Early-stage mineral explorer Western Yilgarn (ASX:WYX) is looking to undertake low-impact exploration at its Sylvania Project in Western Australia after finalising site access agreements.
The company says site access has been finalised with Karlka Nyiyaparli Aboriginal Corporation (KNAC), the Aboriginal custodians of the land underlying the project leases.
Western Yilgarn, which has a $17.06 million market capitalisation, has ‘warmly acknowledged’ the expansion of its collaborative partnership with KNAC into the arena of field operations and will seek to undertake low-impact site activities in October.
The company notes KNAC’s observer staff will accompany its team throughout the proposed first-pass, low-impact exploration campaign, which is expected to last around 10 days.
It is Western Yilgarn’s belief it will uncover not only areas of geological significance but areas or items of cultural significance across the project tenements.
Shares in Western Yilgarn were up 18.6% to $0.26 as of midday AEST on Wednesday 23 August.
Speaking on the finalisation of site access, Western Yilgarn Chairman Peter Lewis says: “We are delighted to see our agreement with KNAC progressing to a collaborative level in the field.
“Both Sylvania exploration leases can now have a low-impact exploration program completed in collaboration with KNAC observer staff“
Both Sylvania exploration leases can now have a low-impact exploration program completed in collaboration with KNAC observer staff. This is particularly noteworthy as it successfully fulfils the requirements of both KNAC and Western Yilgarn with regard to low-impact exploration activities.”
This announcement follows the discovery of multiple new targets at the company’s Bulga Project in Western Australia, as announced by Western Yilgarn yesterday.
The company reported that the targets comprise 3 lithium-caesium-tantalum (LCT) pegmatite targets, 5 nickel-copper-platinum-palladium (Ni-Cu-PGE) targets, and 1 lower-order gold (Au) target. These targets are expected to be validated in-field ahead of planning for staged exploration.
Western Yilgarn is an ASX-listed explorer dedicated to pursuing early-stage exploration opportunities, with a ‘strong’ focus on green metals.
The company’s Sylvania project is located in the Pilbara region of Western Australia, about 70km southeast of the regional mining town of Newman. The project comprises 2 non-contiguous exploration leases for a total land area of 370km-square.
Write to Adam Drought at Mining.com.au
Images: Western Yilgarn
