{"id":6336,"date":"2024-02-26T03:25:22","date_gmt":"2024-02-26T03:25:22","guid":{"rendered":"https:\/\/economicherald.net\/?p=6336"},"modified":"2024-02-26T03:25:22","modified_gmt":"2024-02-26T03:25:22","slug":"western-yilgarn-secures-1-15m-to-bolster-exploration-across-its-wa-flagship-assets","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6336","title":{"rendered":"Western Yilgarn secures $1.15m to bolster exploration across its WA flagship assets"},"content":{"rendered":"

Western Yilgarn raises $1.15m to advance its Ida Holmes Junction and Julimar West prospects
\nExploration will include EM surveys and geochemical analysis
\nRC drilling to follow<\/p>\n

\u00a0<\/p>\n

Special Report<\/em><\/strong>: Critical minerals explorer Western Yilgarn has rattled the tin for $1.15 million to advance exploration work across its flagship Ida Holmes Junction and Julimar West projects in WA. <\/strong><\/p>\n

Western Yilgarn\u2019s (ASX:WYX)<\/strong><\/a> 684km2 Ida Holmes Junction project is in a fast-developing exploration region for critical minerals and is just 50km from Gold Fields\u2019 Agnew gold operation and down the road from BHP\u2019s (ASX:BHP)<\/strong><\/a> Leinster and Mt Keith world-class nickel mines.<\/p>\n

It\u2019s also 60km north of prolific lithium deposits such as Delta Lithium\u2019s (ASX:DLI)<\/strong><\/a> 12.7Mt Mt Ida project and 90km south of Liontown Resources\u2019 (ASX:LTR)<\/strong><\/a> 156Mt Kathleen Valley.<\/p>\n

Closer to Perth, WYX is seeking to prove up Julimar West with the belief it could contain Gonneville-type mineralisation which is less than 2.5km away from its landholdings in the region, as well as investigating whether historical tantalum and tin grab samples point to a potential Greenbushes-type occurrence.<\/p>\n

\u00a0<\/p>\n

Funding secured and targets galore<\/strong><\/h2>\n

WYX has received firm commitments to raise $1.15 million at 8c\/share with one free attaching option for every two shares subscribed for via a share placement, which is backed by institutional investors and substantial shareholders, including non-executive director John Traicos, Oceanic Capital and St Barnabas Investments.<\/p>\n

Funds will be used to dig into 24 identified targets<\/strong><\/a> that show early prospectivity for copper-nickel-PGE and LCT pegmatites at the Ida Holmes Junction prospect, by way of auger geochemistry on newly granted leases and airborne EM surveys with a focus on copper and nickel sulphides.<\/p>\n

These exploration tools which will be used to direct potential follow-up RC drilling.<\/p>\n

They\u2019ll also be used for an airborne EM survey at Julimar West to test for extensions and repetition of the world-class 3Mt nickel equivalent Gonneville mineralisation discovered by Chalice Mining (ASX:CHN)<\/strong><\/a>.<\/p>\n

Western Yilgarn\u2019s WA projects. Pic: Supplied (WYX)<\/p>\n

\u00a0<\/p>\n

Validation in \u2018a challenging investment environment\u2019<\/strong><\/h2>\n

\u201cWe\u2019re delighted to receive such strong support for the company and its exploration strategy at the Ida Holmes Junction and Julimar West projects,\u201d WYX chair Peter Lewis says.<\/p>\n

\u201cOur projects and operating mantra have been validated by investor support in a challenging investment environment.<\/p>\n

\u201cThe funds raised will be used to advance exploration at the Ida Holmes Junction project and commence work at Julimar West.<\/p>\n

\u201cBoth projects warrant further investigation and we are excited at the opportunity this raising provides to unlock their potential.\u201d<\/p>\n

\u00a0<\/p>\n\n

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

This article was developed in collaboration with Western Yilgarn, 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 Western Yilgarn secures $1.15m to bolster exploration across its WA flagship assets<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Western Yilgarn raises $1.15m to advance its Ida Holmes Junction and Julimar West prospects Exploration will include EM surveys and geochemical analysis RC drilling to [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6337,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nWestern Yilgarn secures $1.15m to bolster exploration across its WA flagship assets - 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=6336\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Yilgarn secures $1.15m to bolster exploration across its WA flagship assets - 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