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WAT Resources (ASX: $WA1) unveils significant niobium discovery in Western Australia

WAT Resources (ASX: $WA1) Unveils Niobium Discovery in Western Australia


WAT Resources Ltd (WA1) has announced a significant niobium discovery in Western Australia, marking a major milestone for the company. The discovery comprises two high-grade niobium findings in a world-class mining jurisdiction, positioning WAT Resources as a key player in the critical mineral market. The company's ongoing regular assay results and extensional drilling have led to the identification of a shallow, high-grade zone of enrichment, with further untested drill-ready targets. WAT Resources is also progressing with initial mineral resource estimates expected in Q2-2024, along with metallurgical testwork programs and development and permitting workstreams.

Executive Commentary on Niobium Discovery


The company's Managing Director, Paul Savich, expressed excitement about the significant niobium discovery, stating, 'We are thrilled to unveil these high-grade niobium discoveries, which underscore the potential of the West Arunta Project. The ongoing positive assay results and extensional drilling have provided us with a deeper understanding of the project's mineral potential. We are committed to advancing our exploration and development activities to capitalize on the opportunities presented by this discovery.'

Summary of Niobium Discovery and Outlook


WAT Resources' unveiling of a significant niobium discovery in Western Australia marks a pivotal moment for the company, positioning it as a key player in the critical mineral market. The ongoing regular assay results and extensional drilling have revealed a shallow, high-grade zone of enrichment, with further untested drill-ready targets, offering substantial exploration upside. With initial mineral resource estimates expected in Q2-2024 and metallurgical testwork programs underway, WAT Resources is well-positioned to capitalize on the potential of the West Arunta Project. The company's ambitions to advance its exploration and development activities reflect a positive outlook for the future, underlining its commitment to maximizing the opportunities presented by this significant niobium discovery.

Sourcehttps://announcements.asx.com.au/asxpdf/20240118/pdf/05zjqj0b1g0mzk.pdf

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