St George Mining Ltd (ASX:SGQ) has focused its attention on the C1 carbonatite target which has niobium and rare earth elements (REE) potential at the Destiny Project in the Eastern Goldfields of Western Australia.
This comes after a fast-tracked gravity survey revealed a promising gravity high indicating a higher density core to the large target area.
The C1 target is a circular feature stretching over 2.1 kilometres in diameter, confirmed to have a low magnetic and high gravity core, a combination of geophysical characteristics that indicate potential for a late-stage intrusive body, potentially carbonatite or mafic in nature.
Accelerating toward drill testing
“C1 is a compelling exploration target and we are pleased to have been able to complete the follow-up gravity survey quickly,” St George Mining executive chair John Prineas said.
“The results of the new survey are highly promising and further upgrade the prospectivity at C1.
“We are accelerating approvals to be able to drill C1 and look forward to drilling this exciting target at the earliest opportunity.”
Mirrors other geology
SGQ is interested in C1 as it mirrors geology found at known mineralised carbonatites in Western Australia, namely the Mt Weld REE Project held by Lynas Rare Earths, which is being upgraded to produce feedstock for 12,000 tonnes of finished neodymium-praseodymium product.
WA1 Resources’ Luni carbonatite also mirrors similar features, containing a REE and niobium discovery that has produced results of up to 28 metres at 0.9% niobium and 0.3% total rare earth oxides (TREO) from 28 metres of depth.
St George is now advancing approvals and drilling targets for C1 to be undertaken at the earliest opportunity in the second half of this year.