Jimberlana Project
Last updated
Last updated
The location of tenement E63/1781 and E63/1893: The project is situated approximately 700 km east of Perth and about 40 to 110 km west of Norseman in the Goldfields region on the Yilgarn Craton of Western Australia.
Area Covered: E63/1781 covers 177.3 km². E63/1893 covers 75.6 km².
The Jimberlana Project, was initially geared towards an Initial Public Offering (IPO) on the Australian Securities Exchange (ASX) in September 2023. This project, which has shown promising potential for significant mineral resources including nickel, cobalt, and lithium, aimed to capitalize on its strategic geological positioning to attract investment. However, the planned IPO did not proceed as anticipated due to liquidity constraints within the Australian capital markets at the time, which impacted the ability to raise the necessary funds.
In a strategic pivot to realize the value of this high-quality asset, the project is now introducing to the Asteroid X platform. This move is aimed at leveraging alternative financing avenues and accessing a broader investment base, thereby ensuring the project's advancement and success in a more favorable financial environment.
Project Highlights:
According to Annual Technical Report Summary (2022-2023) for the Jimberlana Project (E63/1781 and E63/1893, combined reporting number C263/2022), Norseman Region, Western Australia.
Confirmed an inferred resource of nickel laterite to JORC 2012 standards, quantified at 9.25 Mt with 0.81% Ni and 0.051% Co, demonstrating a significant potential for resource expansion.
Completed two four-meter deep cored drill holes, with assays confirming the presence of nickel and cobalt at expected grades.
Detected anomalous nickel in soil, indicating potential for resource expansion beyond the current laterite boundaries.
Highlighted untapped sulphide potential beneath surface enrichments of nickel and copper.
Identified the Jimberlana Dyke as a composite intrusive system of considerable width, suggesting potential for various mineral types including nickel, cobalt, lithium, and rare earth elements.
The Jimberlana Project, stands as a prime example of a mineral exploration venture that combines significant geological potential with strategic resource management to capitalize on critical minerals like nickel, cobalt, lithium, and rare earth elements. The summary highlighting its intrinsic value and advantages, the Jimberlana Project thus represents a highly promising mining venture that not only promises significant returns on investment but also aligns with global advancements in sustainable mining practices and critical mineral recovery.
