Pinnacle Minerals (ASX:PIM) has completed a tenement wide soil sampling program, 4 days after optioning the Manna West Lithium Project in Western Australia.
Managing Director Nic Matich says the company is focused on rapidly evaluating the project and plans to use pending assay results to determine if Manna West will fold into its project portfolio.
XM Logistics conducted the soil sampling program, with 251 samples delivered to LabWest for ultrafine assay analysis. Assays are expected to be returned within 5-6 weeks.
Simultaneously, a field trip was conducted at the Wirrulla Uranium and Rare Earth Project in South Australia.
Pinnacle says landholders at the proposed exploration drilling site were contracted, with land access negotiations progressing favourably towards signed access agreements.
The company has now begun the permitting process for the proposed drilling program.
Matich says: “Sound progress at the Wirrulla Uranium and REE Project has been made with stakeholders indicating that access to key areas of interest for uranium mineralisation will be granted, thus facilitating a 2024 drilling campaign.”
The Manna West project sits within granites, greenstones, and meta-sedimentary rocks in Western Australia.
Meanwhile, the Wirrulla project covers a 957km-square area in the northwestern extents of the Eyre Peninsula in South Australia.
Pinnacle Minerals is a technology minerals-focused explorer with assets in Canada, Western Australia, and South Australia.
As of 31 December 2023, the company had $2.3 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Pinnacle Minerals
