The Carlingup project is comprised of eight Mining Licenses and seven Exploration Licenses covering an area of approximately 108km2 in the Ravensthorpe Greenstone Belt.
The area is a highly prospective geological setting for both nickel sulphides and lithium, with established mining operations and infrastructure nearby.
NickelSearch has continued advancing exploration for nickel sulphides via a methodical, targeted approach to gain further understanding of the geological potential and based upon the results delivered, the Company believes there is considerable value yet to be discovered within the tenement package.
LOCATED IN THE BATTERY BELT
The Company’s Carlingup project is located along the Western Australia battery belt, a highly prospective geological setting for nickel sulphides, lithium and base metals.
The Carlingup tenements are situated within the ‘Goldilocks Zone’, known for hosting Lithium-Caesium-Tantalum (LCT) pegmatites.
The project hosts ultramafic rocks, favourable for komatiitic nickel sulphide deposits.
Surrounded by nearby established nickel and lithium mining infrastructure, including IGO’s Forrestania Nickel Mining Complex, 10km from Allkem’s Mt Cattlin Lithium Mining Complex.
NICKEL MINERAL RESOURCES
The Company’s immediate objective is to increase the current Inferred resources through a combination of:
- Brownfields exploration at RAV1, RAV4, RAV4 West and RAV5; together with
- Greenfields exploration across the Carlingup Project
Whilst there can be no assurances that exploration activities will result in an increase in mineral resources, the Company is optimistic, based on the historical drilling results at the brownfield targets and the general exploration prospectivity of the Carlingup Project, that this objective can be achieved.
- Information relating to Mineral Resources has been extracted from the Company’s announcement dated 30 March 2023 entitled ‘’Significant Upgrade of Nickel Sulphide Indicated Resources,’’ which was released to ASX and is available on the Company’s website at www.nickelsearch.com. NickelSearch Limited confirms that it is not aware of any new information or data that materially affects the information included in the Company announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in that relevant ASX market announcement continue to apply and have not materially changed. NickelSearch Limited confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the relevant ASX market announcement.
- The open pit component of the sulphide mineral resources is reported at 0.3% Ni cut-off grade constrained within a Whittle pit shell optimised using US$22,747/t Ni price.
- RAV8 underground mineral resource is reported at 0.6% Ni cut-off grade below the Whittle pit shell (see footnote 2).
- John Ellis laterite resource is reported at 0.3% Ni cut-off grade and confined to tenement M74/107.
PIPELINE OF DRILL READY NICKEL TARGETS
- Priority greenfield drill-ready targets identified at Lipple, Wadley, RAV8 South, John Ellis West, Relay and Discus
- Important foundational data set for targeting blind nickel sulphide deposits
RAV-8 SOUTH PROSPECT
- Historic high grade nickel production at RAV-8 of 16.1kt Ni at 3.45% incl. 9.6kt Ni at 5.83%
- JORC 2012 Resource of 4.2Mt @ 0.73% Ni for 30.3kt Ni
- Shoot 1 at RAV8 turns to the south, so testing is warranted down-plunge in that direction
- The area could not be previously tested as it was covered in water (evaporation pond)
- Diamond drilling to allow better understanding of the structure
PROSPECTIVITY FOR LITHIUM
- Technical collaboration with Allkem Limited (ASX:AKE), owner and operator of the Mt Cattlin lithium mine, 10km from the Carlingup Nickel Project
- Mt Cattlin lithium operations produced 131kt of spodumene concentrate in FY2023
- Visual spodumene identified from pegmatite grab samples from quarry, sent for priority assays
- Stream sediment and soil sampling to continue over broader Carlingup Project area