Boadicea Resources Ltd (ASX:BOA) is embarking on a new era of growth with an extensive drilling campaign underway targeting the next major lithium and nickel deposit in Western Australia.
In a letter to shareholders, chair and managing director Cath Norman said BOA was determined to “unlock significant value for all shareholders” and had shifted its focus towards nickel, lithium and gold exploration in Western Australia, which was renowned for its attractive mining investment landscape and abundant resources.
In prospective regions
BOA has 15 strategically located tenements in WA's Lake Johnston, Eastern Goldfields and Fraser Range, surrounded by promising discoveries which, she said, positioned the company “for success in highly prospective geological regions”.
Meticulous drilling has been planned this year for four of BOA’s most promising lithium and nickel prospects in Western Australia.
Extensive drilling
“We are growing on the 2023 drilling campaign and this year’s drilling campaign is the most extensive in our company's history,” Norman said.
“We're kicking off drilling at three lithium projects in the Lake Johnston/Eastern Goldfields area.
“It's worth noting BOA stands out among junior exploration companies being fully funded for our ambitious 2024 exploration program,” she added.
The first drilling program will be at Two Tanks followed by drilling at Cat Camp and Bald Hill East with attention to then turn to Fraser South, which has been identified as highly prospective for magmatic nickel and potentially volcanogenic massive sulphide (VMS) deposits.
Strong Fraser Range position
In the Fraser Range alone, the company holds 12 exploration licences covering 919 square kilometres, strategically positioned north and south of IGO Ltd's Nova-Bollinger nickel-cobalt-copper mine.
“Our strategic collaboration with key industry player, IGO, is a testament to our commitment to unlocking the next Nova-Bollinger nickel deposit,” the BOA chair and MD said.
“With a newly appointed board and a highly prospective exploration portfolio, BOA is poised in the effort to make significant mineral discoveries in the coming months.
“It's truly a pivotal time to be a shareholder at BOA, and I am confident in our collective success,” she concluded.