- Wildcat Resources (WC8) applies for two exploration leases with nickel, copper and platinum group elements (PGE) potential
- The leases are located 190 kilometres west of Cue in Western Australia and cover an area of 285 squared kilometres
- These two leases will compliment Wildcat’s pipeline of quality exploration targets
- On market close, Wildcat was in the grey, trading at 2.6 cents per share
Wildcat Resources (WC8) has applied for two exploration leases with nickel, copper and platinum group elements (PGE) potential.
The leases cove 285 squared kilometres and contain at least seven discrete magnetic anomalies ranging from two to five kilometres in length.
The two leases, E09/2526 and E59/2553, are located 500 kilometres north of Perth and 190 kilometres west of Cue in Western Australia.
If awarded, the two leases will compliment Wildcat’s pipeline of quality exploration targets.
Wildcat’s strategy is to purchase quality exploration projects and progress its targets.
CEO Samuel Ekins is pleased with the application.
“This is an excellent application that will complement Wildcat’s pipeline of quality gold and base metal exploration targets,” Mr Ekins said.
“The applications contain compelling discrete geophysical anomalies consistent with the mineral systems model for layered mafic intrusions. These conceptual intrusions can be directly targeted and rapidly assessed with geochemical analysis via soil sampling and aircore drilling.”
On market close, Wildcat was in the grey, trading at 2.6 cents per share.