ASX :

Lake Percy

The Lake Percy Project consists of two Exploration Licences and four exploration licence applications in the South-Eastern Goldfields of Western Australia, located 60km east of Mt Holland/Earl Grey mining project.

Project overview

  • The Lake Percy Project covers the northern extension of the Lake Johnston greenstone belt and is prospective for nickel and lithium.
  • Spodumene bearing pegmatites identified 20km south at Mt Day prospect and more recent lithium discoveries at Medcalf (ASX:CHR) and Burmeister (ASX:TG6).
  • Geochemical analysis on existing trench and drill spoils indicates positive fractionation trends for LCT mineralisation.
  • High MgO ultramafic is positive for hosting nickel mineralisation with Maggie Hays and Emily Ann nickel mines within 30km.
  • Access from Perth is via the Brookton Highway from Perth east to Hyden and then via the Hyden-Norseman Road. Alternatively, access is via the sealed Great Eastern Highway to Southern Cross then south via the Marvel Loch-Forrestania Road until the road intersects the Hyden Norseman Road.

Dynamic Exploration in 2023

  • Eight nickel targets generated from historic data
  • First drill program designed to acquire complete geochemical dataset of fresh rock
  • 102-hole program complete in April 2023 for 6,372m
  • Highlights from drilling
    • 16m @ 1.11% Ni and 645ppm Cu
    • 46m @ 0.7% Ni including 10m @ 1.14% Ni
  • Fresh rock nickel sulphide with PGEs intercepted in DYR065
  • Follow up RC drilling commenced November 2023

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