Business · Energy & Commodities · 4 hrs ago

RareX drilling confirms copper-nickel system at Western Australia project

RareX drilling confirms copper-nickel system at Western Australia project

RareX confirmed a copper-nickel sulphide system through its first drilling at the Niobe prospect, part of its Khaleesi project in Western Australia.

One hole found 40 metres averaging 0.13% copper and 374 parts per million nickel, including a higher-grade section.

The sulphides occur in a layered gabbro, a type of rock that can host magmatic mineral deposits.

Drilling also found gallium-rich soil above the Niobe granite, including intervals with up to 75 grams per tonne of gallium oxide.

The project covers a large area, but drilling tested only two lines, and much of the intrusion remains unexplored.

An induced polarisation survey is due in November to help identify stronger sulphide concentrations and guide further drilling.

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What people are saying

James DurrantRareX managing director
At Niobe we have confirmed a copper–nickel sulphide system within a layered mafic intrusion that sits beneath a large gravity anomaly, and the laboratory assays have confirmed the broad zone of copper we identified in the field.
via Stockhead
Several holes stopped at, or just into, the top of the intrusion, so the system remains open and largely untested.
via Stockhead