Anax Metals Ltd (ASX: ANX) has recently applied for an exploration licence (E47/5275) in the Pilbara region of Western Australia.
The application covers 65 sub-blocks for approximately 207km2 and borders the southern and western parts of the 80% held Whim Creek Joint Venture tenement package. Once granted, the new tenement will be 100% owned by Anax.
The majority of the tenement application covers the Whim Creek greenstone belt which is, amongst others, prospective for volcanogenic massive sulphides (VMS) like those found at Whim Creek and Mons Cupri.
In addition, approximately 32km2 of the tenement covers the Mallina basin. The new tenement also borders the Mining Lease that hosts the 0.6Moz Toweranna deposit (M47/1627) owned by De Grey Mining Limited. At its closest point, the Toweranna deposit is a mere 600m north of the tenement boundary of E47/5275.
Looking forward, granting of the tenement will take several months to finalize. During this period, the company will compile publicly available information to identify potential exploration priority areas and develop work programmes.
To find out more, please visit www.anaxmetals.com.au
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