THE FUTURE IS WITHIN REACH
On 4 November 2021, the company announced the acquisition of Skyline Resources which holds the Skyline Rare Earth Project. The project is located in the Gascoyne Province of Western Australia and consists of 100% owned exploration licence application ELA 09/2643, covering an area of ~247 square kilometres, which is considered to be prospective for monazite hosted rare earth elements.
Previous work conducted in the area has outlined an extensive mineralised system where shallow near surface exploration has the potential to delineate shallow JORC Resources, offering the Company excellent exploration upside potential.
The region is seeing a renewed focus for REE minerals with the noted success of Hastings Technology Metals Limited (ASX:HAS) at their 100% owned Yangibana Project, host to a mineral resource of 27.42 Mt @ 0.97% TREO (ASX announcement 27 July 2021).
The Gascoyne Project, situated in the Yinnietharra region, has historically produced significant quantities of beryl, mica, bismuth, tantalum and niobium from coarse grained pegmatites. Rare earth minerals have additionally been identified.
Small scale alluvial and primary pegmatite mining has been sporadically undertaken. Exploration activities have been primarily focussed on tantalum-niobium-beryl-mica and to a lesser extent uranium. Sampling of a zoned pegmatite containing discrete blebs and pods of euxinite (niobate-titanate), samarskite, and uranopyrochlore.
The Project is located within the Gascoyne Province which is located at the western end of the Capricorn Orogen, a major zone of tectonism formed between the Archean Yilgarn and Pilbara Cratons.
Basement to the province consists of the Glenburgh Terrane, which comprises granitic rocks of the Halfway Gneiss with igneous crystallization ages typically between 2660 and 2430 Ma, psammitic and pelitic rocks of the Moogie Metamorphics deposited between 2240 and 2125 Ma, and a 2005–1970 Ma Andean- type batholith (Dalgaringa Supersuite).
Pegmatites at Wabli Creek were evaluated cursorily by Great Mines Ltd, Kookynie Resources NL and Nickel Mines Ltd whilst targeting calcrete hosted uranium deposits between 1974 and 1983. Two mineralised pegmatites have been the focus of exploration to date at Wabli. The No1 vein has been mapped over 10m in a pit and has potential of extending further underneath soil cover. Reconnaissance assays indicate significant levels of critical element like Nb and Ta.