Codrus Minerals Limited – Focusing on High Impact Critical Metals Exploration

High Impact Critical Minerals Exploration

Tier-1 jurisdictions

The Karloning Rare Earth Element (REE) Projects, located in Western Australia’s Wheatbelt, represent a strategic and exciting opportunity for Codrus Minerals Limited (ASX:CDR) to enter the rare earths sector and diversify its portfolio.

Codrus Minerals has secured a significant landholding and is well-positioned to capitalise on the increasing global demand for rare earths and create value for its shareholders.

The Project offers compelling exploration potential to discover more of the high-value REE’s already identified at Karloning which are used in the manufacture of high-strength permanent magnets namely Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and, Terbium (Tb). (MREO = Magnet Rare Earth Oxides)

In addition to our REE project, Codrus has a portfolio of exciting gold and copper projects in Western Australia (WA) and Oregon, United States of America (USA). All of our Australian assets are located in close proximity to existing operating mines and the Bull Run Project in the USA is located in a rich historic gold producing area.

Our
Projects

The Company has four projects in Western Australia. The Karloning Project is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth, the Red Gate and Silver Swan South projects are located in the Kalgoorlie region and the Middle Creek Project is located near Nullagine in the Pilbara.

The Bull Run Project is located in Baker County, eastern Oregon, USA, approximately 5 miles south of the town of Unity

Project Overview

Karloning REE Project

The Karloning REE Project is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth in Western Australia’s Wheatbelt. This exciting new growth and diversification opportunity provides Codrus with an opportunity to explore for the high-value REE’s used in the manufacture of high-strength permanent magnets – namely praseodymium, neodymium, terbium and dysprosium.

Red Gate Gold Project

The Red Gate Gold Project is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 85.8km².

Middle Creek Gold Project

The Middle Creek Gold Project is located approximately 185km north of Newman and 10km east of the small township of Nullagine in the East Pilbara mining district of Western Australia and is comprised of 21 granted exploration licences covering a total area of 37.4km².

Silver Swan South Gold-Nickel Project

The Silver Swan South Gold-Nickel Project is located approximately 40km north-east of Kalgoorlie and comprises seven granted tenements covering a total area of 45.2km².

Bull Run Gold Project – U.S.A

The Bull Run Gold Project is located in Baker County, eastern Oregon, USA, approximately 5 miles south of the town of Unity and consists of 102 claims of which the Company holds a 100% legal and beneficial interest in 91 claims and is party to the Record Mine Option Agreement covering a further 11 claims.