Parna Project

Our Parna Project in Western Australia is located within 35 km of Essential Metals’ Dome Lithium Project with 11.2Mt @ 1.16% Li2O.

Location and Tenure

E63/2183 covers an area of 25 Blocks (approximately 75km2) located approximately 20km northwest of Norseman, Western Australia. E63/2184 covers 23 Blocks (approximately 69km2) located to the west of Lake Johnston, approximately 120km west of Norseman.

The corridor near Lake Johnston contains significant nickel and lithium mines and discoveries, including the Mount Holland Lithium Mine and Poseidon Nickel Limited’s (ASX:POS) (Poseidon) historical Maggie Hays/Emily Ann nickel deposits located approximately 5km southwest of the E63/2184 boundary.

Geology and Prospectivity

E63/2183 is situated within the Coolgardie Domain on the western margin of the Kalgoorlie terrane of the Norseman-Wiluna Greenstone Belt of the Archaean Yilgarn Craton.  The Zuleika Shear and Mission fault bounds the area to the east and the Pioneer Granitoid Complex bounds the area to the west.  Metamorphic grades within the domain range from upper greenschist to middle amphibolite facies within the greenstone sequence.  Regionally, higher grade is spatially correlated to areas of granitoid intrusions and areas of higher strain, often associated with domal culminations.  Hence, around the Widgiemooltha Monozogranite and Pioneer Granitoid Complex, metamorphic grade is middle amphibolite; whereas, near the bounding Zuleika Shear to the east grade is upper greenschist.  The stratigraphic sequences of the Widgiemooltha, Pioneer and Higginsville regions are poorly understood in comparison to the Kambalda and Kalgoorlie stratigraphy.  This is in part due to the relatively poor outcrop and high degree of structural complexity, particularly strike parallel faulting.  Exploration undertaken by Resolute Ltd during 1997-2000 indicates that significant amounts of mafic volcanics present in this area confirming GSWA interpretations.  Stratigraphic interpretations are hampered by complex structural dislocations, particularly to the east of the tenement area where a number of large (>10km strike length) faults are interpreted to intersect.

E63/2184 is situated in the Lake Johnston area.  Poseidon highlighted the potential of the area in 2016 by reporting the discovery of high-grade lithium-bearing pegmatites adjacent to its Lake Johnston operations. 

Lithium mineralisation occurs within abundant pegmatites of the Archean, Lake Johnston Greenstone Belt.  The pegmatites emanate from nearby fertile granites and intrude the adjacent greenstone terrains along brittle failures.  The tenement covers geological units including Archaean supracrustal sequence (greenstones) dominated by mafic volcanic rocks.  Most of the belt has been metamorphosed to greenschist-facies assemblages and is strongly deformed.  The greenstones have been intruded by at least three generations of granitic rocks, including pegmatites, among them the spodumene pegmatites.  

Planned Exploration

The Lake Johnston area has been extensively explored for nickel and gold, however, limited work has been undertaken for lithium associated minerals despite the presence of pegmatites in the Lake Johnston Greenstone Belt.  Detailed review and on-ground exploration is warranted. 

Funds raised from the Public Offer will be used to undertake a systematic exploration program which is intended to include surface mapping, soil sampling, geophysical surveys and potentiallydrilling on selected targets.

About the Project

  • Targeting lithium and precious metals mineralisation
  • Historically underexplored
  • Never tested for LCT pathfinders

Focused exploration strategy

  • Regional UF soil survey covering entire project on a 800m x 400m grid spacing
  • Field mapping and prospecting to follow up any anomalous geochemistry