Lithium producer Sociedad Química y Minera de Chile (SQM) (NYSE:SQM) has contracted MagSpec Airborne Surveys to conduct a magnetic survey across Tambourah Metals’ (ASX:TMB) Julimar Nth Project in Western Australia.
SQM and Tambourah entered into an agreement for SQM to earn an initial 50% interest — and a maximum of 70% — in all mineral rights at the project by funding a minimum of $1.5 million and up to $3 million in exploration and development activities.
Contractors have now mobilised to begin work on the 12,000km line survey at Julimar Nth, focusing on three priority targets at Mogumber, Bolgart, and Yerecoin.
Tamboruah says the survey will cover where ultramafic rocks, prospective for hosting nickel mineralisation, have been uncovered.
At Bolgart, the survey will follow up on airborne gravity anomalies, with results from the survey and geophysical interpretation expected to be delivered in six weeks.
At Yerecoin, which is considered prospective for nickel-platinum group elements-copper mineralisation, the survey will cover the potential extensions of the footwall geology on its project and will provide assessment of the exploration potential.
Write to Aaliyah Rogan at Mining.com.au
Images: Tambourah Metals
