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- WA1 Resources (WA1) intercepts highest grade of niobium from West Arunta project in Western Australia to date
- The hits were discovered 500 metres southwest of previous drill holes, with results including ten metres at 8.3 per cent niobium and eight metres at three per cent niobium
- The shallow, high-grade niobium mineralisation extend over more than a kilometre, showing potential to host multiple commodities
- WA1 is focused on infill drilling ahead of releasing a maiden mineral resource estimate in Q4 FY23
- WA1 jumped 31.3 per cent trading at $6.16 at 3:40 pm AEST
WA1 Resources (WA1) has intercepted the highest grade of niobium at its West Arunta project in Western Australia’s north east to date.
The hits were discovered 500 metres southwest of previous drill holes at the Luni carbonatite, with assays including ten metres at 8.3 per cent niobium pentoxide and eight metres at three per cent niobium pentoxide.
The shallow, high-grade niobium mineralisation spread over more than a kilometre, with assays displaying potential for Luni to host multiple commodities.
“These latest assay results now demonstrate that Luni has a large and extremely high-grade niobium footprint which we are working to extend further,” WA1 Managing Director Paul Savich said.
“This is an extremely positive first step as we develop metallurgical test work programs to determine the optimal potential process route.”
This comes only weeks after the company secured $10 million from Regal Funds Management for the project, with WA1 having a total of $20 million cash in hand after its completion.
WA1 is now focused on infill drilling ahead of releasing its maiden mineral resource estimate in Q4 FY23.
WA1 jumped 31.3 per cent trading at $6.05 at 3:40 pm AEST.
