Rare Earth Minerals confirmed the completion of its second drill hole, ES-02, in the diamond drill programme at the El Sauz - Fleur lithium concessions in Northern Mexico.

"REM is pleased to report that the same clay sequences have been identified along strike from the 60 million tonne La Ventana lithium deposit, which averages 1.6% Lithium Carbonate Equivalent. We look forward to reporting the grades of the drilling in due course," said chairman David Lenigas.

A third bore in the 10-hole drill programme is has started.