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Western Yilgarn (ASX: $WYX) expands Ni-Cu-PGE targets in drilling program

Overview of Western Yilgarn's Phase 4 Drilling Program


Western Yilgarn NL (ASX: $WYX) has successfully expanded its Phase 4 drilling program at the Ida Holmes Junction Project in Western Australia. The program has identified 2 new high priority Ni-Cu-PGE targets and extended existing targets, increasing the overall project potential. The company has also awarded a Phase 1 Airborne electromagnetic (AEM) survey for further exploration, demonstrating the progress and commitment to advancing the project.

Executive Commentary on Phase 4 Drilling Program


We are delighted to see extensions confirmed and new targets added from our grass roots exploration campaign. The identified Cu-Ni-PGE and LCT pegmatite prospectivity in the lease to the immediate north continued right down to the boundary of the recently granted lease E36/1066. The now completed Phase 4 auger program in E36/1066 has added 2 Ni Cu PGE targets to the existing 24 targets whilst extending other targets with Cu measured up to 714ppm which is a very good return in terms of soil geochemistry. The AEM survey in now scheduled to commence in May and we look forward to consolidating the Auger Geochem information and the resulting AEM information into an accurately targeted RC drilling campaign.

Summary of Phase 4 Drilling Program and Future Plans


Western Yilgarn NL (ASX: $WYX) has successfully expanded its Phase 4 drilling program at the Ida Holmes Junction Project, identifying 2 new high priority Ni-Cu-PGE targets and extending existing targets. The company has demonstrated its commitment to further exploration by awarding a Phase 1 Airborne electromagnetic (AEM) survey and planning a Maiden 5,000m Aircore/RC program. The project's strategic location near world-class nickel and gold operations, along with the planned exploration activities, positions Western Yilgarn for continued growth and potential future developments in the mining sector.

WESTERN YILGARN NL
WYX | ASX | Materials
0.029-0.001(-3.33%)
At close 05/07 (AEDT)
Market cap
$3.0M
Volume
200,296
DY Yield
0
PE Ratio
0
52 Week Range
0.028 - 0.28
1YR Return
61.111%

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