BPM Minerals entered into two separate option agreements to acquire the tenements comprising the Durack Project in the East Kimberley region of Western Australia.

The Durack Project spans 494km2 and hosts high-grade rare earth elements alongside accessory zircon and titanium.

Initial rock chips have returned high-grade REE assay results, with total rare earth oxide concentrations as high as 4.89%.

"Initial rock chips have returned multiple high-grade Rare Earth Element assays demonstrating significant concentrations," remarked BPM Minerals CEO Oliver Judd.

The option agreements cover four tenements currently in the application process.