Cavalier Resources (ASX:CVR) has identified numerous nickel sulphide, nickel laterite and gold targets, along with near surface nickel occurrences that remain largely untested by drilling at the Maleta Creek Nickel-Cobalt Project application in Leonora, Western Australia.
Highlights:
- New nickel focused project, Maleta Creek, added to Cavalier Resources’ Leonora portfolio.
- Cavalier Resources is the sole applicant for the lease covering an area of 51.2sq km.
- Project area lies <10km west of the centre of Glencore’s Murrin Murrin nickel-cobalt operation.
- Desktop review identifies multiple largely untested nickel sulphide and laterite targets.
- Targets are potential southern extensions to the historic Waite Kauri Nickel-Cobalt Project.
- Substantial multi-disciplinary datasets being compiled to guide work programs upon grant of lease.
Open file data sourced from the Department of Mines, Industry Regulation and Safety (DMIRS) indicates the presence of substantial strike length of ultramafic volcanics, prospective for nickel mineralization, within the Maleta Creek Nickel Project application area.
The tenement area is covered by recent alluvial cover which would mask any laterite formed by weathering of these units.
Previous exploration for nickel, cobalt and PGE’s across the application area was carried out by ASX listed companies Eagle Eye Metals Limited (now Firefinch Limited) and Celsius Resources Limited.
“The application for Maleta Creek was carried out to inject a nickel focussed project into our Leonora portfolio to further complement the company’s existing nickel, lithium and gold project, Ella’s Rock, located in Forrestania,” Executive Technical Director, Daniel Tuffin, said.
“Given the prevailing high forecasts on nickel prices, along with the outlook for increased demand arising from battery and other new energy requirements, we are excited with this latest application.
“Multiple nickel sulphide and nickel laterite targets within the Maleta Creek Project area remain largely untested by drilling, while documented historic near surface nickel occurrences have had little follow up within the past decade.
“With advances in processing of surficial nickel ores and being strategically located on the doorstep of the Murrin Murrin nickel processing plant, these drill targets and surface occurrences now become compelling objectives for future evaluation.
“The large datasets of historic geophysical and geochemical surveys being compiled will allow the company to rapidly commence exploration on well defined, drill ready targets, once the lease is granted. We look forward to progressing Maleta Creek through the application process and getting boots on the ground once this is complete.”
For further information please visit: https://www.cavalierresources.com.au/
