Granted South Australian tenements located within the Gawler Craton comprise 96km², prospective for Gold, Heavy Mineral Sands and Rare Earths
Overview
- Granted tenements comprise 96km², prospective for Gold, Heavy Mineral Sands and Rare Earths
- EL7054 is located only 14km from Petratherm Limited (ASX:PTR) Muckanippie heavy mineral sands project and sits directly adjacent to PTR’s Artemis rare earth prospect
- EL7060 is located over the only other known occurrence of an Anorthosite Suite, which is thought to be critical for the formation of heavy mineral sand deposits
Figure 1: Tenement Locations within the Gawler Craton
EL7054
EL7054 is located ~100km south of Coober Pedy, within the northern Gawler Craton of South Australia. The tenements cover a combined area of 27km2, located approximately 14 kilometres north-east of PTR’s recent discovery. In addition, the tenements are located directly adjacent to PTR’s Artemis Rare Earth prospect (see Figure’s 2 and 3 below). Recent discoveries of neighbouring tenement holders Petratherm (ASX:PTR) and Marmota (ASX:MEU) have created a renewed focus on titanium, gold, REEs and platinum group minerals (PGMs).
Figure 2: Tenement Location in relation to the Muckanippie Heavy Mineral Sands Prospects
Figure 3: Tenement Location adjoining PTR’s Rare Earth Prospects
EL7060
The project encompasses a combined area of 69km2, and is located 15 kilometres south of Tarcoola, within the Gawler Craton. EL7060 adjoins the only other known occurrence of an Anorthosite Complex within the Gawler Craton, other than the ground held by PTR. EL7060 is located circa seven (7) kilometres from Indiana’s (ASX:IDA) Boomerang Prospect and approximately 15 kilometres south of Barton Gold’s (ASX:BGD) Perseverance Prospect (see Figure 4 below). The tenements are proximate to substantial surrounding deposits, being prospective for Proterozoic gold occurrences and titanium rich mineral sands.
Figure 4: EL7060 Tenement Location with adjoining Prospects
