Asra doubles WA exploration portfolio, bumps up gold and critical metals exposure
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Asra Minerals has entered into an option agreement to double its exploration portfolio in the Leonora region of Western Australia with the addition of Kookynie West.
The inclusion of Kookynie West tenure doubles Asra’s exploration footprint from 170 km2 at Mt Stirling to over 360km2 within the same, highly prospective Leonora mineral field.
Plus, the tenements adjoin Genesis Minerals’ (ASX:GMD) Ulysses Gold Project area in Leonora, providing additional new Gold, LCT pegmatites and Rare Earth mineralisation potential to the company.
“Asra has been very fortunate to acquire a very attractive option to explore this incredible area with a tenement located adjacent to where Genesis Minerals is leading a resurgence in gold projects to our east, and Delta Lithium (ASX:DLI) and Marquee Resources (ASX:MQR) are finding LCT pegmatites and Rare Earths, to our west,” Asra Minerals (ASX:ASR) executive chairman Paul Summers said.
“This, notwithstanding our own unique and exciting Yttria Heavy REE discovery, immediately north at Yttria.
“Our Exploration Team have already been on Site at Kookynie West and are keen to continue work on these tenements as this new tenure essentially triples the prospectivity of the Mt Stirling Project.”
The Kookynie ground allows Asra to efficiently expand its exploration activities from its current base at the Tarmoola Pastoral Station, and adds highly prospective ground for Gold, Rare Earths and Critical Metals.
To kick off, the exploration team plans to expand soil geochem surveys over the prospective ‘goldilocks’ lithium zone alongside the granite/greenstone contact as well as using handheld pXRF spectrometers to progress mapping and targeting of rare earths and arsenic anomalies for gold.
Exploration work will be undertaken in parallel with ongoing activities at Asra’s Mt Stirling REE and gold projects to the north at Leonora.
This article was developed in collaboration with Asra Minerals Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.