🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Moho Resources adds rare earths to nickel-copper-PGE potential as Tambellup exploration begins

Published 16/05/2023, 11:31 am
© Reuters.  Moho Resources adds rare earths to nickel-copper-PGE potential as Tambellup exploration begins
XAU/USD
-
GC
-
HG
-

Moho Resources Ltd (ASX:MOH) has kicked off the hunt for nickel-copper-platinum group elements (PGE) along with rare earth elements (REE) at its 100%-owned Tambellup Project in the Great Southern region of Western Australia, with the first phase of reconnaissance underway.

Moho believes the 142-square-kilometre Tambellup Project, acquired through an agreement with Whistlepipe Exploration Pty Ltd, is under-explored for nickel, copper and PGE, but has also added rare earth elements (REE) to the mix.

The company’s interpretation of government geophysical data has revealed the presence of mafic-ultramafic intrusives under cover and potentially creating nickel-copper and PGE targets.

Tambellup Project area showing magnetic anomalies (red) and gravity anomalies (orange) interpreted from official data.

Maiden reconnaissance

Moho recently completed an airborne magnetic and radiometric survey across the project to refine targets for follow-up and drilling programs targeted for the third quarter.

The survey consisted of 1,641 line kilometres of gradiometer magnetics and radiometric data acquisition at 50-metre line spacing, which is much better than the existing aeromagnetic surveying undertaken at a 400-metre line spacing.

Some 148 soil samples collected along roadsides have been submitted to the laboratory for multi-geochemical analysis, including for base and precious metals and REE.

Assay results are expected in June.

Portfolio expansion

“The Tambellup project was originally targeted by the Whistlepipe consultancy for nickel, copper and PGEs but may also have potential for hard rock and clay-hosted REEs,” Moho Resources managing director Ralph Winter said.

“Tambellup offers the opportunity for Moho to expand its already exciting critical minerals portfolio.”

Moho plans to engage with private landowners and occupiers for land access next.

The company is also actively exploring for nickel, PGEs, REE, lithium and gold at Silver Swan North, Burracoppin, Peak Charles and Manjimup in WA and Empress Springs in Queensland.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.