**Summary**
Kendrick Resources Plc (LSEKEN) announced exceptional drill assay results from the Bonya Rare Earth (REE) project in Namibia, specifically from the Teufelskuppe (TK) carbonatite target TK1A. The results significantly exceeded expectations, highlighting pervasive high-grade Total Rare Earth Oxide (TREO) and Light Rare Earth Oxide (LREO) mineralization. Key highlights include
1. **High-Grade Intercepts** Drill hole TWDD001 showed notable intercepts, including 8.14 wt% TREO over 21.16 meters, with grades never dropping below 6.0 wt% and peaking at 10.7 wt% TREO.
2. **Depth Potential** The hole ended in mineralization at 6.09 wt% TREO, suggesting continued mineralization at depth.
3. **Low Radioactive Elements** Thorium and Uranium grades were minimal (0.019% and 0.000196%, respectively), indicating no penalties for REE products.
4. **Benchmarking** Teufelskuppe ranks among the top global REE projects, including operating mines, with high grades of critical elements like Praseodymium and Neodymium (Nd/Pr combined 1.00 wt%).
5. **Resource Potential** Historic surface sampling and current drilling suggest significant resource potential across the TK carbonatite landscape and the neighboring Keishohe complex.
6. **Next Steps** Kendrick plans to deploy a second rig for reconnaissance drilling and accelerate resource definition, aiming for a Preliminary Economic Assessment (PEA).
Chairman Colin Bird expressed satisfaction with the results, emphasizing the project’s potential to be among the top global REE producers. The company remains focused on expanding drilling and metallurgical work to further validate the project’s resource potential.