{"id":4243,"date":"2024-01-11T03:10:12","date_gmt":"2024-01-11T03:10:12","guid":{"rendered":"https:\/\/economicherald.net\/?p=4243"},"modified":"2024-01-11T03:10:12","modified_gmt":"2024-01-11T03:10:12","slug":"nickelx-to-spin-off-european-ip-for-a-stake-in-upcoming-asx-debutante-eyre-metals","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4243","title":{"rendered":"NickelX to spin off European IP for a stake in upcoming ASX debutante Eyre Metals"},"content":{"rendered":"

Drilling imminent at Dalwallinu critical minerals project
\nNickelX to receive 1 million shares in Eyre Metals subject to ASX listing
\nEyre listing planned for this year
\nNickelX MD Matt Gauci pegged to become non-exec director of Eyre<\/p>\n

\u00a0<\/p>\n

Special Report<\/em><\/strong>: NickelX is about to kick off its 1,700m RC drilling program at its Dalwallinu critical minerals project later this month and will receive a finder\u2019s fee for providing project data for unexercised options to purchase Central European critical minerals projects.\u00a0\u00a0 <\/strong><\/p>\n

Explorer NickelX (ASX:NKL)<\/strong><\/a> is targeting nickel, copper and platinum group elements (PGE) at Dalwallinu, where it\u2019s chasing Julimar-style mineralisation in the same vein as nearby Chalice Mining\u2019s (ASX:CHN)<\/strong><\/a> monster Gonneville Ni-Cu-PGE sulphide deposit.<\/p>\n

\u00a0<\/p>\n

Targets to be drilled at Dalwallinu<\/strong><\/h2>\n

Assays from a recently completed infill auger drilling soil sampling program defined multiple, high-priority geochemical anomalies<\/strong><\/a> over a combined strike length of ~12km at Dalwallinu.<\/p>\n

The high-priority DEM1 and DEM2 targets represent some of the highest PGE assays (73.7ppb Pt and Pd) the West Yilgarn has shown, as well as significant and coincident anomalous values of up to 466ppm Ni and 843ppm Cu.<\/p>\n

\u201cThe NickelX team are very excited to commence drilling shortly at the Dalwallinu project which has significant prospectivity for Ni-Cu-PGE mineralisation and numerous high-priority targets, prospective for Julimar type Ni-Cu-PGE mineralisation,\u201d NKL MD Matt Gauci says.<\/p>\n

The DEM1 and DEM2 drill targets at Dalwallinu. Pic supplied: (NKL)<\/p>\n

\u00a0<\/strong><\/p>\n

Exposure to Eyre Metals and the \u2018Euro Option\u2019<\/strong><\/h2>\n

Public unlisted company Eyre Metals is planning to list on the ASX this year through an upcoming IPO, with NKL to receive 1 million fully paid shares and an expected board seat upon its entrance to the market in return for project IP data in relation to the \u2018Euro Option\u2019.<\/p>\n

Eyre Metals intends to pursue the Euro Option nickel and lithium projects in Central Europe via its own agreement with its project vendors.<\/p>\n

The IP deal and subsequent stake in Eyre Metals means NKL retains exposure to the projects as it concentrates on its Dalwallinu assets in the meantime.<\/p>\n

\u201cThe company is pleased to have executed a finder\u2019s fee agreement with Eyre Metals in respect of the projects related to the Euro Option, which lapsed recently,\u201d Gauci says.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with\u00a0 NickelX, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post NickelX to spin off European IP for a stake in upcoming ASX debutante Eyre Metals<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Drilling imminent at Dalwallinu critical minerals project NickelX to receive 1 million shares in Eyre Metals subject to ASX listing Eyre listing planned for this [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4244,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nNickelX to spin off European IP for a stake in upcoming ASX debutante Eyre Metals - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4243\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NickelX to spin off European IP for a stake in upcoming ASX debutante Eyre Metals - 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