Kendrick Resources Plc (LON: KEN) has reported further high-grade drilling and sampling results from its Teufelskuppe rare earth project in Namibia, reinforcing the project’s potential as a significant rare earth development opportunity.
The latest drilling at the TK2 target returned a 112-metre intercept with a weighted mean grade of 3.03 wt% total rare earth oxides (TREO), while portable XRF analysis identified more than 17 metres grading above 4.0 wt% TREO.
In parallel, extensive surface sampling across targets TK1 to TK7 delivered an average grade of 3.12 wt% TREO from 295 samples, with the highest recorded result reaching 4.79 wt% TREO at the TK1A zone.
Highlights
· New 112m diamond drill hole at TK2 returned a weighted mean 3.03 wt% TREO, including more than 17m above 4.0 wt% from pXRF analysis
· Surface sampling across TK1 to TK7 confirms strong average TREO grade of 3.12 wt% from 295 samples
· Peak surface TREO grade at TK1A reached 4.79 wt%, reinforcing exceptional near-surface mineralisation
· High-value Nd and Pr make up around 25% of the TREO basket, supporting strategic product exposure
· Combined drilling, sampling and mineralogy continue to support the case for a large-scale, high-grade rare earth project
· Development work is accelerating as Kendrick advances TK toward resource definition
Management highlighted that high-value neodymium and praseodymium — key elements used in permanent magnets for electric vehicles, wind turbines and advanced technologies — account for roughly 25% of the overall TREO basket.
The company said the consistency of high-grade mineralisation across multiple target zones continues to strengthen confidence in the scale and commercial potential of the Teufelskuppe project.
Kendrick Resources is now accelerating development work aimed at resource definition, geological modelling and preliminary economic assessment studies as it advances the project towards potential future development.
The latest results further position Teufelskuppe among the higher-grade rare earth projects globally at a time of increasing strategic focus on securing non-Chinese supplies of critical minerals.
Chairman of Kendrick Resources, Colin Bird commented “This is more verification that the very large surface expressions of the TK carbonatite contain similar grades supporting our prognosis of continuity throughout the TK complex. It is important to note that the above surface tonnage estimated for TK is very close to that of the Mt Pass deposit whilst Kendrick has yet to include any tonnage estimate for sub-surface mineralisation at TK and has taken no account of the Kieshöhe tonnage potential. Our prognosis that this is a potential top tier world class project is being justified with every technical step we take. The commissioning of a Reverse Circulation drill programme will significantly accelerate the programme and confirm our expectations as will continued surface trenching and sampling. We will keep the market informed as we receive results on a regular basis”.
