Other Projects
We have several other prospects, exciting Nickel and Gold exploration properties 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 mineralised outcrops (granted exploration licence 70/5317).
Sampling has recovered numerous widespread rock samples assaying between 100g/tonne and 270g/tonne Scandium. This is equivalent to around 1-2 ounces of Gold/tonne in value around $1000-$3000/tonne, (subject to feasibility for mining, extraction and other factors). There is at least one pit excavated to over 3m depth into the mineralization at Christmas Hill. This pit is located almost in the centre of our lease. Based on sampling results the mineralization appears to extend over several square kms. Scandium sells for millions of dollars per tonne. There are Australian Government incentives recently announced for Scandium development.