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Octava Minerals Limited (“Octava”) (ASX:OCT) is an exploration and development company that is focused on the high-grade antimony (Sb) targets at its 100% owned Yallalong Project located in Western Australia, 220km from the port of Geraldton.
Previous exploration for antimony at Yallalong identified a 10km long antimony corridor with four priority targets, Discovery, Central, No.4 & North. Drilling at the Discovery target recorded some of the highest-grade antimony drill intersections in Australia and mineralisation remains open. The remaining three antimony targets are untested. Octava has all approvals in place to commence drilling at Discovery.
Octava is also progressing the large Byro REE project in the Gascoyne region of Western Australia where previous GSWA regional soil sampling and RC drilling identified REE, Li & base metals mineralisation over 30km of strike and a width of 15km. Byro has the potential to be a large-scale, low-cost mining operation with a reduced environmental impact, capable of supplying the critical minerals industry for many years.
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