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Close Proximity to Known Deposit: The project is located only 7 kilometres from the Montviel REE-niobium deposit, the largest undeveloped carbonatite-hosted deposit in North America.
Source: https://investingnews.com/mtm-to-acquire-west-arunta-niobium-ree-project/
The company has an exclusive and binding option to acquire the Pomme project, an advanced carbonatite-hosted rare earth and niobium asset in Quebec.