NickelX (ASX:NKL) has enlisted Strike Drilling to start a 1,700m RC drilling at the Dalwallinu Project in late January 2024 amid a lapsed option agreement with public unlisted company Eyre Metals.
The company says assays from a recently completed infill auger drilling soil sampling program defined multiple high priority geochemical anomalies over a combined strike length of some 12km at the project, where NickelX is seeking ‘Julimar style mineralisation’ in the West Yilgarn Nickel Province.
NickelX Managing Director Matt Gauci says the NickelX team is keen commence drilling shortly at Dalwalli, which has ‘significant prospectivity’ for Ni-Cu-PGE mineralisation and numerous high priority targets, prospective for Julimar type Ni-Cu-PGE mineralisation.
“The company is also pleased to have executed a finder’s fee agreement with Eyre Metals in respect of the projects related to the Euro option, which lapsed recently.”
NickelX advises that the Euro option previously announced in July 2023 has lapsed, and the company has executed a finders’ fee agreement with Eyre Metals to provide the data and intellectual property in respect of the option in consideration for 1 million fully paid ordinary shares in Eyre Metals, subject to it listing on the ASX.
NickelX notes Eyre Metals intends to pursue the nickel and lithium projects in Central Europe the subject of the Euro option via its own agreement with the project vendors.
Eyre Metals is an Australian public unlisted entity that is proposing to list on the ASX in 2024.
It is envisaged that Gauci will also be a non-executive Director of Eyre Metals.
Write to Adam Orlando at Mining.com.au
Images: NickelX
