Barkly Rare Earths has been awarded a second grant from the Northern Territory Government, totaling $115,000. This new funding will specifically support expansion drilling at the company’s rare earths project located in the Top End region. The grant follows a previously awarded $115,000 for metallurgical studies at the same project. This dual funding indicates strong government support for the development of rare earths resources in the territory. Barkly Rare Earths intends to use the funds to accelerate exploration and assess the project’s potential. The company’s project is focused on extracting and processing rare earth elements, which are critical components in various high-tech applications. This investment aims to bolster the NT’s position in the growing rare earths market.