Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Wildcat Resources (WC8) applies for two exploration leases with nickel, copper and platinum group elements (PGE) potential
  • The leases are located 190 kilometres west of Cue in Western Australia and cover an area of 285 squared kilometres
  • These two leases will compliment Wildcat’s pipeline of quality exploration targets
  • On market close, Wildcat was in the grey, trading at 2.6 cents per share

Wildcat Resources (WC8) has applied for two exploration leases with nickel, copper and platinum group elements (PGE) potential.

The leases cove 285 squared kilometres and contain at least seven discrete magnetic anomalies ranging from two to five kilometres in length.

The two leases, E09/2526 and E59/2553, are located 500 kilometres north of Perth and 190 kilometres west of Cue in Western Australia.

If awarded, the two leases will compliment Wildcat’s pipeline of quality exploration targets.

Wildcat’s strategy is to purchase quality exploration projects and progress its targets.

CEO Samuel Ekins is pleased with the application.

“This is an excellent application that will complement Wildcat’s pipeline of quality gold and base metal exploration targets,” Mr Ekins said.

“The applications contain compelling discrete geophysical anomalies consistent with the mineral systems model for layered mafic intrusions. These conceptual intrusions can be directly targeted and rapidly assessed with geochemical analysis via soil sampling and aircore drilling.”

On market close, Wildcat was in the grey, trading at 2.6 cents per share.

WC8 by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.