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Newly Identified Niobium & Rare Earth Targets


  •  A review of available geophysical data by Southern Geoscience on the Company’s 100% owned, Wabli Creek Project, Yinnetharra WA, has identified a large ovoid intrusive feature/magnetic target (Figure 1).

  • The magnetic anomaly has been interpreted as a late-stage intrusive granitic sequence, internal to the regionally extensive Durlacher Supersuite, and proximal to the Chalba Shear Zone.

  • The 3 highest priority existing geochemical targets, including an area where historical highgrade niobium eluvial mining has been undertaken, have been confirmed to be associated with structures located at the margin of the newly identified magnetic intrusive feature.

  • This is the first time that such a potential link has been indicated at Wabli Creek and if correct, it expands the potential of the project to host significant Nb-Y-REE mineralisation.

  • Including new targets, a total of 27 targets have now been identified which will be the focus for ongoing exploration.

  • High grade eluvial results previously reported include:

    • Niobium:

      • 32% Nb₂O₅ (ASX Announcement 1 June & 13 December 2022)

      • 14.3% Nb₂O₅ (ASX Announcement 1 June & 21 December 2023)

    • Yttrium:

      • - 0.72% Y₂O₃ (ASX Announcement 13 December 2022)

    • Rare Earth Elements:

      • - 2.6% TREO (ASX Announcement 13 December 2022)

  • Following the successful review by Southern Geoscience, detailed airborne geophysical surveys including magnetics, radiometrics and gravity are now planned to further refine priority targets, and potentially identify further additional targets.

CEO Jeremy Bower said: “The identification of a potentially late stage, younger, granitic intrusive sequence at Wabli Creek is really exciting.

We have previously reported some very high grade Nb-Y-REE rock chip and soil results at Wabli Creek, and having now located what may be the source of mineralisation, could potentially be of significant importance in understanding the source of the mineralisation at the project.”


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