GASCOYNE PROJECT
- The Gascoyne Project is located in the Gascoyne Province of Western Australia, 750km to the north‐northeast of Perth, 280 km to the east of Carnarvon and 250km northwest of Meekatharra. The Gascoyne Project is comprised of four (4) granted exploration licences for an area of 186 km2 and an option to acquire another large adjacent exploration licence (157 km2) which would bring the total tenure area to 343 km2.
- The Gascoyne Project tenements, acquisition option Liconi Pty Ltd (ACN 659 406 167) (“ ‐locked position surrounded by ASX listed explorers including Spartan Resources Ltd, Delta Lithium Liconi”). The Companies were quick to secure prospective ground in this Ltd, Reach Resources Ltd, Dreadnought Resources Ltd, Buxton Resources Ltd, Hastings Technology Metals Ltd and Cosmos Exploration Ltd. These companies are exploring for gold, PGE>s, critical minerals (including REE>s and lithium) and base metals.
- The Gascoyne Project has the potential to host critical and precious minerals which includes gold, lithium, rare earth elements, nickel‐cobalt, copper and precious metals including gold and platinum group elements (PGE>s). These commodities provides the essential minerals for the world>s transition to Net‐Zero carbon emissions target by 2050. Mineralisation has been identified on the Gascoyne Project through our proven advanced internal data mining process of historical exploration data and other geological and geophysical datasets.
- GOLD
The Gascoyne Project is along strike to the northeast from the Glenburgh gold deposits totalling 1 million ounces gold owned by Gascoyne Resources Ltd (ASX: GSY). The same faults and geology of the Glenburgh gold deposits are emplaced within the Gascoyne Project. Historical surface sampling within the Gascoyne Project shows significant gold‐in‐soil mineralisation with 53 samples assaying > 100ppb gold (up to 1,860ppb gold in soils). Several drill targets could quickly be defined from current mineralisation. - RARE EARTH ELEMENTS
Prospective zones utilising geology, geophysics and remote sensing data has shown the Gascoyne Project offers potential for discovery of rare earth elements. Neighbouring ASX listed companies are also exploring for rare earth elements and other critical minerals. - GALLIUM
The Company has identified high grade Gallium within its Gascoyne Project assaying up to 88.6 g/t Ga2O3 and other industry, with production dominated by China (98%) and is now has an extremely high supply risk. Gallium is a critical mineral essential to the electronics - LITHIUM
The Gascoyne Project has outcropping pegmatites with the potential to host fertile lithium‐cesium‐tantalum (LCT) pegmatites mineralisation. - NICKEL‐COBALT, COPPER and PGE’s
The Gascoyne Project hosts significant strike lengths of deep‐seated structures including the Cardilya Fault and Deadman Fault/Shear Zone. There are historical copper deposits and occurrences located within close proximity to the Gascoyne Project. GSWA completed an Aerial Electromagnetic (AEM) survey with 14 lines of the AEM survey intercepting the Gascoyne Project with in excess of 135 flight line kilometres. There are a number of EM conductor anomalies identified within the Gascoyne Project.
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LITHIUM AND NICKEL
INFORMATION AND GEOLOGICAL TARGETING FOR LCT PEGMATITES
Lithium (Li) has a bright future, although future global demand for lithium is difficult to forecast, most projections have increasingly positive trends with expectations to exceed 25 times the current level of demand. The primary growth in demand has and will be driven by the use of lithium in rechargeable batteries, not only for electronic devices but also for electric vehicles and storage of renewable and other energies. Australia is well placed to meet this demand, with many hard‐rock, pegmatite‐hosted lithium resources, largely located in Western Australia. These include the producing Greenbushes Mine, the newly or soon‐to‐be producing Pilgangoora, Mount Cattlin, Early Grey, Mount Marion and Bald Hill deposits, plus other deposits with significant lithium resources and current exploration activities mostly by ASX listed companies.
LICONI’S LITHIUM PROJECTS HAVE THE RIGHT ATTRIBUTES TO HOST FERTILE LITHIUM PEGMATITES
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All tenements within the Gascoyne Complex have the right aged outcropping Archean granites (~2630 to ~2316 Ma).
- Outcropping pegmatites are located on virtually all tenements based on GSWA datasets and sampling (where available) and are also proximal to Archean age granit
- Methodology for targeting LCT lægmatites is based historical sampling mineralisation (i.e. mineralisation to include Muscovite, Biotite, K-Feldspar, Quartz, Apatite, Fluorite, Monazite, etc.) and specific minerals to include Lithium, Caesium, Tantalum, REES, Fluorine, Zirconium, Boron, Potassium, Beryllium, Tin, Tungsten, etc. and granite compositions include Leucogranites, Monzogranites, Granodiorite, etc.
Gascoyne Project ‐ Location
- The Gascoyne Project is located in Western Australia 750km north‐northeast of Perth, 280km to the east of Carnarvon
- Liconi Pty Ltd (acquisition option) E09/2739 (157.91 km2).
- Underlying pastoral station leases are Dalgety
- Most tenements have no native title requirements for exploration activities; otherwise partially under Indigenous Land Use Agreement (ILUA) requirements.
- All tenements are well outside the Mt Augustus
Excellent access to the Gascoyne Project:
- From Perth to Mullewa via Moora or Eneabba; then to Glenburgh/Landor via Murchison Roadhouse following the Carnarvon‐Mullewa Road and Dalgety Downs‐Glenburgh Road.
- From Meekatharra towards Glenburgh via Landor following the Landor‐Meekatharra Road
- Access into the tenements is then via pastoral station roads and tracks