Projects


Carlingup Project

Overview

The Carlingup Project is comprised of eight Mining Licenses and seven Exploration Licenses covering an area of approximately 195km2 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 lithium via a methodical, targeted approach to gain further understanding of the geological potential. The Company believes there is considerable value yet to be discovered within the tenement package.

The Company’s Carlingup project is located along the Western Australia battery belt, a highly prospective geological setting for lithium, nickel sulphides, and base metals.

The Carlingup tenements are situated within the ‘Goldilocks Zone’, known for hosting Lithium-Caesium-Tantalum (LCT) pegmatites.

Prospectivity for Lithium

  • Technical collaboration with Arcadium Limited (ASX:LTM), 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, with assay results up to 5.19% Li2O.
  • Lithium targets identified, with extensional work underway to generate additional targets for potential drilling.

Nickel Minerals 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.

Notes

  1. 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.
  2. 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.
  3. RAV8 underground mineral resource is reported at 0.6% Ni cut-off grade below the Whittle pit shell (see footnote 2).
  4. 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.

Refer to NickelSearch Limited Prospectus dated 23 August 2021 for further information.

PO Box 87 
Woodvale, WA 6026

+61 8 6184 4983

Disclaimer    |     Copyright © 2024 NickelSearch Limited. All rights reserved.