Strategically located tenement application in the West Arunta Critical Minerals Province contains similar magnetic signatures to WA1 Resources’ Niobium Project along strike.
Binding Heads of Agreement to acquire an 80% interest in Exploration Licence Application ELA 33191, in the West Arunta region of Central Australia.
The application area is highly prospective for a suite of elements including Niobium (Nb).
ELA33191 is along strike from WA1 Resources’ (ASX:WA1) high-grade Luni niobiumcarbonatite discovery, within its West Arunta Project.
Recent tenement applications by WA1 adjacent to ELA33191 indicate the tenement’s prospectivity.
Low-cost opportunity to assess what could potentially be a new, world-class, critical minerals province, complementing Trek’s existing portfolio in the Pilbara Region of WA.
Trek Metals Limited (ASX: TKM) (“Trek” or the “Company”) is pleased to advise that it has further enhanced its Australian battery metals portfolio with the acquisition of a highly prospective niobium exploration project in the heart of the West Arunta Critical Minerals Province.
Trek Metals CEO, Derek Marshall, said: “The Agreement with Gempart provides a low-cost opportunity to assess what could potentially be a new, world-class niobium province, along strike from one of the most exciting new discoveries in the junior exploration sector in recent times. WA1’s Luni discovery has opened up a new critical minerals province in the Western Arunta, and we are looking forward to the opportunity to get on the ground and evaluate this exciting region. The new McEwen Hills Project complements Trek’s already exciting portfolio of battery metal exploration projects and gives us exposure to one of the most exciting new exploration frontiers in Australia.”