Norwest Minerals Limited (ASX: NWM) has entered into a binding agreement to acquire four West Arunta tenements prospective for niobium and rare earth elements. The 360km² ground package includes tenements located immediately adjacent to tenements held by WA1 Resources Limited and Encounter Resources Limited, where niobium-REE mineralized carbonatites have recently been discovered.
Norwest’s newly acquired ground package includes E80/5846 which is the closest tenement south of the WA1 Luni niobium discovery. To the north, ELA80/5938 is strategically lodged between tenements held by WA1 and Encounter. Tenements E80/5898 & E80/5899 are located west along strike of Norwest’s 1560km² Arunta West project area where significant clay hosted REE mineralisation has been reported. The West Arunta region is one of Australia’s critical metals ‘exploration hotspots’ attracting significant investment from a growing number of ASX listed resource explorers.
The premium West Arunta ground package Adjacent to WA1 Luni Niobium Discovery, the company will add 360km² to its current 1560km² Arunta West Critical Mineral Project including tenement E80/5846 being the closest ground position south of the ‘Luni Niobium’ discovery.
The company has been exploring the West Arunta belt since 2019 having developed the field expertise and local relationships necessary to ensure a timely start to exploration activities across the new, highly prospective ground holding.
Additionally, WA mining identity Mark Calderwood has been appointed as West Arunta project advisor will add significantly to the company’s technical planning. In total, Norwest has completed a A$1.076M capital raising to fund the acquisition, commence high-level exploration studies, and support working capital requirements.
To read more about this, please visit www.norwestminerals.com.au
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