West Cobar Metals Limited

Drilling Commenced at Salazar

West Cobar Metals Limited (ASX:WC1) (“West Cobar”, “the Company”) is pleased to announce drilling has commenced at the Company’s 100%- owned Salazar Project, 120 km north-east of Esperance in southern Western Australia.


Highlights

  • Drilling has commenced at the Salazar project
  • Program to test for major extensions of REE, TiO2 and scandium resources
  • Previously reported Mineral Resources (JORC 2012) at the Newmont Deposit are:
    • Rare earth elements1 – 83 Mt at 1117 ppm TREO (Indicated + Inferred, 600 ppm TREO cut-off)2
    • Titanium dioxide3 - 29 Mt of 5.01% TiO2 and 942 ppm TREO (2% Ti cut-off)
    • Alumina3 - 4 Mt at 29.6% Al2O3, (15% Al cut-off) potentially suitable to be upgraded to a high-grade high purity alumina (HPA feedstock)
    • 12 Mt of 103 ppm Sc Inferred Mineral Resource (JORC 2012) declared for the Newmont deposit4
  • Previously reported Mineral Resources (JORC 2012) at the O’Connor Deposit are:
    • Rare earth elements – 107 Mt at 1216 ppm TREO (Inferred, 600 ppm TREO cut-off)2
  • West Cobar’s tenements cover a particularly prospective but
  • unexplored part of the Albany-Fraser orogen

The project area lies in the Biranup Zone, a structural extension from the Fraser Zone that hosts the Nova-Bollinger Ni Cu deposit.

Air core drilling of holes to bedrock is planned as the key next step to our exploration program.

West Cobar Metals’ Managing Director, Matt Szwedzicki, commented:

“We are excited to commence this aircore drilling campaign in West Cobar’s large tenement holding which is highly prospective and relatively unexplored, and includes numerous geophysical features of interest.

In this program we are primarily testing extensions of the Newmont critical minerals deposit targeting high grade scandium, titanium and rare earths with the potential to materially increase the deposit strike length.”

Introduction

The Salazar Critical Minerals Project (consisting of the Newmont and O’Connor deposits and exploration licences covering 1,171 km2) is situated in the Esperance district approximately 120 km north-east of the township of Esperance. All the project’s tenements are located on non-agricultural undeveloped state land.

A program of AC drilling has commenced comprising 60 holes for about 2,000m and is designed to extend existing REE, TiO2 and Sc Inferred Mineral Resources at the Newmont deposit and along the Newmont – Matilda South zone.

Figure 1 shows the planned drilling and the geology of the tenements, while Figure 2 shows the tenement area over a regional gravity image. The generally higher gravity response over the western part of the area, covered by West Cobar’s tenements, reflects the more mafic nature of the bedrock that includes gabbro and amphibolite, compared to more granitic and felsic gneiss terrane to the east.


Click here for the full ASX Release

This article includes content from West Cobar Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Asian Battery Metals PLC

High grade Massive Sulphide Intercepts Confirmed at Oval

Asian Battery Metals PLC (ABM or the Company, ASX: AZ9) is pleased to announce the remaining laboratory assay results of the 2024 Phase 2 drilling program for samples from drillholes OVD026, OVD027, OVD028, and OVD029. The details of the assays are provided in Table 1.
Keep reading...Show less
Stock chart over globe.

Canadian Markets Steady Amid Trump Tariff Speculation and Renewed Greenland Interest

Canada's main stock index gained on Wednesday (January 8), driven by strength in tech and mining stocks.

Investors continue to weigh the impact of potential US trade policy changes under President-elect Donald Trump, as well as his renewed interest in taking ownership of Greenland, an idea he first raised in 2019.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed at 25,049.66, recovering from two consecutive sessions of losses following Justin Trudeau's resignation as Canadian prime minister on Monday (January 6).

Keep reading...Show less
Stock chart with Canadian flag.

Trudeau Resigns, Canadian and US Markets React

Canadian markets showed mixed reactions following Prime Minister Justin Trudeau’s resignation.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed lower on Monday (January 6), while the Canadian dollar gained strength against the US dollar, reflecting diverging investor sentiment.

The index dropped by 142.14 points to settle at 24,995.93, marking a 0.57 percent decline from its starting point for the day. Meanwhile, the Canadian dollar rose to 69.7 cents US, reaching a near three week high.

Keep reading...Show less
Australian dollars Australian flag in the background.

5 Australian Mining Grants Open for Applications in 2025

As 2025 begins, companies in the mining sector are gearing up for another year of work.

In Australia, there are many chances for explorers and developers to access government funding at both the state and federal level. The list below includes five programs that are open for applications, or will be soon.

Read on to learn more about what companies can apply and how much money is up for grabs.

Keep reading...Show less
Jay Martin, city skyline and gold bars.

VRIC 2025 Preview — Jay Martin Talks Resource Wars, Geopolitics and How to Invest

The next Vancouver Resource Investment Conference (VRIC) is set to run from January 19 to 20, 2025, and Jay Martin, president of Cambridge House, joined the Investing News Network ahead of time to discuss the event.

Looking at the resource sector, Martin, who also hosts the Jay Martin Show on YouTube, said the current decade has been defined by chaos and uncertainty, with no signs of a slowdown any time soon.

With that in mind, his macro thesis on commodities remains steadfast, and he's watching three key drivers.

Keep reading...Show less
Check mark on wooden blocks.

Queensland to Streamline Mining Approvals Under New Resources Cabinet Committee

Queensland's new Resources Cabinet Committee (RCC) has met for the first time, the government said last week.

The RCC is part of the Crisafulli government’s 100 Day Plan, announced last October. The plan outlines more than 40 actions the government will take in its first 100 days in office, focusing on youth crime, health, housing and cost of living.

“We’ve pulled together the key players in our ministerial team that have a direct impact on resources,” said Minister for Natural Resources and Mines Dale Last, who has been appointed chair of the RCC.

Keep reading...Show less

Latest Press Releases

Related News

×