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WA1 Resources (ASX:WA1) has significantly expanded the known mineralisation at the Luni niobium project in Western Australia with further positive drilling results.
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Explorer MD Paul Savich said the latest diamond drillholes have confirmed the continuity of high-grade niobium mineralisation and provided increased definition of the geometry, thickness and grade in the southern area of the project.
“These drill results represent further exceptional intersections within a coherent blanket of mineralisation in the south of Luni and continue to increase definition of the highest-grade zones,” Mr Savich explained.
“More broadly, site activities in 2025 collected high-quality, diversified datasets to inform our project development studies, permitting and approvals workstreams.
“This is providing greater insight into fundamental aspects of the project and is allowing more detailed development decisions.”
The new results will now be incorporated into the next Luni mineral resource estimate (MRE). WA1 has now completed 85,000 metres of drilling at Luni since it was discovered in the company’s first drill program at its West Arunta project in Western Australia’s far north in November CY22.
More recently, in CY25, an extensive drilling campaign of 35,000 was completed at Luni with a combination of diamond, air core (AC) and mud rotary methods.
The recent diamond drilling was designed to support resource definition and strengthen confidence in the niobium mineralisation within the current MRE.
At the same time, WAI completed AC drilling to test for extensions in the eastern area, proximate to the boundary of the current MRE.
Many step-out AC drillholes defined meaningful high-grade niobium mineralisation extending beyond the MRE envelope. The WA company has also identified significant potential for primary mineralisation in a deeper, unweathered zone, which it plans to test in future drilling programs.
WA1 is now preparing to re-commence drilling at Luni as it continues to focus on upgrading resource definition, geotechnical, and metallurgical workstreams.
Price-wise, WA1 is steady at $17.52 today.
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