Lycaon Resources embarks on West Arunta exploration

Lycaon Resources (ASX:LYN) has commenced earthworks at the West Arunta Project. This marks the beginning of their maiden drilling program targeting the Stansmore magnetic anomaly. The focus is on niobium-rare earth elements and Iron Oxide Copper-Gold deposits. The project is backed by a co-funding grant from the Western Australian Exploration Incentive Scheme, covering up to $180,000 of drilling costs.

Outlook and future potential of the West Arunta Project

Lycaon Resources is advancing its West Arunta Project by commencing earthworks for a maiden drilling program. The focus is on the Stansmore magnetic anomaly, a high-priority target rich in niobium-rare earth elements and Iron Oxide Copper-Gold. The project benefits from a $180,000 grant from the Western Australian Exploration Incentive Scheme. With historical exploration by BHP Minerals Limited and recent geophysical insights suggesting the potential for significant mineral deposits, Lycaon Resources aims to leverage nearby successful discoveries to enhance the project's value. The company is committed to exploring this geologically promising but underexplored region.

Technical director shares insights on West Arunta Project

We are excited to begin drilling at West Arunta with the aim of making a significant discovery similar to WA1 and Encounter Resources. The area shows potential for Nb-REE mineral systems, and successful discoveries nearby enhance its exploration appeal.