Errawarra picks up the Andover West nickel project, plans much exploration asap
Errawarra Resources has been granted the key tenement – E47/4352 – which comprises its Andover West nickel project in WA.
Importantly, the Project covers an area of 100km2 in a very favourable geological setting for nickel in the West Pilbara, close to Azure Minerals’ (ASX:AZS) advanced Andover nickel exploration project which hosts a Mineral Resource of 4.6Mt at 1.11% nickel, 0.47% copper and 0.05% cobalt.
And the grant of the tenement is an important milestone for Errawarra (ASX:ERW), as it largely clears the way for more substantive on-ground exploration activities.
To kick-start ground-based exploration activities at Andover West, the company – in cooperation with Ngarluma Aboriginal Corporation – has scheduled a heritage clearance survey to be undertaken this month over areas including the priority nickel target.
“We will continue to work closely with Ngarluma going forward as our exploration activities gather pace,” executive director Tom Reddicliffe said.
“We are excited about our priority nickel target due to its proximity to Azure’s nickel discoveries and have a heritage survey scheduled for this month to enable the maiden drill program to get underway at the earliest opportunity.”
The company has also advised that it will convert 15,000,000 Performance Rights Class A into fully paid ordinary shares on the satisfaction of the milestone, being the grant of the tenement.
Mining investment house, Bennelong Resource Capital has emerged as a substantial shareholder in Errawarra with an interest of 13%.
This article was developed in collaboration with Errawarra Resources, 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.