Overview

LARGE LANDHOLDING IN REE HOTSPOT

• +1,000km² tenure prospective for REE and base metals around the Lyons River Fault and Talga Fault in the Gascoyne Province
• Multiple phases of REE mineralisation are associated with the Lyons River Fault
• Highly prospective region for REE with two significant REE projects located adjacent to the Lyons River Fault:
  • Hastings Technology Metals’ (ASX: HAS) Yangibana Project (29.9Mt @ 0.93% Total Rare Earths Oxides (TREO))¹
  • Dreadnought Resources (ASX: DRE) Yin Project (29.98Mt @ 1.04% TREO)²
• Abra lead-silver Mine (60% Galena Mining and 40% Toho Zinc) is associated with splays off the Lyons River Fault.

FAVOURABLE GEOLOGY

• Lyons River Fault and Talga Fault represent major crustal sutures in the central part of the Gascoyne Province
• Provides a suitable plumbing system for the transportation of mineralised fluids
• Hastings’ Yangibana and Dreadnoughts’ Yin REE deposits lie along cross cutting ferrocarbonatite structures adjacent to the Lyons River Fault
• The Abra base metal deposit is associated with splays off the Lyons River Fault

NEXT STEPS

• Review of historic data to prioritise targets for initial field assessment
• A study of available imagery has highlighted areas with potential for ironstone outcrop
• Broad GSWA geochemical sampling across the region has also indicated potential for REE enrichment
• Field work expected to commence late Q3 of CY2023 including ground checks and prospecting where access is available

Project Gallery

1. See ASX:HAS Announcement 6 February 2023 ↩︎
2. See ASX:DRE Announcement 30 November 2023 ↩︎