{"id":9668,"date":"2024-05-15T03:30:49","date_gmt":"2024-05-15T03:30:49","guid":{"rendered":"https:\/\/economicherald.net\/?p=9668"},"modified":"2024-05-15T03:30:49","modified_gmt":"2024-05-15T03:30:49","slug":"exploration-breakthrough-norwest-minerals-identifies-high-priority-targets-in-west-arunta","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9668","title":{"rendered":"Exploration breakthrough: Norwest Minerals identifies high-priority targets in West Arunta"},"content":{"rendered":"<p>Norwest Minerals identifies critical mineral targets through gravity, magnetic, and soil sample analysis at its West Arunta project<br \/>\nTwo new target zones \u2013 Duck and Malibu \u2013 are defined by gravity-magnetic highs and associated geochemical anomalies<br \/>\nThe study area reveals potential for lithium, rare earth elements (REE), and niobium, with a specific focus on IOCG (iron oxide copper-gold) targets<br \/>\nCEO Charles Schaus highlights the confidence in drill planning work, with plans to explore promising targets, including those resembling WA1 Resources\u2019 Luni niobium discovery<\/p>\n<p>Special Report: Multiple critical mineral targets have been identified from gravity, magnetic and soil sample analysis at Norwest Minerals\u2019 West Arunta project across the northern WA-NT border.<\/p>\n<p>The West Arunta region is emerging as a rare earths and critical minerals hotspot after <a href=\"https:\/\/stockhead.com.au\/company\/wa1-resources-wa1\/\"><strong>WA1 Resources (ASX:WA1)<\/strong><\/a> unearthed its super high-grade Luni niobium deposit.<\/p>\n<p>Up to 90% of niobium is produced in Brazil and is used to strengthen steel alloys, although it is also <a href=\"https:\/\/stockhead.com.au\/resources\/the-niobium-rush-is-on-why-this-battery-metal-is-suddenly-leading-the-ev-revolution\/\"><strong>gaining traction as a cobalt substitute in lithium batteries<\/strong><\/a> that charge faster, last longer and reduce fire risks.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/encounter-resources-enr\/\"><strong>Encounter Resources (ASX:ENR)<\/strong><\/a> and <a href=\"https:\/\/stockhead.com.au\/company\/cgn-resources-cgr\/\"><strong>CGN Resources (ASX:CGN)<\/strong><\/a> are both in the area looking to prove up REE-niobium mineralisation, while mining major <a href=\"https:\/\/stockhead.com.au\/company\/rio-tinto-rio\/\"><strong>Rio Tinto (ASX:RIO)<\/strong><\/a> is also present in the south West Arunta with five copper-gold tenements.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/norwest-minerals-nwm\/\"><strong>Norwest Minerals (ASX:NWM)<\/strong><\/a> recently snapped up tenements right next door to Luni and adjacent to Rio\u2019s tenure where it\u2019s <a href=\"https:\/\/stockhead.com.au\/resources\/norwest-minerals-hunts-out-31-critical-mineral-targets-prospective-for-niobium-and-rare-earths-across-large-west-arunta-holding\/\"><strong>identified multiple targets for investigation<\/strong><\/a>.<\/p>\n<p>In late 2022, NWM drill tested a 3km REE soil anomaly where &gt;1,000 parts per million total rare earth oxide (TREO) in clays were intersected.<\/p>\n<p>\u00a0<\/p>\n<p>NWM\u2019s tenements and other project areas in the West Arunta. Pic supplied: (NWM)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Two new target zones<\/strong><\/h2>\n<p>NWM\u2019s gravity study \u2013 which represents just 6% of its West Arunta landholdings \u2013 has identified the Duck and Malibu target zones of interest.<\/p>\n<p>They host several large, priority-one drill targets defined by coincident gravity-magnetic highs and associated IOCG geochemical anomalies.<\/p>\n<p>A gravity study completed in March found 31 new critical mineral targets encompassing various deposit styles and subsequent analysis of a gravity program has highlighted these new zones for an upcoming drill program.<\/p>\n<p>Two zones within the study area, including the Duck target zone, are already heritage-cleared for drilling while Malibu will require clearance.<\/p>\n<p>Structural Interpretation reveals a potential fold system at Malibu with coincident magnetic and gravity highs in the fold hinge; and at Duck, a 5km x 1km elongated structure is identified as an IOCG target.<\/p>\n<p>Duck has a ~1km wide, north-south striking IOCG geochemical feature of coincident lithium, REE and niobium and a second, larger niobium surface geochemical feature to the west.<\/p>\n<p>These geophysical targets are supported by several strong high-priority geochemical anomalies identified by NWM back in 2022.<\/p>\n<p>\u00a0<\/p>\n<p>The gravity map of the priority-one Malibu and Duck zones of interest. Pic supplied: (NWM)<\/p>\n<p>\u00a0<\/p>\n<p>NWM CEO Charles Schaus says the combination of anomalous gravity, magnetics and surface geochemistry provides a high level of confidence for drill planning work.<\/p>\n<p>\u201cFrom the new gravity and recent magnetic analysis, we\u2019ve identified zones \u2018Duck\u2019 &amp; \u2018Malibu\u2019 as hosting several large priority-one drill targets,\u201d Schaus said.<\/p>\n<p>\u201cThe similarities between Norwest\u2019s Malibu target and WA1\u2019s Luni niobium discovery are very promising. Norwest plans to be back in the field next quarter.<\/p>\n<p>\u201cAlso as discussed in the recent Bulgera gold update, planning to drill test the large near-mine gold oxide targets is progressing with Norwest scheduling the fieldwork to commence ASAP.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Norwest Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/exploration-breakthrough-norwest-minerals-identifies-high-priority-targets-in-west-arunta\/\">Exploration breakthrough: Norwest Minerals identifies high-priority targets in West Arunta<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Norwest Minerals identifies critical mineral targets through gravity, magnetic, and soil sample analysis at its West Arunta project Two new target zones \u2013 Duck and <a href=\"https:\/\/economicherald.net\/?p=9668\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9669,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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