Located on the prominent Agnew-Wiluna greenstone belt in Western Australia, this project is focused on lithium. Adjacent to Bulletin Resources’ lithium project that contains several spodumene bearing outcrops grading up to 4.81% Li2O
Location and Tenure
E74/715 covers an underexplored area of 40 blocks (~120 km2) located approximately 15km southeast of Ravensthorpe, immediately east of Bulletin Resources Limited’s (ASX:BNR) (Bulletin) Ravensthorpe Lithium Project and along strike of Allkem Limited’s (ASX:AKE) Mt Cattlin lithium mine. The South Coast Highway between Albany and Esperance passes through the tenement, providing outstanding access to the tenure for exploration and development.
Geology and Prospectivity
The tenement is situated within the Lake Grace Terrane, near the eastern most boundary of the Western Gneiss Terrane. The West River and Ravensthorpe-Lake King greenstone belts lie immediately to the east of the Western Gneiss Terrane boundary.
Granite and felsic to mafic granulites and gneisses occur as scattered outcrops and subcrops. Granodioritic granofels or gneiss is common with amphibolitic xenoliths.
The tenement partly overlies the Annabelle Volcanics, a host rock to Bulletin’s lithium bearing pegmatites. Previous explorers focused on the nickel potential of the area with a small number of rock chip samples.
Interpretation of regional geology and airborne magnetics shows that similar structures continue westwards into the Pegasus Lithium Project, warranting detailed review and on-ground exploration.
Funds raised from the Public Offer will be used to fund a systematic exploration program including surface mapping, geochemical soil sampling program and geophysical surveys to identify drill targets for drill testing.
About the Project
- Prospective for spodumene bearing pegmatites
- Favourable geology with greenstone extensions in the Eastern portions of the tenement
- Presence of regional shearing
- Excellent access to existing infrastructure and only 15km from Allkems’ operating Mt Cattlin lithium mine
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