RC drill rig at West Arunta. Source: WA1 Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • WA1 Resources (WA1) begins its maiden drilling program at the West Arunta Project in Western Australia
  • Drilling will focus on the Pachpadra and Luni prospects with the aim to assess the areas for host mineralisation and test the peak gravity and magnetic highs
  • Six reverse circulation holes will be drilled to depths ranging between 240 to 400 metres with work expected to take roughly three weeks
  • WA1 will use a $150,000 grant from the Western Australian Department of Mines, Industry Regulation and Safety to drill the P1 and P2 targets at Pachpadra
  • WA1 ends the day 7.69 per cent in the green with shares trading at 14 cents

WA1 Resources (WA1) has begun its maiden drilling program at the West Arunta Project in Western Australia.

Drilling will focus on the Pachpadra and Luni prospects with the aim to assess the areas for host mineralisation.

Four reverse circulation (RC) holes will be drilled at Pachpadra and two RC holes will be drilled at Luni to test each of the peak gravity and magnetic highs associated with large geophysical anomalies.

The holes will be drilled to depths between 240 to 400 metres and drilling is expected to take roughly three weeks.

Results will be announced once assays have been received for all holes.

WA1 will use a $150,000 Exploration Incentive Scheme grant from the Western Australian Department of Mines, Industry Regulation and Safety to drill the P1 and P2 targets at Pachpadra.

“We have now commenced the first drill testing of significant geophysical anomalies in a region which has seen extremely limited exploration and where potential remains to make a major discovery,” Managing Director Paul Savich said.

“We have systematically advanced our understanding of the West Arunta Project over the
past four years with a focus on acquiring complementary datasets. This work has reinforced the relevance of our exploration model and provided the confidence to undertake our maiden drilling program.”

WA1 has ended the day 7.69 per cent in the green with shares trading at 14 cents.

WA1 by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.