Metal Hawk adds quality belt-scale Yarmany nickel and lithium project to its portfolio
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Metal Hawk is reinforcing its exposure to key future facing commodities, while complementing its existing Berehaven Nickel and Fraser South Nickel/REE projects, through a freshly-added 282km2 belt-scale project in Western Australia.
The new notch on Metal Hawk’s (ASX:MHK) belt looks set to follow on the heels of the company securing an option to acquire the large-scale Yarmany nickel and lithium project, north-west of Coolgardie.
The tenure has 50km of strike potential along the Ida Fault where most of the historical drilling largely focused on regional gold exploration.
Only sparse nickel sulphide exploration has been carried out on the project since the 1970s prior to the modern and game-changing geophysical methods of electromagnetic (EM) surveying, used by nickel explorers to detect conductive responses caused by massive sulphide mineralisation.
The tenements, while highly prospective for both nickel and lithium mineralisation, have also received only limited, mostly superficial exploration for pegmatite-hosted lithium-caesium-tantalum (LCT) mineralisation.
But Metal Hawk managing director Will Belbin says with a favourable geological setting, this large and contiguous tenement package presents a tremendous discovery opportunity.
“Metal Hawk will be applying targeted exploration for nickel and lithium mineralisation and is aiming to fast-track plans for drilling in 2023,” he explains.
The company believes there is potential for komatiite-hosted nickel sulphide mineralisation along the regional Ida Fault, a major crustal boundary that represents the margin of the Kalgoorlie and Youanmi Terrane.
Metal Hawk’s review of historical data from Yarmany is ongoing, and with a high level of systematic target-generating field activities scheduled for Q3-Q4, the company plans to begin drilling activities in the second half of 2023.
Its dual focus at Yarmany will be regional nickel sulphide and lithium exploration with plans for targeted soil geochemical surveys, high powered ground EM surveys and drilling.
Pegmatite mapping and geochemical sampling has already commenced.
This article was developed in collaboration with Metal Hawk, 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.