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Norwest Minerals (ASX: $NWM) identifies critical mineral targets in West Arunta

Norwest Minerals identifies multiple critical mineral targets in West Arunta


Norwest Minerals Limited (ASX: $NWM) has confirmed the identification of multiple critical mineral targets, 'Malibu' and 'Duck', from gravity, magnetic, and soil sample analysis across tenement E80/5031. These zones host a number of large, priority-one drill targets defined by coincident gravity-magnetic highs and associated IOCG geochemical anomalies. The company is planning a drill program to test the new target areas.

Executive Commentary on West Arunta Geophysical and Geochemical Studies


The combination of anomalous gravity, magnetics, and surface geochemistry provides a high level of confidence for our drill planning work. From the new gravity and recent magnetic analysis, Norwest has identified zones 'Duck' & 'Malibu' as hosting several large priority-one drill targets. The similarities between Norwest's Malibu target and WA1's Luni niobium discovery are very promising. Norwest plans to be back in the field next quarter. Also as discussed in the recent Bulgera Gold Update, planning to drill test the large near mine gold oxide targets is progressing with Norwest scheduling the fieldwork to commence asap. - Mr. Charles Schaus, CEO of Norwest Minerals

Summary of Norwest Minerals' West Arunta Announcement


Norwest Minerals (ASX: $NWM) has identified multiple critical mineral targets, 'Malibu' and 'Duck', from gravity, magnetic, and soil sample analysis. The company is planning a drill program to test the new target areas. The recent geophysical and geochemical studies underpin high priority drill targets, with the identification of 31 new critical mineral targets across the West Arunta tenements package. The primary recommendation for follow-up exploration was the acquisition of high-resolution gravity data, which has led to the identification of 'Malibu' and 'Duck' as large priority-one critical mineral targets. Norwest's ambitions in the West Arunta region are supported by the acquisition of four new tenements, strategically located adjacent to existing holdings. The company's established exploration efforts and the majority of the tenements being covered by fully executed Land Access Agreements demonstrate a strong foundation for future developments. Norwest Minerals remains focused on its highly prospective West Arunta ground holding and is committed to further exploration and testing of critical mineral targets.

NORWEST MINERALS LIMITED
NWM | ASX | Materials
0.03-0.002(-6.25%)
At close 05/07 (AEDT)
Market cap
$12.4M
Volume
181,451
DY Yield
0
PE Ratio
0
52 Week Range
0.023 - 0.077
1YR Return
N / A

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