-1200x645-800x430.jpg)
- First assays received from mineral resource upgrade drilling.
- Initial results confirm broad zones of heavy mineral mineralisation.
- 55% of reported intersections returned significant grades.
- Drilling confirms continuity of both upper and lower mineralised strand systems.
McLaren Minerals (ASX:MML) has received significant first assay results from an ongoing 13,000-metre resource upgrade and expansion drilling campaign at the McLaren titanium project in Western Australia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The drilling program was designed to increase confidence in the company’s existing mineral resource, support future ore reserve estimation, and build a feasibility study. It’s also assisting in assessing asset growth opportunities.
Initial assay results received from drilling completed in the north-eastern section of the deposit have confirmed broad zones of heavy mineral mineralisation and support the company’s current geological model.
To date, 334 drill holes have been completed for 6,036 metres, representing substantial progress toward the planned McLaren drilling program.
Results received so far include multiple thick, near-surface intersections of heavy mineralisation, with 55% of reported intersections grading greater than 4.0% heavy minerals and 87% grading greater than 2.0% HM.
McLaren’s MD, Simon Finnis, said, importantly, drilling has confirmed continuity of both upper and lower mineralised strand systems within the targeted drilling area, providing additional confidence in the geological framework underpinning the company’s mineral resource upgrade strategy.
“These first assay results are exactly what we wanted to see from this stage of the program,” he said. “The drilling is confirming good thicknesses and grades across the areas targeted for resource upgrade, while also giving us a much better understanding of the continuity of mineralisation throughout the deposit.”
He continued: “I am particularly pleased to see the lower mineralised strand continuing through the drilling area, as this was one of the key geological questions we wanted to answer through the program.”
With more than 6,000 metres completed and drilling rates now increasing significantly, McClaren is building a strong dataset to support the next resource update, future reserve work and progression of the BFS.
Elsewhere, a heritage survey covering the eastern shoreline target area has now been completed, with the final report expected shortly. Following receipt of the report, the remaining planned drill traverses are expected to become available for drilling. Based on current drilling and anticipated timelines, the company now expects phase two to be completed during early July CY26.
MML is up +7.14% to 1.5¢. Mkt cap $5.763M.
Join the discussion: See what HotCopper users are saying about McLaren Minerals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.