Join our daily newsletter At The Bell to receive exclusive market insights
- Enegex (ENX) has been awarded an additional eight exploration licences in the South West Terrane in WA
- The company now has 18 granted licences across 3460 square kilometres as part of its South West Terrane
- ENX is targeting high-grade nickel, copper and platinum group elements mineralisation within the terrane
- The areas haven’t been extensively tested for the base and precious metals, but are located near Chalice Mining’s (CHN) Jupiter Nickel, Copper and Platinum group Elements Project
- The company is now carrying out a desktop study of all of the tenements to help generate exploration targets
- Shares in ENX are trading 18 per cent in the green at 7.2 cents per share
Enegex (ENX) has been awarded an additional eight exploration licences in the South West Terrane in Western Australia.
The exploration company now has 18 granted licences across 3460 square kilometres as part of its South West Terrane.
It’s made up of five different areas, with another two remaining application areas pending.
Enegex is targeting high-grade nickel, copper and platinum group elements mineralisation within the South West Terrane.
The terrane’s different areas haven’t been extensively tested for the base and precious metals, however, they are located near Chalice Mining’s (CHN) Jupiter Nickel, Copper and Platinum group Elements Project.
ENX is targeting “Julimar style” mineralisation across its own terrane, as regional geophysical and geological data shows the areas to be similar.
“We are excited that most of our South West Terrane tenement applications have been granted, thus providing Enegex with a significant exploration footprint in the emerging “Julimar geological region”,” Enegex Chairman Geoff Albers said.
The company is currently undertaking a desktop study of all of the tenements so it can generate targets for exploration testing.
Shares in Enegex are trading 18 per cent in the green following today’s announcement, at 7.2 cents per share at 1:36 pm AEDT.
