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Octava Minerals (ASX:OCT) has joined the rush of microcap explorers throwing their hat in the antimony ring following Chinese export curbs.
That comes on the back of program of works application approvals from the WA mining department, greenlighting Octava’s geotechs to descend upon 4 separate priority antimony targets on-site.
Rock chip sampling and general mapping fieldwork is underway at present with a drilling campaign planned for selected targets – fieldwork results willing – also addressed in the POW approval handed to Octava on Thursday.
To that end, heritage negotiations are underway Octava reported on Thursday, with “relevant groups to clear the path for drilling to commence.”
Located 220km northeast of Geraldton spanning two licences, Octava is hopeful it can turn Yallagong into a high-impact asset sitting on its books. A local shear zone is – naturally – of interest.
The addition of this latest antimony project to Octava’s portfolio makes it a polymetals explorer well and truly – it has other landholdings prospective for gold, rare earths, gold, and nickel.
Octava raised $1M earlier this month to gear up for exploration works associated with the project.
OCT last traded at 13cps.
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