SensOre is preparing to commence a process to attract direct investment in its portfolio of nickel and lithium targets in Western Australia.
COO Robbie Rowe said exciting results from SensOre’s first lithium prospectivity runs (see Figure 1) have attracted international interest in funding expanded regional search opportunities.
“These first predicted lithium targets are now possible due to SensOre’s continued investment in a massive geochemical data cleaning program combined with geology transformation and WA state-wide geophysical compilation programs,” he said.
New DPT targets excite nickel explorers
Fast on the heels of delivering Yilgarn nickel targets to BHP, SensOre has identified new opportunities in the Albany Fraser and other parts of WA. Combined with the Auralia Project (SensOre 70% joint venture with Chalice Mining subsidiary), these new top-ranking nickel target applications on open tenure extend the known nickel search space in WA. Analysis has now progressed to review high-ranking Ni targets on third party tenure for potential acquisition in early 2022. SensOre has commenced partnering discussions to fund exploration on its 100%-owned targets.
Gold expansion plans with DGO
SensOre and DGO Gold Limited (ASX: DGO) have expanded their gold exploration activities, adding new targets to the Yilgarn Exploration Ventures joint venture and jointly approaching third parties to acquire new acreage in the WA goldfields. The next stage of the joint venture builds on the exploration activities conducted in the last two years over multiple projects.
Collaboration with Great Boulder Resources has opened up potential on eastern portions of the Tea Well Project trending south from Mulga Bill.
SensOre’s subsidiary, Yilgarn Exploration Ventures, completed an extension of a gravity geophysical survey over the Tea Well project in collaboration with Great Boulder Resources. The survey has extended coverage of the eastern flank of the Polelle syncline sequence east of the Meekatharra mining camp and south of the Mulga Bill prospect. Results have identified a series of previously untested gravity low features on the Tea Well Project tenure under shallow transported cover, indicating lower density lithologies within the basement mafic volcanic north-south trending sequence.
SensOre is advancing discussions with several top-tier Australian technology companies regarding development of a proprietary Data Cube platform to service current and future mining sector clients.
For further information please visit: https://sensore.com/investor-centre/