01 Jun Three Australian miners form alliance for polymetallic exploration in WA
Lithium Australia, Australian Vanadium and Mercator Metals have formed an alliance to undertake exploration activities targeting nickel-copper-platinum group elements (Ni-Cu-PGE) mineralisation at the Coates Mafic Intrusive Complex in Western Australia.
The companies’ tenements in the region adjoin each other and are known as the Coates project, with the strategic alliance intended to streamline exploration processes through the shared use of personnel and capital.
In a media statement, the miners said that the alliance was inspired by Chalice Gold Mines’ recent discoveries of Ni-Cu-PGE mineralisation at its Julimar project, located 29 km Northwest of the Coates project in a similar geological environment.
The press brief stated that exploration will begin with compilation and data sharing of historical information that can assist in targeting potential hosts for Ni-Cu-PGE mineralisation.
Following this initial phase, a laterite sampling and geological mapping field exercise will be completed, in order to develop an up-to-date geochemical and geological map.
Together the companies are evaluating the use of ground electromagnetic geophysical surveys to delineate any sulphide-rich horizons at the Coates project prior to drilling, which would potentially take place in the September quarter.