Native Mineral Resources Holdings Limited (ASX: NMR) will shortly commence targeted exploration campaigns across two of its WA Eastern Goldfield projects focusing on their potential for lithium and rare earth element (REE) mineralization.
NMR’s managing director, Blake Cannavo, commented: “NMR is excited to be embarking on these exploration campaigns at the Mt Vetters and Music Well projects, focussing on their potential for both lithium and REE mineralization. Both projects are well located, geologically speaking, to contain lithium bearing pegmatites and Mt Vetters also has potential for REE similar to what has been identified by Ardea Resources to the north.”
Following the detailed analysis of previously completed field work programmes and historical data across both the Music Well and Mt Vetters Projects, NMR has identified several target areas that are considered have to strong lithium and REE potential.
NMR plans to explore the Music Well tenements for lithium bearing pegmatite outcrop following up on historic Placer RAB drilling that intersected pegmatites adjacent to E 37/1362. The prospect is located only 170km from Liontown Resources’ (ASX: LTR) Kathleen Valley Lithium project in a similar geological setting. Additionally, the company will soil sample new lithium and REE target areas within E 24/210 Mt Vetters.
Mt Vetters is located 15km south of Ardea Resources’ REE discovery and is 55km south-east of Ora Banda Mining’s Federal Flag lithium project. Both projects are located in granites adjacent to greenstone belts and have similar geology to other Eastern goldfields lithium projects.
Music Well targeting work to commence in December 2023 and Mt Vetters soil sampling planned for late January 2024.
“A review of historical exploration at the Music Well project has highlighted the presence of pegmatites in historical drilling completed by Placer Exploration in 1990 at their Golden Dingo Project. This potential has never been tested and will be followed up by NMR as a matter of priority.” Added Blake.
To read more about this, please visit www.nmresources.com.au
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