REA has staked a 47 km² set of tenements in the highly prospective Poços de Caldas Alkaline Intrusion in Minas Gerais, the same basin as the Meteoric (MEI) projects
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REA is in advanced talks to acquire several highly prospective tenements within this basin, which if successfully acquired could see the controlled licence Area reach over 120km² (vs 93km² by Meteoric)
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Results published by Meteoric Resources ASX: MEI nearby have shown the presence of exceptional grade (over 4,000ppm TREO) Ionic Clay Rare Earths Deposits with positive leachability results