Exploration Strategy for Carbonatite at the Nexus Project in the West Arunta Region

Jul 31, 2024

Australian Potash Limited (ASX: APC) provides a preliminary exploration review for its 100% owned Nexus Project in the promising carbonatite-niobium-rich West Arunta region of Western Australia. The exploration strategy relies on gravity and magnetic survey data, which reveal anomalous signatures typical of carbonatite formations.

Key highlights include the interpretation of open-file magnetic, radiometric, and elevation data that indicate Neoproterozoic host rocks favorable for niobium and rare earth element (REE) carbonatite as well as iron-oxide-copper-gold (IOCG) mineralization. Broad-spaced gravity data has identified anomaly highs associated with prospective Neoproterozoic bedrock. The company plans on-ground rock-chip sampling, geochemical analysis, and further gravity and magnetic surveying to pinpoint drill targets for niobium-REE carbonatites and IOCG deposits, pending the completion of a Land Access agreement.

 

 

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