with the exploration of the Pomme carbonatite complex for a new rare earth element and niobium deposit and we look forward to updating shareholders as the work progresses,” Mr Reynolds said.

Historical drilling returned exceptional results, and as supply chains of critical minerals become geopolitical issues, the United States is making a mandate to secure raw materials.

And at least one rare earth boss sees a premium rare earth market developing outside China.

Pomme sits next door to Geomega Resources’ 266 Mt @ 1.45% TREO and 0.14% Nb2O5 resource. MTM holds a binding option with its neighbour to acquire the Pomme entirely claims as it advances towards discovery.

Results out of Pomme could be a watershed moment for the company, and it has more in the pipeline, continuing work on expanded rare earth and a laterite nickel discovery at East Laverton as it awaits the return of assays.

The MTM camp is standing ready for cores.

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