The Penfold Nickel Project covers an area of 357 square kilometres located between Kalgoorlie and Kambalda and approximately 550 kilometres east of Perth, Western Australia. The project tenements cover a number of structurally attenuated ultramafic sequences of the Coolgardie and Kambalda geological domains. Historic nickel intercepts are reported for the Abattoir prospect and the project lies 2.7 kilometres north and along strike of the Wildcatters nickel deposit.

Approximately 40% of the identified ultramafic stratigraphy has been surveyed by moving loop EM, resulting in the discovery of a number of conductors.

ABATTOIR

  • Disseminated nickel sulphide mineralisation has been confirmed at the hangingwall ultramafic contact of the Abattoir prospect, including intersections of 6m at 0.46% Ni from 90m (LAPC001) and 10m at 0.47% Ni from 50m (LAD001).
  • Geochemical anomalies reported at surface and in drill holes within the ultramafic have not been tested at depth e.g. 16m at 0.98% Ni from 44m (DDHAU2); 26m at 1.65% Ni (PDH8). Recent RAB drilling reported a best intersection of 27m at 1.29% Ni and 680ppm Cu from surface (LPR0181).

MOUNT MARION NORTH

  • Historic surface auger sampling reported an area of anomalous Cu associated with the ultramafic sequence
  • EM identified numerous conductors; the most significant being a series of overlapping conductors having a combined length of 500m, adjacent to the interpreted ultramafic contact
  • Drill testing of the southernmost and shallowest conductor intersected dolerite and gabbro bearing disseminated Fe sulphides with trace amounts of pentlandite and chalcopyrite identified by petrography. This drill test is not regarded as a conclusive test of the EM anomaly as no massive or stringer style mineralisation or other conductive unit was identified in the hole.

WILDCATTERS NORTH

  • EM completed over 4.5 kilometres of a potential +9 kilometres of strike
  • RAB drilling identified sulphidic shale as the likely source of the conductor at Wildcatters North. However the eastern ultramafic sequences in general have received limited nickel-focused drilling