NickelX search for Julimar-style nickel-copper-PGEs has been boosted by electromagnetic surveys identifying two very strong basement-hosted anomalies at its Dalwallinu project in WA’s West Yilgarn region.

Plate modelling of a moving loop electromagnetic survey and subsequent fixed loop electromagnetic survey generated the DEM1 and DEM2 targets which have conductances that are consistent with massive sulphide mineralisation.

This is undoubtedly exciting for NickelX (ASX:NKL) given that the 86km2 project covering the entire Barra Barra Greenstone Belt has some of the highest PGE recordings in the Western Yilgarn.

Managing director Matt Gauci said the results confirm the prospectivity of Dalwallinu to host massive sulphide mineralisation and when combined with high tenure nickel, copper and PGE in soil geochemical results, closes the loop on the application of modern geophysics and detailed sampling to further refine drill targets at Dalwallinu.

Dalwallinu is a lookalike of the Chalice Mining’s world-class Julimar nickel-copper-PGE discovery, which is also located within the emerging West Yilgarn region.

Electromagnetic targets

DEM1 is a 210m by 270m plate with moderate conductance that strikes in line with a moderate magnetic trend and dipping steeply to the west.

Modelling suggests a depth to top of the conductor of approximately 100m.

Meanwhile, DEM2 was modelled as a 65m by 65m high conductance, sub-vertical plate at a depth of about 30m from surface.

The company noted that while the plate satisfies the majority of the response from the central lines, there appears evidence that the anomaly extends along strike in both directions as a weaker anomaly or at depth.

NickelX is currently in the process of obtaining necessary approvals to drill test the anomalies as well as engaging drill contractors to carry out the work.




This article was developed in collaboration with NickelX, 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.