Assay results received from Brazilian Rare Earths' maiden diamond drilling program at Monte Alto returned mineralised intercepts with rare earth grades of up to 34.4% total rare earth oxide.
The company reported its drill results yesterday. It said that the finding significantly expand the Monte Alto high-grade REE-Nb-Sc exploration target corridor which remains open along strike and at depth.
Brazilian Rare Earths is up 10% over the past five days to A$1.70 a share.

