Great Western Exploration (ASX:GTE) is progressing towards a brine resource at its Lake Way Potash Project in Western Australia after identifying a major paleochannel through a passive seismic survey.
The company believes the magnitude of the paleochannel presents an opportunity for Great Western to unlock a project of ‘significant’ shareholder value.
The company believes the magnitude of the paleochannel presents an opportunity for Great Western to unlock a project of ‘significant’ shareholder value
Great Western reports the passive seismic survey is a downstream continuation of Salt Lake Potash’s (ASX:SO4) Lake Way Potash development project, extending southeast through the entire 60km of Great Western’s 100% owned tenure.
Previously completed testwork indicates that the potash brine within the basalt sands of the paleochannel remains ‘high-grade’ as it enters Great Western’s project area.
Great Western reports it is retaining the services of hydrogeologist KH Morgan from KH Morgan and Associates on a consulting basis to continue working with the company to advance the project towards a brine resource to equivalent standards as the JORC 2012 Code, which will allow the company to progress to a Prefeasibility Study (PFS).
Additionally, the company says it has renewed the 26D water licences that were set to expire on 23 June 2023 for a further 2 years to May 2025. This licence allows up to 50 exploration bores to be drilled and for Great Western to undertake sampling and test pumping of bore capability at Lake Way.
Great Western Exploration is a nickel, copper, and gold explorer focused on its assets in Western Australia. These projects include the Fairbairn, Yerrida, Atley, Calyerup, Forrestania Joint Venture (JV), Yandal West/Lake Way, and Weld Spring projects.
The Lake Way Potash Project is located about 50km southeast of Wiluna and adjoins Australian potash exporter SO4’s potash development project.
Write to Harry Mulholland at Mining.com.au
Images: Great Western Exploration Limited
