(Julimar – New Norcia Nickel/Palladium Belt)
EXPLORATION LICENCES 70/5317, 70/5438, 70/5448 AND 70/5697
Our original lease has been surrounded by Caspin Resources (previously Cassini) new application after ours. We are right next to their original Yarawindah Brook Nickel PGE deposit and their new discoveries e.g. up to 7% Nickel at surface. Palladium is now priced higher per ounce than Gold and the Nickel price has recently more than doubled.
Chalice’s recent results around 40Km further to the South at Julimar, Toodyay saw their shares rocket from around 10 cents to $4.60. Our Bindi Bindi lease is close and North from Yarawindah. 8km from our lease border, 0.7% Nickel, was drilled in 1968 at Bindi Bindi, by fabled Poseidon NL, before Laverton results literally exploded their shares to $280! The early Poseidon Bindi Bindi drill holes also showed very high Palladium grades, worth much less then.
Palladium mining/processing techniques have greatly improved in over half a century and Perth mineral processing close by, is cutting edge and World leading.( The principal of one of Perth’s biggest mineral processors invested in Lithium Lakes seed capital at an early stage,at 10c per share, in 2019).
Sulphide Nickel ores lower than 0.5% are routinely processed from major mines such as Mt Keith and at Forrestania in WA. New world leading bio-leaching and other modern ore upgrading and treatment methods evolving, as well as recently climbing Nickel prices, are making even lower grade ore deposits more desirable and profitable.
Our company has around 500sq km of lease applications in this exciting new emerging new Moora to Toodyay Nickel-Palladium belt.
MOORA TO TOODYAY NICKEL PGE PROVINCE
We have 464 square kilometres prospective for magmatic Nickel Copper PGE systems
Starting 40km north of Chalice’s Julimar Nickel PGE Discovery
Only 100km north of Perth with excellent infrastructure advantages
Neighbouring companies such as Challice (Toodyay), Caspin (New Norcia) and Liontown (Moora) have seen their share prices surge following the Julimar discovery
