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Traders rush Codrus on REE results from WA wheatbelt quarry

SHARES in micro-cap Codrus Minerals doubled in early trade today as traders jumped aboard the potential for “permanent magnet rare earth elements” at Karloning, 260km northeast of Perth following assays from grab samples in a historical feldspar and quartz quarry.

Michael Quinn
REE for use in permanent magnets used in applications such as wind turbines is the new focus for Codrus

REE for use in permanent magnets used in applications such as wind turbines is the new focus for Codrus

Assays are said to "confirm the potential for the project to host high-grade and high-value permanent magnet rare earths dysprosium, neodymium, terbium and praseodymium in xenotime, within a large-scale...

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