A dedicated Australian Nickel Sulphide Explorer













The Company plans to deliver Shareholder value, in its pursuit of nickel and other precious metal discoveries, having

  • A dominant land position in a highly prospective Ravensthorpe Greenstone belt in Western Australia (known as the “Carlingup Project”)
  • Existing, shallow mineralisation open in most directions with proven (historic) high grade nickel production
  • High priority brownfield & greenfield targets defined by geochem, geophysics, structural analysis & historic exploration
  • Near-term mining & processing optionality, including heap bio-leaching, production royalties, & nickel laterite toll treating
  • A clear exploration strategy led by an experienced & dedicated team with a proven nickel exploration & production track record
  • Excellent exposure to an emerging green energy materials supplier, leveraged to the global EV and low carbon economy transition
  • A driven business culture committed to sustainable resource development and minimising environmental impact
  • Strategically positioned in a world class mining jurisdiction & proximal to established nickel mining & processing infrastructure


Carlingup Project

The Company’s Carlingup Project includes four currently known nickel sulphide deposits at RAV1, RAV4, RAV4 West, and RAV8 spread along about 10 kilometres of strike length. These deposits contain shallow mineralisation open in most directions with an inferred resource at RAV8 of 13.2 million tonnes at 0.6% Ni for 75,100 tonnes of Ni and a combined exploration target at RAV1, RAV4 and RAV4 West of 300,000 tonnes at 0.9% Ni for 2,800 tonnes of Ni to 9,800,000 tonnes at 0.4% Ni for 41,200 tonnes of Ni. These exploration targets are based on information that is conceptual in nature noting that there has been insufficient exploration to estimate a mineral resource and that it is not certain if further exploration will result in the estimation of a mineral resource.

In addition, the Company’s John Ellis laterite nickel deposit contains 16.0 million tonnes at 0.56% Ni for 90,300 tonnes of Ni. Importantly the historical high grade RAV8 nickel mine which produced 16,100 tonnes of nickel at 3.45% demonstrates the potential for finding high-grade massive sulphide mineralisation at all the known deposits and virgin blind deposits yet to be discovered.

We are optimistic about the exploration potential of our tenements and have set a target of proving up a significant total resource of contained nickel in the coming years which will provide a solid foundation for future mining operations.

The Carlingup Project is located approximately 500km south of Perth and encompasses belt scale coverage of the known prospective nickel terrain within the Ravensthorpe Greenstone Belt (refer to Figure 1). This belt occurs on the southern margin of the Archaean Yilgarn Craton and is approximately 100km south of the Forrestania Greenstone Belt which hosts Western Areas Ltd’s existing nickel mining operations.

The Ravensthorpe Greenstone Belt has the same nickel mineralisation endowment as Forrestania and other greenstone belts, including a historical nickel sulphide mine at RAV8 and the adjacent laterite mine at Ravensthorpe Nickel Operation (RNO). Through the circumstances of its exploration history, and due to the past focus on the Eastern Goldfields and the Kambalda nickel operations and its relatively isolated position, the Ravensthorpe area has remained one of the least explored of all the Archean greenstone belts for nickel sulphides.

Location of Carlingup Project relative to Ni-rich Archaean Greenstone Belts


Recent experience, particularly with high grade nickel sulphide deposits on the basal contacts of komatiitic flows, clearly demonstrates that the Carlingup Project area has scope for further nickel discoveries. The large number of exploration targets at the Carlingup Project that remain untested or poorly explored are good opportunities for further high-grade nickel sulphide mineralisation discoveries.

The Company has the legal and/or beneficial rights to a significant quantity of the known nickel sulphide potential in the Ravensthorpe Greenstone Belt in a tenement package covering 107.4km². The Company can build on a known resource base while advancing a range of mature and grassroots prospects with potential for blind high-grade virgin deposits at moderate depths.


Board of Directors

David Royle

Non-Executive Chairman

BSc (Hons), AusIMM Chartered Professional Geologist

Mr Royle has over 40 years of international experience in mineral exploration and project feasibility including extensive experience at the senior level.

Mr Royle has held previous positions including Business Unit Manager, Asia-Pacific Region for Eurasian Minerals Inc., Vice President Exploration and Business Development at East Asia Mineral Corporation; Managing Director of Kentor Gold Limited: General Manager of MIM Exploration Pty Ltd: General Manager Exploration, Latin America Pty Ltd and Exploration Manager Americas at Newcrest Mining Limited.

The Board considers that Mr Royle is an independent Director.

Craig Moulton

Managing Director

BSc (Honours), MSc Mineral Economics, MAusIMM, FGS

Mr Moulton is a Geologist / mineral economist with over 25 years of global experience in the mining industry, including with Rio Tinto, Cliffs & Wood Mackenzie. He has broad commodity experience, with diverse project experience including Australia, Mongolia, USA and Indonesia and holds a Bachelor of Science (Honours) in Geology from the University of Western Australia and a Masters in Mineral and Energy Economics (Distinction) from Curtin University.

Mr Moulton’s strong commercial and technical background is drawn from a career in exploration, production and resource development, including strategic mine option analysis, scenario planning and structured due diligence of greenfield and brownfield projects.

The Board considers that Mr Moulton is not an independent Director.

Norman Taylor

Non-Executive Director

BCom, CA

Mr Taylor is an Accountant with over 30 years of experience in business development. Mr Taylor received his qualification at Price Waterhouse and throughout his career at The Bell Group Ltd, Normandy Mining Limited and Santos Limited, Mr Taylor has had senior roles in numerous corporate acquisitions (both on market and off market), capital raisings and corporate restructuring with experience gained in Australia, UK and USA.

Mr Taylor founded his own corporate advisory business, with a focus on the resources industry providing advice on acquisitions, fundraisings and corporate strategy to a range of listed and unlisted companies before establishing a number of unlisted businesses, primarily resource-based companies.

The Board considers that Mr Taylor is not an independent Director.

Paul Bennett

Non-Executive Director

BEng (Mining), MBA, MAusIMM, MAICD

Mr Bennett is a Mining Engineer with an MBA who has extensive experience in the operation, development and financing of resource companies and projects over a 25-year period. Mr Bennett is the Managing Director of Medallion Metals Ltd, a role he has held since October 2016. He has worked in technical, management and business development roles for Newcrest, Western Metals and Panoramic Resources and holds a WA First Class Mine Manager’s Certificate.

For nine years, Mr Bennett was a senior executive at RMB Resources, the resources investment banking business of Rand Merchant Bank, where he specialised in the provision of equity, quasi equity/mezzanine and debt financing for small to mid-sized resource companies across a range of commodities and jurisdictions.

The Board considers that Mr Bennett is not an independent Director.

Donald James

Non-Executive Director


Mr James has over 20 years of senior executive experience in a career based on strong commercial, financial, corporate, strategic and operational leadership in the mining and industrial services sectors. Mr James has operated at corporate (head office), operational and non-executive director levels gaining experience in leadership and management in both for profit and not for profit enterprises.

During his career, he has been responsible for capital management, business start-up, turnaround, stabilising and high growth mandates. Mr James’s previously held positions include CEO – Investments and Executive General Manager at Perenti Global (formerly Ausdrill) and Group CFO and COO at WesTrac (a Seven Group Holdings subsidiary). Mr James has long term experience as a Non-Executive Director of Boards for private and public companies and not-for-profit organisations, in which he currently holds a number of offices.

Mr James started his career with 6 years at PwC and holds a Bachelor of Commerce degree (UWA), is a Fellow Chartered Accountant, a graduate member of the Australian Institute of Company Directors, an Associate of the Governance Institute of Australia and is a Certified (Snr) Finance & Treasury Professional with the Australian Corporate Treasury Association.

The Board considers that Mr James is an independent Director.

Corporate Governance

Corporate Governance Policies:


    Corporate Governance Statement


    Corporate Governance Plan




Registered Office

Suite 14, 92 Walters Drive
Osborne Park  6017
Western Australia

Share Registry

Automic Pty Ltd
Level 2, 267 St Georges Terrace
Perth WA 6000
Ph:  1300 288 664