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.

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