Critical minerals explorer Dalaroo Metals (ASX:DAL) is well positioned to take advantage of the growing shift to renewable energy in the emerging Gascoyne green tech minerals hotspot. Pic via Getty Images
Mining
Critical minerals explorer Dalaroo Metals is building a strong green tech metals position in the Gascoyne region in Western Australia.
The Gascoyne Province is emerging as a green tech metals hotspot for rare earths and lithium as increasing consumer expectations are driving the transition to renewable energy at a faster pace than previously forecast.
This is driving up prices as global power shifts cause customers of rare earths and lithium in Asia, Europe and the USA to seek alternative supply chain sources outside of China.
These green tech metals are essential components in wind turbines, electric vehicles and high-tech military applications.
“We’ve got the right commodities, in the right location with the right team,” Managing Director Harjinder Kehal said.
As demand for green tech metals takes off, Dalaroo has an extensive land position of nearly 1,200 km2 in new and emerging green metals exploration hotspots, such as the Gascoyne Province and West Yilgarn Province in the mid-north Wheatbelt in Western Australia.
“As exploration in this hotspot intensifies, draw your own conclusions about market cap and where value will be added,” Kehal said.
Two significant REE anomalies have been outlined at the View Hill and 32 Mile Well prospects at the Lyons River Project, adjacent to a major NE-trending structure and compatible with relationships seen at Kingfisher Mining’s (ASX:KFM) REE discovery.
The anomalies have no recorded drilling and could represent either potential hard rock or near surface clay hosted mineralisation drill targets, Dalaroo Metals (ASX:DAL) says.
REE anomalism at View Hill returned a peak value of 1,043ppm TREO (total rare earth oxides) as well as a strike length of 2.2km, which coincides with a large thorium high, while REE anomalism at 32 Mile Well hit a peak value of 2,025ppm TREO with a strike length of more than 3km.
In parallel, a shear zone with a strike length of 30km has been identified from detailed geological mapping undertaken by respected lithium expert and structural geologist, Dr Mike Grigson.
According to DAL, this shear zone was active during the Edmundian Orogeny and shows strain with steep mineral stretching lineations, and localised oblique foliation trends near cross-fault swarms in the central part in the Four Corners area.
A pegmatite swarm that outcrops in the newly identified shear zone has returned anomalous rock chip values of 114 ppm Li, 1,638 ppm Rb, 187 ppm Nb and 183 ppm Sn.
Rock chip sampling of pegmatites, west of View Hill, has also returned significant tantalum and niobium values of 117 ppm and 328 ppm, respectively, with anomalous rubidium of 904 ppm.
Infill soil sampling over the View Hill and 32 Mile Well prospects will be completed on a 200m-by-40m pattern.
Rock chip sampling will be undertaken over the REE anomalous zones with results from the infill sampling expected to delineate drill targets.
At the same time, rock chip sampling of the 30km strike length shear zone has kicked off to outline lithium bearing pegmatites. Results from this sampling program will lead to defining drill targets.
This article was developed in collaboration with Dalaroo Metals, 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.
