Gibraltar REE Project - NSW

The Gibraltar Project consists of two wholly owned licences (EL9433 granted in June 2022) and ELA6693 (under application) just 5km south of Dubbo in NSW.

The Gibraltar Project lies to the immediate north and south of Australian Strategic Materials (ASM’s) Dubbo Rare Earths & Critical Metals Project.

Gibraltar covers 171km2 of highly prospective tenure, and is targeting alkaline igneous rocks rich in REEs and critical minerals.

Gibraltar Anomalism & Targets

Gibraltar has had limited historical exploration for REE & Critical Minerals, with past explorers Alkane/ASM focussed on the development of the Dubbo Project. ASM’s Dubbo Project, known as the Toongi deposit, is a large in-ground polymetallic resource of Rare Earth Elements and Critical Minerals within a massive fine-grained trachyte outcrop.

The area is significantly under explored, with only 9 drillholes at the Railway Deposit (~1km south of Treo’s tenure). Results from this drilling highlight the prospectivity of the region - RWRC002: 65m @ 0.99% ZrO2, 0.26% NbO2, & 0.46% TREO from 3m.

Treo interprets that the Toongi REE mineralised trend potentially continues north into EL9433 and south into ELA6693 and our targets are Alkaline igneous rocks (trachytes) outcropping at surface or intruding older sediments.

Rock chip sampling over a trachyte in ELA6693 shows elevated concentrations of niobium, REEs and Zirconium.

Treo has identified these targets in both the geology and the radiometrics, and the trachytes in our tenure are the same trachytes seen at the Dubbo REE orebody. We have also identified a number of alkaline targets underneath shallow alluvial cover.

Next Steps:

• pXRF/soil geochemistry Program over key Target Areas

• Follow up shallow drilling of anomalous zones