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Meryllion Resources reports promising rare earths and scandium in shallow drilling at Tasmanian project

Market News
23 Jun 2026
Newsfile Corp
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Bullish
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Meryllion Resources announced encouraging assay results from its initial shallow drilling at the Russell's Plains rare earths project in Tasmania, confirming the presence of a mineralized rare earth system. Five of twelve holes showed grades above 350 ppm TREO, comparable to other Australian ionic clay rare earth deposits, with scandium mineralization also identified at notable grades. This early-stage discovery supports the potential for a large, economically viable rare earth and scandium resource, important for high-tech industries. Meryllion plans further deeper drilling to explore higher-grade zones and adjacent targets, aiming to advance the project toward resource definition and development.

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