Pinnacle Minerals is spreading its wings with an application for 274km2 of ground in the newly recognised West Yilgarn copper-PGE province in Western Australia.

The region is well serviced by local towns and has extensive transport infrastructure while the new E70/6318 is just 7km from Chalice’s (ASX:CHN) tenure in the Mid-West.

Limited historical exploration for magnetite, kaolin and bauxite has been carried out to date though a review of limited historical data has led Pinnacle Minerals (ASX:PIM) to conclude that there is merit in continuing with and extending upon this work.

Once access is granted, the company plans to carry out a field reconnaissance visit to take surface / field samples and record visual observations which will guide future exploration activities.

Recent finds

Recent discoveries have changed the geological thinking about the West Yilgarn copper-PGE province with the project area considered to be prospective for kaolin, gypsum, bentonite, magnetite and PGE’s

“Applying for prospective tenure is an effective and cost-effective way to add value to a company,” managing director Nic Matich said.

“The team is excited about the prospects of the new ground at Latham. The area is underexplored, essentially providing the Company with an option on any exploration upside.”



This article was developed in collaboration with Pinnacle Minerals (ASX:PIM), 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.