Latest news with #WesternYilgarn
The Australian
03-06-2025
- Business
- The Australian
WYX boosts bauxite position in WA
Special Report: Western Yilgarn has expanded its bauxite footprint within WA's Darling Range bauxite mineral field with the acquisition of the Cardea 3 project. Western Yilgarn expands WA bauxite portfolio with Cardea 3 acquisition Historical drilling has returned high-grade alumina exceeding that mined at the nearby Worsley Alumina Operations Cardea 3 is near major highway and multi-user railway It follows closely on the WA Department of Energy, Mines, Industry Regulation and Safety awarding exploration licences E70/6702 and E70/6703 – the Cardea 1 and 2 project areas – in late May. Western Yilgarn (ASX:WYX) paid the vendor a $5000 cash deposit on executing the terms sheet and will make a further cash payment of $20,000 and issue $25,000 worth of shares at an issue price equal to the 20-day volume weighted average price once the exploration licence application is granted. Cardea 3 has seen some historical exploration with 422 vacuum drill holes completed to date. Of these, 139 have been analysed for available alumina and reactive silica. Results from this work indicate that high-grade bauxite is present with available alumina – the portion of Ai2O3 that can be extracted under Bayer process conditions – exceeding 34.5% and reactive silica content of 3.14%. This compares very favourably with the average mining grades of 28.7% available alumina and 1.9% reactive silica at South32's (ASX:S32) nearby Worsley Alumina Operations. Surface bauxite mineralisation has also been defined over a 3km by 1km area with a laterite profile typical of Darling Range bauxite deposits. 'We are extremely pleased with the acquisition of the Cardea 3 project, which provides significant scalability and strong potential to further increase both bauxite tonnage and grade through continued exploration—particularly in the western portion of the exploration licence area,' non-executive director Pedro Kastellorizos said. 'The project's proximity to a multi-user railway, within trucking distance, is a key logistical advantage, especially in the current market environment of record alumina and bauxite prices.' Cardea 3 location. Pic: Western Yilgarn Cardea 3 project Cardea 3 sits within the Darling Scarp Bauxite Province – a key bauxite region centred on Pinjarra, Waroona and Worsley, which are major aluminium production hubs about 80km to 150km south of Perth. It is about 17.5km east of the company's Julimar West bauxite project and can be accessed from Perth via the Great Northern Highway and is well supported by the Perth Kalgoorlie Railway line to the south of the project area. Results from the vacuum drilling have indicated that the highest grade zones – exceeding 40% Ai2O3 - are concentrated in the central and southern portions of the exploration licence area. WYX added that data to date indicated that alumina and reactive silica for this deposit may be comparable to nearby bauxite mining operations such as the Worsley Alumina Operations. Surface and drilling geochemistry, along with the interpreted geophysics has highlighted multiple targets proximal to the west and south of the current tenure areas. Regional mapping and interpretation of the Western Australia Geological Survey has delineated laterite and pisolitic gravels in which the bauxite occurs. These areas will be systematically targeted once the company starts first pass exploration. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
07-05-2025
- Business
- Yahoo
Western Yilgarn secures new exploration licences in Western Australia's Gascoyne Region
Western Yilgarn has acquired new exploration licences, expanding its gold portfolio within the Gascoyne Region of Western Australia. The licences, covering an area of 201km², are located just 8.7km from the high-potential Glenburgh Gold Project. The newly secured ground lies over a highly fertile craton margin and metamorphic belt terrane, with the potential for significant gold mineralisation. The licences are fully owned by Western Yilgarn and fall within the Dalgaringa Supersuite, which hosts the Glenburgh Gold Project. The company said that the region has been recognised for its gold potential in recent decades but remains underexplored, offering a substantial opportunity for new discoveries. Exploration activities are already under way, including comprehensive geological and geophysical analysis aimed at identifying prospective gold drilling targets. The Gascoyne Project area is situated approximately 300km east of Carnarvon by road, with access from the west via Meekatharra-Carnarvon Road or from Jack Hills through Milly Milly station. Western Yilgarn non-executive director Pedro Kastellorizos said: 'We are extremely pleased to secure the Gascoyne Gold Project as it provides excellent potential to delineate gold resources similar to the Benz Mining Glenburgh mineralised gold system, which now expands over 50km in length. 'The company has the same geological lithologies as the Glenburgh Gold Project located to the north of the current tenements. We have now commenced a geological and geophysics review for the purposes of delineating gold targets to commence ground exploration activities.' In addition to this expansion, Western Yilgarn's management team has recently undergone a strategic restructure. This included divesting from international subsidiary projects and acquiring new, highly prospective land holdings in some of Australia's emerging nickel-gold regions. "Western Yilgarn secures new exploration licences in Western Australia's Gascoyne Region" was originally created and published by Mining Technology, a GlobalData owned brand.
