The Narryer Project consists of Exploration Licence Application (E20/1022) covering an area of 262km2, located 650km north of Perth (Figure 1).
The project is in the Narryer Terrane on the edge of the Archean-aged Yilgarn Craton.
The western edge of the Yilgarn Craton represents the emerging under-explored West Yilgarn Ni-Cu-PGE Province which covers an area of 1,200km x 100km. The West Yilgarn Ni-Cu-PGE Province contains the Julimar Ni-Cu-PGE Deposit discovered in March 2020 by Chalice Mining Limited. Julimar has an Indicated and Inferred mineral resource of 330Mt @ 0.94g/t (Pt+Pd+Au), 0.16% Ni, 0.10% Cu & 0.016% Co (ASX announcement 9/11/2021 - Chalice Mining Limited).
The Narryer Project contains airborne magnetic features of interest (Figure 2) and the Company considers the project area to be prospective for mafic-ultramafic hosted Ni-Cu-PGE style mineralisation (Julimar-style). Geological mapping by the Geological Survey of Western Australia shows ultramafic, mafic, banded iron formation and granitic rocks either within the project area or immediately adjacent to it. Planned work at the Narryer Project will consist initially consist of the compilation and review of historic exploration data followed by soil sampling and a close spaced airborne magnetic survey.