White Bluff
We have around 500 sq km of exploration licences near Canarvon in Western Australia. White Bluff is a hot, dry, flat coastal area, with one of the highest solar evaporation rates in the world. It is well suited for the production of Potash and Lithium salts by evaporation. It is cheaper to pump brine and use Solar evaporation to do a lot of the work than mine hard rock.
Christmas Hill
We have several other prospects, both hard rock Lithium pegmatite exploration targets and other potential acquisitions. The most advanced of these is the Christmas Hill Scandium located near New Norcia about 80km NE of Perth with substantial recently discovered Scandium mineralized outcrops. It is located within the newly emerging Nickel Belt with exciting new discoveries announced recently by Challis (ASX-CHN) and Cassini (ASX-CZI) within approximate of our 250 sq km lease holdings in the area.
Sampling has recovered numerous widespread high grade rock sample assaying between 100g/t Scandium over many sq km of ELA 70/5317. This is around 3-5 ounces of Scandium/tonne equivalent in value to gold of around 1-2 ounces/tonne subject to mining and other feasibility. Scandium has recently skyrocketed in value to now around $20/ounce.
Paterson Range
The district has seen a recent pegging rush following reports of major discoveries by Rio Tinto and Greatland Gold. The project lies 50km North of Greatland’s Haviron prospect. Greatland Gold has recently reported spectacular Copper-Gold drill intersections, including 121m at 2.93 g/t Gold and 0.23% Copper and now high grade intervals of over 200g/t gold and over 8% Copper from their Havieron prospect 50km South of our project.
New Norcia
We also have around 250 sq km of exciting Nickel Palladium and Scandium prospects adjoining and/or near Cassini’s New Norcia Yarawindah Brook Nickel/ PGE resource close to all Perth infrastructure. Here we have high grade Scandium samples covering much of our lease next to Cassini’s exciting new Nickel and Palladium finds.