Good neighbours encourage Mamba as Darling Range EM starts
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Buoyed by neighbouring success, electromagnetic surveying is underway over Mamba Exploration’s Darling Range nickel-copper-platinum group element project in WA.
After making its ASX debut only a month ago, Mamba Exploration Limited (ASX:M24) last month secured a VTEM Max Helicopter-based survey which is now currently in progress, and expected to be completed in 10 days.
The survey started at the Mistake Creek tenement which neighbours Mandrake Resources’ (ASX:MAN) Jimperding project, where recent EM identified a number of strong conductors.
Some of these conductors appeared to trend into M24’s tenure. This portion of the survey is expected to be completed this Friday.
The third area to be tested is the Batty Bog tenement, north of New Norcia, which is located between Caspin Resources’ (ASX:CPN) Yarawindah Brook project, where there have been significant PGE drill intersections and a number of EM conductors, and the recent significant gold discovery by Liontown Resources (ASX:LTR).
Subject to weather, the survey is expected to be finished in the next 10 days with preliminary results within two weeks of completion.
Mamba managing director Mike Dunbar said it was exciting to be able to kick off exploration so soon after listing the company.
“We are pleased to have been able to commence the VTEM survey in such a short timeframe from listing, and in particular, we are very encouraged by the recent exploration success that our neighbouring peer companies have achieved in this extremely underexplored and highly prospective belt of Western Australia,” he said.
Darling Range is the flagship project of the four on Mamba’s books.
This article was developed in collaboration with Mamba Exploration, 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.