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Explorer McLaren Minerals (ASX:MML) is about to kick off a major drilling campaign at the McLaren deposit, as part of the company’s plan to significantly expand the Western Australian titanium project.
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McLaren’s managing director, Simon Finnis, said the impending campaign is an important step toward development and strengthening the technical foundation required for future reserve evaluation and economic studies.
It also comes at a time when McLaren has lodged several applications to increase its footprint at the namesake project. Five applications have been lodged covering an area of approximately 178 square kilometres, with the total tenement package, once granted, set to cover a total area of 512 sq. km.
Mr Finnis said that at 529M tonnes, McLaren already hosts a substantial JORC 2012 mineral resource; upcoming drilling is designed to enhance classification confidence, provide data for future reserve assessment and expand the resource.
“Our existing and very substantial resource base means this program is about de-risking by elevating the McLaren deposit into higher confidence categories while also unlocking further opportunities to scale up the development plan,” he explained.
“The structured approach to classification upgrade and extension drilling positions the project strongly for its next phase.”
A major focus of the upcoming campaign will be deeper drilling through the main part of the deposit to confirm whether there is continuity of the high-grade lens, and the outcome of exploratory drilling into the potential eastern shoreline.
“With established scale and demonstrated continuity, the company is now progressing decisively toward higher confidence classification and targeted growth to support the bankable feasibility study,” Mr Finnis said.
Drilling results are expected from late March CY26.
MML is up +4.76%, to 2.2c.
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