AI assistant
WA1 RESOURCES LTD — Capital/Financing Update 2022
Dec 12, 2022
66031_rns_2022-12-12_225dfff9-7db5-43e8-95fc-4d1bfed36bf7.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [596 x 84] intentionally omitted <==
----- Start of picture text -----
ASX RELEASE
----- End of picture text -----
13 DECEMBER 2022
WEST ARUNTA PROJECT HIGH-GRADE WEATHERED NIOBIUM-TANTALUM ZONE AT P2
Highlights
P2 Target
-
Single metre assay results for the P2 discovery hole (PARC003) received, including 0-74m depth which were not previously reported
-
Confirmation of weathered, enriched high-grade Niobium-Tantalum mineralisation in the previously unreported drillhole zone:
12m at 0.66% Nb2O5, 0.62% TREO[1] , 208ppm Ta2O5
from 61m including
5m at 0.90% Nb2O5, 0.76% TREO, 290ppm Ta2O5
from 65m
- Key primary intersection:
54m at 0.62% Nb2O5, 0.17% TREO, 54ppm Ta2O5
from 162m and ending in
1m at 1.72% Nb2O5, 0.23% TREO, 4ppm Ta2O5
-
Grades in the weathered, enriched zone of up to 1.12% Nb2O5, 1.05% TREO and 431ppm Ta2O5
-
Grades in the transitional and primary zones of up to 1.72% Nb2O5, 1.15% TREO and 649ppm Ta2O5
-
Opens significant potential for lateral and vertical zonation of mineralisation within P2 which occurs at world-class carbonatites such as Mt Weld
-
These single metre assays are in line with, or improve upon, previously reported 4m composite assays below 74m depth (refer to ASX announcement dated 26 October 2022). Single metre phosphorous assays not yet received
Upcoming Results and Activity
-
Single metre assays from Luni currently anticipated late-January 2023
-
Gravity infill and passive seismic surveys currently underway at the P2 and Luni targets to inform 2023 drill planning
==> picture [596 x 11] intentionally omitted <==
WA1 RESOURCES LTD | ABN: 51 646 878 631 | WWW.WA1.COM.AU | ASX: WA1 WA1 RESOURCES LTD | ABN: 51 646 878 631 | WWW.WA1.COM.AU | ASX: WA1 A: L2 55 CARRINGTON ST NEDLANDS WA 6009 P: +61 8 6478 7866 E: [email protected] A: 2C LOCH ST, NEDLANDS WA 6009 P: +61 8 6478 7866 E: [email protected]
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
-
Results from recently completed airborne electromagnetic surveys at the West Arunta Project and Hidden Valley Project anticipated January 2023
-
Detailed assessment of results and planning for follow-up exploration programs at the P2 and Luni carbonatite discoveries is ongoing
WA1 Resources Ltd (ASX: WA1) ( WA1 or the Company ) is pleased to announce single metre assay results from the P2 discovery hole (PARC003) completed during the maiden West Arunta Project drilling program in August. This announcement follows on from the P2 4m composite assays released to the ASX on 26 October 2022.
WA1’s Managing Director, Paul Savich, commented:
“The identification of a high-grade zone of weathered enrichment above the previously assayed mineralised zone at P2 enhances the discovery and provides an additional shallow target for exploration in 2023.
“Of particular interest is the substantial increase in tantalum and Rare Earth Element anomalism within this weathered portion of the drillhole. This suggests potential for both lateral and vertical zonation of mineralisation within the P2 carbonatite system such as that which occurs at world-class carbonatite deposits, for instance Mt Weld.
“In addition, the primary and transitional material hosts some very-high niobium grades, with the hole ending in the best grade we’ve seen at P2, so whilst it’s early days, the possibilities for this discovery remain very much open.
“Our current geophysical exploration activities are improving the resolution of our gravity data, as well as collecting new passive seismic datasets at both P2 and Luni, which will be fundamental to informing our 2023 drill program planning. We’re extremely excited about next year’s field program and will share details once aspects are finalised.”
==> picture [451 x 224] intentionally omitted <==
Figure 1: P2 Schematic Cross-section Schematics of gravity anomaly images (residual gravity with 2.68-2.77g/cc density shells)
==> picture [596 x 10] intentionally omitted <==
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
Technical Discussion
WA1’s maiden drill program in the West Arunta comprised seven holes for a total of 1,745 metres. Drilling provided an initial test of three target zones and discovered two mineralised carbonatite systems; one at the P2 target (in the Pachpadra Prospect area) and another at the Luni target (in the Sambhar Prospect area).
The assay results provided in this announcement relate to the 1m interval assays from the P2 target (drillhole PARC003).
Table 1: RC Collar Location (GDA94 Zone 52)
| Hole ID | Target | Easting | Northing | RL (m) |
Azimuth (Degrees) |
Dip (Degrees) |
Depth (m) |
|---|---|---|---|---|---|---|---|
| PARC003 | Pachpadra – P2 | 404816 | 7545043 | 401 | 180 | -60 | 216 |
P2 Target (Pachpadra Prospect Area) Discussion
The P2 target was drilled to test a semi-coincident gravity and magnetic anomaly which occurred west of a regionally significant northeast trending shear zone, considered prospective to serve as a structural fluid pathway.
==> picture [449 x 241] intentionally omitted <==
Figure 2: Plan View of the P2 Drill Collar Location
Combined gravity (resUC200m, colour) and magnetic (residual contours) anomaly images
Composite 4m assays received by the Company in October in relation to PARC003 confirmed the occurrence of a mineralised carbonatite intrusion and the 1m samples were then dispatched to the laboratory for assay. The results and geological context for the mineralisation are summarised below noting that phosphorus assay results are yet to be received.
The downhole geology intersected in PARC003 included 23m of ferruginous transported clays, followed by a sedimentary sequence of siltstone and sandstone, before transitioning
==> picture [596 x 10] intentionally omitted <==
Note 1: 'TREO’ is an abbreviation of Total Rare Earth Oxides, representing a combined group of 17 elements (La, Ce, Pr, Nd, Pm, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, Y, Sc)
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
into the carbonatite intrusion at 61m downhole. The weathering profile is moderate, with the lower saprolite boundary occurring at 74m and fresh rock intersected from 152m.
There is a clear correlation between the anomalous niobium-tantalum mineralisation and the appearance of the carbonatite intrusion at 61m downhole.
The highest niobium grade occurs in the last metre of the drillhole. Fresh mineralisation is associated with apatite and magnetite. The chip tray photo in Figure 3 below illustrates niobium grade intersections from 200m to 216m (EOH).
==> picture [452 x 120] intentionally omitted <==
Figure 3: Chip Tray with Nb2O5 Assay results annotated Refer to Table 2: Detailed Assay Results for full details
Preliminary Petrographic Analysis – P2 & Luni Targets
A limited selection of 19 drill chip samples from the recently completed drilling program were sent for preliminary petrographic analysis by A & A Crawford Geological Research Consultants. Eight samples from the three holes at Luni (LURC001, LURC002, LURC003) and five samples from the hole completed at P2 (PARC003) were examined petrographically, and outcomes were integrated with lithogeochemical data and microprobe analysis.
Analysis confirmed the presence of a calcio- and magnesio-carbonatite intrusive system(s) at the Luni target. The P2 intrusion is confirmed as a calcio-carbonatite, compositionally similar to the Luni calcio-carbonatite. The composition of the carbonatite may vary with lateral and vertical extent and these early observations are based on the limited drill data available to date.
The key niobium-bearing mineral identified in these carbonatites is pyrochlore, the same primary niobium mineral mined in the three largest active niobium mines globally (located in Brazil and Canada). Identifications of other minor accessory phases is ongoing.
The Company will build on this first-pass assessment by undertaking more detailed mineralogical and petrographic analysis of the carbonatite systems at P2 and Luni as part of the 2023 exploration program.
West Arunta Project – Upcoming Results and Activity
The 1m intervals from the three holes at Luni (LURC001, LURC002, LURC003) were submitted to ALS Perth in November with assay results currently anticipated to be received in late-January 2023. This includes results from previously unassayed shallower weathered portions of each of these three drillholes.
==> picture [596 x 10] intentionally omitted <==
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
To date geophysics, particularly gravity data, has served as a successful targeting tool for both carbonatite discoveries. An infill gravity survey is currently underway at both the P2 and Luni targets to further constrain the apparent dense nature of the carbonatites intersected. In addition, a passive seismic survey is currently being completed to better understand the regolith profiles. The results of both surveys will assist with constraining the initial target areas for the 2023 drill planning.
Carbonatite Overview
Carbonatites are a type of igneous rock defined by their composition, being rich in carbonate minerals, typically calcite or dolomite. They often occur as plugs within alkali intrusive complexes, or as dykes, sills, breccias or veins. They are generally associated with major crustal scale features in rift-related tectonic settings. Carbonatites may be mineralised with rare earth elements, niobium, tantalum, phosphorus, uranium, thorium, copper, iron, titanium, vanadium, barium, fluorine and zirconium.
The identification of mineralised carbonatite intrusions at both P2 and Luni is significant geologically for the West Arunta region. The Company has multiple untested exploration targets within the region and the potential for further discovery with future exploration efforts has been enhanced by the results from P2 and Luni.
Carbonatite deposits are an important source of REE and niobium production. This includes the world’s largest REE mine, Bayan Oho in Inner Mongolia, Lynas Rare Earths’ Mt Weld deposit and the world’s three major operating niobium mines.
Niobium Overview
Niobium (Nb) is a transitional metal used as a micro alloy with iron. Niobium is primarily used in the steel industry as the addition of small amounts of niobium (<1%) significantly increases the strength, decreases the weight, reduces corrosion and improves the heat resistance of steel products.
Niobium is a superconductor at very low temperatures, and as an alloy with titanium (NbTi) or tin (Nb3Sn), it produces superconducting magnets used in magnetic resonance imaging (MRI) scanners, nuclear magnetic resonance (NMR) equipment and particle accelerators, such as the Large Hadron Collider at CERN. Niobium is essential for advanced technology with additional uses in gas and wind turbines, space travel and in the manufacture of rechargeable batteries for electric vehicles.
The metal has been identified by the Australian Government and many other countries as a critical mineral due to the concentration of supply from Brazil. There are currently three niobium producers globally: CBMM, Araxa, Brazil (66ktpa production[3] , +500Mt at 2.5% Nb2O5 resource, cost <$10/kg Nb)[2] , China Molybdenum Co., Catalao, Brazil (10ktpa production[3] , +50Mt at 1% Nb2O5 resource, cost <$10/kg Nb)[2] and Magris Resources Inc., Niobec, Canada (7ktpa production[3] , +75Mt at 0.56% Nb2O5 resource, cost <$19/kg Nb)[2] .
The main niobium product sold is in the form of ferroniobium (~65% Nb) which makes up approximately 90% of the market. Niobium prices range from US$45,000/t[4] per tonne for
==> picture [596 x 10] intentionally omitted <==
3: NioCorp, Investors – Presentations, viewed 25 October 2022 https://secureservercdn.net/198.71.233.156/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Investor_Presentation.pdf
Note 2: NioBay Metals, Investors – Presentations, viewed 25 October 2022 http://niobaymetals.com/wp/wp-content/uploads/2021/05/202105_Niobay_Corporate_Presentation_.pdf
4: Globe Metals & Mining Limited, Niobium Markets – Pricing, viewed 24 October 2022 https://www.globemm.com/niobiummarkets
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
standard ferroniobium metal and over US$50,000/t[4] per tonne for niobium pentoxide (Nb2O5).
Tantalum Overview
Tantalum (Ta) is a transitional metal that is used in capacitors, resistors, superconductors and as a micro alloy. Tantalum’s use in electronics is due to the formation of a thin surface layer of tantalum oxide, making it resistant to corrosion and resulting in favourable dielectric properties. It is ductile, highly refractory (chemically inert and resistant to heat and wear), with a very high melting point making it useful as an alloy[5] . Tantalum and niobium share many properties and are also commonly found together.
As with niobium, tantalum has been identified by the Australian Government as a critical mineral as its supply is at risk of disruption, as well as being essential for advanced technology. The top five global tantalum producers in 2021[5] (including their annual production and global share of production respectively) were Congo (700t, 34%), Brazil (470t, 23%), Rwanda (270t, 13%), Nigeria (260t, 13%) and China (76t, 4%). Australia produces a small quantity (62t) of tantalum as a lithium by-product.
Tantalum is currently mined at ore grades of between 100ppm and 400ppm[5] Ta2O5.
Tantalum is typically sold as tantalum pentoxide (Ta2O5), tantalum concentrate (30% Ta2O5), tantalum salt (K2TaF7) or tantalum metal. Tantalum concentrate (30% Ta2O5) prices range from US$22,675/kg to US$68,000/kg[5] .
West Arunta Project – Overview
The West Arunta Project is located approximately 490km south of Halls Creek in WA. It comprises the Pachpadra , Sambhar and Urmia prospect areas , which are contained within a granted Exploration Licence .
Prior to WA1 acquiring the West Arunta Project in 2021, the tenement had extremely limited historical exploration for gold and copper, largely in the form of reconnaissance airborne geophysics, limited ground geophysical surveys and surface sampling. Drilling on the West Arunta Project tenement was limited to a single historic diamond hole drilled in 2010.
==> picture [596 x 10] intentionally omitted <==
Note 5: Resource Capital Funds, Minerals 101: Tantalum, viewed 12 December 2022 https://resourcecapitalfunds.com/insights/miningand-minerals-101/tantalum/
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
==> picture [451 x 361] intentionally omitted <==
Figure 4: Location of the West Arunta Project
ENDS
For further information, please contact:
Investors
Media
Paul Savich Michael Vaughan Managing Director Fivemark Partners T: +61 8 6478 7866 T: +61 422 602 720 / +61 410 276 744 E: [email protected] E: [email protected]
Or visit our website at www.wa1.com.au
Authorised for market release by the Board of WA1.
==> picture [596 x 10] intentionally omitted <==
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
Competent Person Statement: The information in this announcement that relates to Exploration Results is based on information compiled by Ms. Stephanie Wray who is a Member of the Australian Institute of Geoscientists. Ms. Wray is a full-time employee of WA1 Resources Ltd and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms. Wray consents to the inclusion in the announcement of the matters based on her information in the form and context in which it appears.
Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this announcement will be achieved or proved correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisors and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any effort or omission therefrom. The Company will not update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.
==> picture [596 x 10] intentionally omitted <==
==> picture [603 x 84] intentionally omitted <==
----- Start of picture text -----
ASX RELEASE
----- End of picture text -----
==> picture [238 x 84] intentionally omitted <==
Table 2: Detailed Assay Results (results not displayed below are considered to contain no significant anomalism) P2 Target RC Drilling Results – PARC003
| Sample ID | Depth | Nb2O5 | Ta2O5 | Ce2O3 | Dy2O3 | Er2O3 | Eu2O3 | Gd2O3 | Ho2O3 | La2O3 | Lu2O3 | Nd2O3 | Pr2O3 | Sc2O3 | Sm2O3 | Tb2O3 | Tm2O3 | Y2O3 | Yb2O3 | TREO |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| metres | % | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | Ppm | ppm | ppm | ppm | ppm | % | |
| From To ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP |
||||||||||||||||||||
| WAX01151 | 61 62 0.62Ɨ 46 2070 67 28 36 100 11 981 3 817 217 21 129 13 3 338 20 0.49 |
|||||||||||||||||||
| WAX01152 | 62 63 0.91Ɨ 100 4500 131 54 80 215 21 2290 5 1785 479 37 288 25 6 593 37 1.05 |
|||||||||||||||||||
| WAX01153 | 63 64 0.25 29 1005 36 15 21 55 6 493 2 444 114 12 76 7 2 173 10 0.25 |
|||||||||||||||||||
| WAX01154 | 64 65 0.34 36 1080 36 17 21 58 6 519 2 458 117 17 75 7 2 209 12 0.26 |
|||||||||||||||||||
| WAX01155 | 65 66 1.12Ɨ 241 3930 117 52 67 179 19 1940 6 1535 404 52 241 21 7 611 40 0.92 |
|||||||||||||||||||
| WAX01156 | 66 67 0.94Ɨ 207 2750 78 34 49 126 13 1230 3 1065 291 32 171 15 4 405 23 0.63 |
|||||||||||||||||||
| WAX01157 | 67 68 0.87Ɨ 315 3470 94 41 59 154 16 1525 4 1345 367 31 200 18 5 480 28 0.78 |
|||||||||||||||||||
| WAX01158 | 68 69 0.91Ɨ 258 3030 89 39 55 139 15 1345 4 1180 316 30 186 17 5 450 27 0.69 |
|||||||||||||||||||
| WAX01159 | 69 70 0.64Ɨ 431 3340 102 45 59 161 18 1490 5 1360 361 39 213 20 5 528 33 0.78 |
|||||||||||||||||||
| WAX01160 | 70 71 0.43Ɨ 233 1945 64 28 38 101 11 930 3 854 225 30 134 12 3 351 19 0.47 |
|||||||||||||||||||
| WAX01161 | 71 72 0.5Ɨ 362 2540 76 33 46 121 12 1165 3 1050 271 36 172 14 4 379 25 0.59 |
|||||||||||||||||||
| WAX01162 | 72 73 0.37Ɨ 244 2020 56 22 35 93 9 952 2 822 214 14 130 11 3 250 14 0.46 |
|||||||||||||||||||
| WAX01163 | 73 74 0.30 127 793 26 11 17 42 4 383 1 345 87 12 54 5 1 131 8 0.19 |
|||||||||||||||||||
| WAX01164 | 74 75 0.22 144 797 26 10 16 44 4 375 1 356 87 5 54 5 1 108 6 0.19 |
|||||||||||||||||||
| WAX01165 | 75 76 0.17 152 950 29 10 18 47 4 459 1 412 102 4 63 5 1 129 7 0.22 |
|||||||||||||||||||
| WAX01166 | 76 77 0.11 71 771 22 9 14 36 3 387 1 326 82 5 49 4 1 104 6 0.18 |
|||||||||||||||||||
| WAX01167 | 77 78 0.24 220 898 28 10 19 46 4 421 1 394 98 3 59 5 1 123 6 0.21 |
|||||||||||||||||||
| WAX01168 | 78 79 0.16 48 467 19 7 11 30 3 225 0 225 52 11 35 4 1 85 5 0.12 |
|||||||||||||||||||
| WAX01169 | 79 80 0.15 65 556 22 9 13 33 3 266 1 251 62 5 41 4 1 92 5 0.14 |
|||||||||||||||||||
| WAX01170 | 80 81 0.17 83 478 22 8 13 33 4 223 1 229 55 6 40 4 1 88 5 0.12 |
|||||||||||||||||||
| WAX01171 | 81 82 0.18 79 509 30 13 14 39 5 239 1 251 57 6 46 5 1 129 8 0.14 |
|||||||||||||||||||
| WAX01172 | 82 83 0.12 41 474 36 16 15 44 6 228 1 227 53 7 42 6 2 164 11 0.13 |
|||||||||||||||||||
| WAX01173 | 83 84 0.13 48 375 19 8 10 27 3 179 1 181 43 4 31 3 1 79 5 0.10 |
|||||||||||||||||||
| WAX01174 | 84 85 0.27 101 1050 36 14 21 54 6 504 1 445 113 17 68 7 2 172 10 0.25 |
|||||||||||||||||||
| WAX01175 | 85 86 0.03 28 659 21 8 10 30 3 357 1 266 70 3 39 4 1 97 6 0.16 |
|||||||||||||||||||
| WAX01176 | 86 87 0.05 53 866 25 9 14 37 4 467 1 345 91 5 49 4 1 110 6 0.20 |
|||||||||||||||||||
| WAX01177 | 87 88 0.03 35 812 19 8 12 31 3 440 1 315 83 3 43 4 1 95 6 0.19 |
|||||||||||||||||||
| WAX01178 | 88 89 0.03 36 592 18 7 11 29 3 300 1 242 62 4 36 3 1 84 5 0.14 |
|||||||||||||||||||
| WAX01179 | 89 90 0.05 61 612 19 7 13 31 3 303 1 262 66 4 40 4 1 83 5 0.15 |
|||||||||||||||||||
| WAX01180 | 90 91 0.07 78 709 19 8 13 35 3 352 1 305 76 3 46 4 1 93 5 0.17 |
|||||||||||||||||||
| WAX01181 | 91 92 0.07 91 919 26 9 18 46 4 434 1 410 101 4 61 5 1 113 6 0.22 |
|||||||||||||||||||
| WAX01182 | 92 93 0.08 114 833 24 9 16 41 3 391 1 372 92 3 56 5 1 101 5 0.20 |
|||||||||||||||||||
| WAX01183 | 93 94 0.07 100 754 22 8 15 37 3 358 1 339 85 3 51 4 1 97 5 0.18 |
|||||||||||||||||||
| WAX01184 | 94 95 0.08 118 739 23 9 15 40 3 355 1 340 82 3 51 4 1 96 5 0.18 |
|||||||||||||||||||
| WAX01185 | 95 96 0.05 52 576 17 7 11 29 3 287 1 241 62 2 36 3 1 83 5 0.14 |
|||||||||||||||||||
| WAX01186 | 96 97 0.08 104 638 21 8 13 34 3 307 1 279 71 3 42 4 1 95 5 0.15 |
|||||||||||||||||||
| WAX01187 | 97 98 0.13 180 677 23 9 14 36 3 323 1 308 74 1 46 4 1 97 5 0.16 |
|||||||||||||||||||
| WAX01188 | 98 99 0.10 61 615 21 8 12 30 3 307 1 257 66 2 38 4 1 94 6 0.15 |
==> picture [596 x 10] intentionally omitted <==
Note Ɨ Nb triggered upper detection limit, XRF used for the final determination via ALS method ME-XRF30
==> picture [206 x 75] intentionally omitted <==
| Sample ID | Depth | Nb2O5 | Ta2O5 | Ce2O3 | Dy2O3 | Er2O3 | Eu2O3 | Gd2O3 | Ho2O3 | La2O3 | Lu2O3 | Nd2O3 | Pr2O3 | Sc2O3 | Sm2O3 | Tb2O3 | Tm2O3 | Y2O3 | Yb2O3 | TREO |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| metres | % | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | Ppm | ppm | ppm | ppm | ppm | % | |
| From To ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP |
||||||||||||||||||||
| WAX01189 | 99 100 0.07 40 655 19 8 12 31 3 333 1 266 68 1 40 4 1 90 6 0.15 |
|||||||||||||||||||
| WAX01190 | 100 101 0.10 147 702 22 9 14 37 3 344 1 304 77 2 48 4 1 101 6 0.17 |
|||||||||||||||||||
| WAX01191 | 101 102 0.15 139 710 21 8 13 35 3 344 1 301 77 3 45 4 1 95 5 0.17 |
|||||||||||||||||||
| WAX01192 | 102 103 0.06 59 607 19 7 13 33 3 295 1 271 67 6 40 4 1 86 5 0.15 |
|||||||||||||||||||
| WAX01193 | 103 104 0.08 95 673 21 8 14 36 3 326 1 300 74 5 45 4 1 93 5 0.16 |
|||||||||||||||||||
| WAX01194 | 104 105 0.08 93 648 19 7 12 32 3 323 1 276 70 3 42 3 1 93 5 0.15 |
|||||||||||||||||||
| WAX01195 | 105 106 0.4Ɨ 649 886 32 11 22 55 5 385 1 438 104 4 72 6 1 122 6 0.21 |
|||||||||||||||||||
| WAX01196 | 106 107 0.32Ɨ 72 5260 41 15 36 82 6 3850 1 1445 436 2 141 9 2 171 10 1.15 |
|||||||||||||||||||
| WAX01197 | 107 108 0.19 171 4540 46 16 36 87 6 3340 1 1290 383 2 139 9 2 173 9 1.01 |
|||||||||||||||||||
| WAX01198 | 108 109 0.07 81 679 19 7 11 31 3 355 1 268 71 3 40 4 1 90 5 0.16 |
|||||||||||||||||||
| WAX01201 | 109 110 0.05 70 647 19 8 11 32 3 316 1 271 69 4 41 3 1 83 5 0.15 |
|||||||||||||||||||
| WAX01202 | 110 111 0.04 48 663 17 7 10 28 3 338 1 270 71 3 41 3 1 77 5 0.15 |
|||||||||||||||||||
| WAX01203 | 111 112 0.06 75 633 18 7 11 30 3 332 1 259 69 3 39 3 1 88 5 0.15 |
|||||||||||||||||||
| WAX01204 | 112 113 0.06 102 552 18 7 10 29 3 293 1 237 61 4 37 3 1 85 5 0.13 |
|||||||||||||||||||
| WAX01205 | 113 114 0.11 145 679 26 11 14 38 4 325 1 304 75 5 49 5 1 131 8 0.17 |
|||||||||||||||||||
| WAX01206 | 114 115 0.10 132 702 20 9 12 34 3 355 1 300 79 6 46 4 1 107 6 0.17 |
|||||||||||||||||||
| WAX01207 | 115 116 0.13 331 681 22 9 15 40 3 320 1 328 81 6 51 4 1 108 5 0.17 |
|||||||||||||||||||
| WAX01208 | 116 117 0.06 127 648 19 8 12 34 3 317 1 280 70 6 47 4 1 95 5 0.15 |
|||||||||||||||||||
| WAX01209 | 117 118 0.11 198 716 25 9 15 40 4 345 1 338 83 5 57 5 1 117 6 0.18 |
|||||||||||||||||||
| WAX01210 | 118 119 0.10 220 848 26 10 17 46 4 407 1 374 94 6 63 5 1 129 6 0.20 |
|||||||||||||||||||
| WAX01211 | 119 120 0.10 198 826 24 9 16 42 3 381 1 373 92 9 55 5 1 104 5 0.19 |
|||||||||||||||||||
| WAX01212 | 120 121 0.04 94 565 18 6 10 28 3 277 1 244 60 6 39 3 1 78 5 0.13 |
|||||||||||||||||||
| WAX01213 | 121 122 0.14 392 668 21 7 14 36 3 312 1 301 74 6 47 4 1 90 5 0.16 |
|||||||||||||||||||
| WAX01214 | 122 123 0.05 95 623 19 7 12 31 3 301 1 269 67 4 40 4 1 80 5 0.15 |
|||||||||||||||||||
| WAX01215 | 123 124 0.07 150 705 22 8 14 37 3 332 1 321 79 8 52 4 1 90 5 0.17 |
|||||||||||||||||||
| WAX01216 | 124 125 0.06 143 596 17 6 10 28 3 289 1 254 63 2 39 3 1 74 5 0.14 |
|||||||||||||||||||
| WAX01217 | 125 126 0.06 152 625 18 8 11 30 3 303 1 262 66 4 39 3 1 83 5 0.15 |
|||||||||||||||||||
| WAX01218 | 126 127 0.05 84 710 20 7 12 33 3 345 1 304 78 6 46 4 1 88 5 0.17 |
|||||||||||||||||||
| WAX01219 | 127 128 0.06 94 721 20 8 12 34 3 358 1 306 78 4 49 4 1 95 5 0.17 |
|||||||||||||||||||
| WAX01220 | 128 129 0.06 110 731 22 8 13 34 3 359 1 305 78 3 48 4 1 93 5 0.17 |
|||||||||||||||||||
| WAX01221 | 129 130 0.07 122 672 20 8 12 32 3 328 1 283 74 2 43 4 1 90 5 0.16 |
|||||||||||||||||||
| WAX01222 | 130 131 0.06 108 719 18 7 12 31 3 358 1 299 77 4 45 3 1 81 5 0.17 |
|||||||||||||||||||
| WAX01223 | 131 132 0.04 70 667 15 6 9 27 2 332 0 265 70 1 39 3 1 68 4 0.15 |
|||||||||||||||||||
| WAX01224 | 132 133 0.04 62 630 18 7 10 31 3 311 1 269 68 2 40 3 1 77 5 0.15 |
|||||||||||||||||||
| WAX01225 | 133 134 0.10 131 740 22 9 13 38 3 345 1 317 81 4 54 4 1 96 5 0.17 |
|||||||||||||||||||
| WAX01226 | 134 135 0.07 102 723 21 8 13 35 3 351 1 305 78 5 47 4 1 94 5 0.17 |
|||||||||||||||||||
| WAX01227 | 135 136 0.08 102 793 22 8 15 38 4 381 1 339 87 3 52 4 1 104 6 0.19 |
|||||||||||||||||||
| WAX01228 | 136 137 0.05 67 727 19 8 12 34 3 358 1 301 77 3 45 4 1 90 5 0.17 |
|||||||||||||||||||
| WAX01229 | 137 138 0.06 72 743 22 8 13 36 3 370 1 312 80 2 46 4 1 98 5 0.17 |
|||||||||||||||||||
| WAX01230 | 138 139 0.10 111 87 13 5 4 13 2 37 0 42 10 1 11 2 1 62 3 0.03 |
|||||||||||||||||||
| WAX01231 | 139 140 0.14 144 91 13 6 4 12 2 37 0 45 10 1 10 2 1 72 4 0.03 |
|||||||||||||||||||
| WAX01232 | 140 141 0.13 138 60 15 7 3 13 2 23 0 31 7 2 9 2 1 75 4 0.03 |
|||||||||||||||||||
| WAX01233 | 141 142 0.14 188 52 10 4 3 10 2 23 0 27 6 4 7 2 0 50 3 0.02 |
==> picture [206 x 75] intentionally omitted <==
| Sample ID | Depth | Nb2O5 | Ta2O5 | Ce2O3 | Dy2O3 | Er2O3 | Eu2O3 | Gd2O3 | Ho2O3 | La2O3 | Lu2O3 | Nd2O3 | Pr2O3 | Sc2O3 | Sm2O3 | Tb2O3 | Tm2O3 | Y2O3 | Yb2O3 | TREO |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| metres | % | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | Ppm | ppm | ppm | ppm | ppm | % | |
| From To ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP |
||||||||||||||||||||
| WAX01234 | 142 143 0.14 141 133 11 4 4 12 2 78 0 50 14 3 10 2 0 47 2 0.04 |
|||||||||||||||||||
| WAX01235 | 143 144 0.21 231 292 14 5 6 19 2 155 0 107 29 2 20 3 1 64 3 0.07 |
|||||||||||||||||||
| WAX01236 | 144 145 0.36 242 227 21 7 8 25 3 100 0 97 24 3 21 4 1 94 4 0.06 |
|||||||||||||||||||
| WAX01237 | 145 146 0.19 168 220 17 6 7 20 3 94 0 95 24 3 20 3 1 76 3 0.06 |
|||||||||||||||||||
| WAX01238 | 146 147 0.28 147 633 20 8 13 31 3 306 1 246 68 2 41 4 1 90 6 0.15 |
|||||||||||||||||||
| WAX01239 | 147 148 0.44Ɨ 192 763 22 8 15 36 4 349 1 299 83 3 49 4 1 99 6 0.17 |
|||||||||||||||||||
| WAX01240 | 148 149 0.27 272 590 18 7 11 29 3 283 1 226 63 3 37 4 1 81 4 0.14 |
|||||||||||||||||||
| WAX01241 | 149 150 0.25 121 685 21 8 12 32 3 327 1 264 73 3 43 4 1 95 6 0.16 |
|||||||||||||||||||
| WAX01242 | 150 151 0.47Ɨ 403 833 27 10 17 43 4 378 1 341 93 3 57 5 1 115 6 0.19 |
|||||||||||||||||||
| WAX01243 | 151 152 0.29 276 804 22 8 14 38 4 371 1 327 89 5 52 4 1 97 5 0.18 |
|||||||||||||||||||
| WAX01244 | 152 153 0.09 113 722 20 8 12 33 3 343 1 286 79 4 45 4 1 87 5 0.17 |
|||||||||||||||||||
| WAX01245 | 153 154 0.15 213 760 21 8 14 36 3 358 1 309 84 6 49 4 1 92 5 0.18 |
|||||||||||||||||||
| WAX01246 | 154 155 0.13 196 726 20 7 13 33 3 347 1 294 80 6 47 4 1 89 5 0.17 |
|||||||||||||||||||
| WAX01247 | 155 156 0.31 481 804 23 8 17 39 4 357 1 338 91 7 55 5 1 96 5 0.18 |
|||||||||||||||||||
| WAX01248 | 156 157 0.21 348 733 21 7 14 35 3 328 1 295 81 5 47 4 1 88 5 0.17 |
|||||||||||||||||||
| WAX01251 | 157 158 0.20 354 746 21 8 14 35 3 345 1 307 84 7 51 4 1 87 5 0.17 |
|||||||||||||||||||
| WAX01252 | 158 159 0.17 256 753 21 7 14 37 3 342 1 311 84 6 52 4 1 91 5 0.17 |
|||||||||||||||||||
| WAX01253 | 159 160 0.10 153 711 19 7 12 33 3 332 1 279 78 5 45 4 1 85 5 0.16 |
|||||||||||||||||||
| WAX01254 | 160 161 0.07 92 645 17 6 11 28 3 314 1 252 70 4 40 3 1 77 4 0.15 |
|||||||||||||||||||
| WAX01255 | 161 162 0.11 174 659 18 7 12 29 3 310 1 255 71 4 41 4 1 79 5 0.15 |
|||||||||||||||||||
| WAX01256 | 162 163 0.52Ɨ 526 799 22 8 16 37 3 325 1 330 89 3 54 4 1 89 5 0.18 |
|||||||||||||||||||
| WAX01257 | 163 164 0.4Ɨ 325 739 19 7 13 32 3 309 1 290 80 7 47 4 1 81 4 0.16 |
|||||||||||||||||||
| WAX01258 | 164 165 0.4Ɨ 200 681 16 6 11 27 3 289 1 246 69 5 38 3 1 71 4 0.15 |
|||||||||||||||||||
| WAX01259 | 165 166 0.62Ɨ 180 679 16 6 11 27 3 277 1 245 69 4 39 3 1 73 4 0.15 |
|||||||||||||||||||
| WAX01260 | 166 167 0.6Ɨ 143 654 16 6 11 26 3 267 1 231 66 4 37 3 1 70 4 0.14 |
|||||||||||||||||||
| WAX01261 | 167 168 0.52Ɨ 104 758 18 7 12 30 3 334 1 278 78 3 43 4 1 80 4 0.17 |
|||||||||||||||||||
| WAX01262 | 168 169 0.39Ɨ 100 695 18 7 11 29 3 306 1 254 72 2 40 4 1 84 5 0.15 |
|||||||||||||||||||
| WAX01263 | 169 170 0.32 48 671 16 6 9 25 3 331 1 229 67 2 34 3 1 74 5 0.15 |
|||||||||||||||||||
| WAX01264 | 170 171 0.25 122 658 17 7 10 27 3 332 1 230 66 2 37 3 1 78 5 0.15 |
|||||||||||||||||||
| WAX01265 | 171 172 0.42Ɨ 113 733 17 6 11 29 3 327 1 268 75 2 41 4 1 78 4 0.16 |
|||||||||||||||||||
| WAX01266 | 172 173 0.59Ɨ 132 800 19 7 13 31 3 334 1 288 81 3 44 4 1 81 5 0.17 |
|||||||||||||||||||
| WAX01267 | 173 174 1.04Ɨ 132 1020 21 8 16 36 3 407 1 360 102 3 56 4 1 91 5 0.21 |
|||||||||||||||||||
| WAX01268 | 174 175 0.72Ɨ 65 893 20 7 15 35 3 360 1 325 91 3 51 4 1 86 4 0.19 |
|||||||||||||||||||
| WAX01269 | 175 176 0.36Ɨ 67 774 18 7 12 30 3 341 1 274 78 3 42 4 1 80 5 0.17 |
|||||||||||||||||||
| WAX01270 | 176 177 0.33 84 694 17 7 10 27 3 309 1 247 70 3 40 3 1 81 5 0.15 |
|||||||||||||||||||
| WAX01271 | 177 178 0.62Ɨ 127 952 20 8 15 35 3 384 1 346 98 5 56 4 1 89 5 0.20 |
|||||||||||||||||||
| WAX01272 | 178 179 0.52Ɨ 62 860 19 7 13 32 3 353 1 309 87 3 50 4 1 83 5 0.18 |
|||||||||||||||||||
| WAX01273 | 179 180 0.58Ɨ 52 806 17 6 13 29 3 329 1 281 79 4 44 4 1 78 5 0.17 |
|||||||||||||||||||
| WAX01274 | 180 181 0.23 31 693 15 5 12 27 2 293 0 276 75 5 43 3 1 63 3 0.15 |
|||||||||||||||||||
| WAX01275 | 181 182 0.36 33 847 18 7 13 33 3 366 1 327 91 6 51 4 1 79 4 0.18 |
|||||||||||||||||||
| WAX01276 | 182 183 0.36 29 909 19 7 14 35 3 390 1 349 97 5 55 4 1 80 4 0.20 |
|||||||||||||||||||
| WAX01277 | 183 184 0.48Ɨ 48 829 18 7 13 32 3 355 1 309 86 3 50 4 1 85 5 0.18 |
==> picture [206 x 75] intentionally omitted <==
| Sample ID | Depth | Nb2O5 | Ta2O5 | Ce2O3 | Dy2O3 | Er2O3 | Eu2O3 | Gd2O3 | Ho2O3 | La2O3 | Lu2O3 | Nd2O3 | Pr2O3 | Sc2O3 | Sm2O3 | Tb2O3 | Tm2O3 | Y2O3 | Yb2O3 | TREO |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| metres | % | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | Ppm | ppm | ppm | ppm | ppm | % | |
| From To ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP ICP |
||||||||||||||||||||
| WAX01278 | 184 185 0.83Ɨ 18 988 21 7 15 36 3 394 1 351 98 4 56 4 1 92 5 0.21 |
|||||||||||||||||||
| WAX01279 | 185 186 0.61Ɨ 11 855 19 7 13 31 3 366 1 300 85 2 48 4 1 86 5 0.18 |
|||||||||||||||||||
| WAX01280 | 186 187 0.55Ɨ 11 725 16 6 11 27 3 312 1 260 73 3 41 3 1 76 5 0.16 |
|||||||||||||||||||
| WAX01281 | 187 188 0.7Ɨ 7 798 16 7 12 29 3 336 1 275 79 3 44 3 1 79 5 0.17 |
|||||||||||||||||||
| WAX01282 | 188 189 0.82Ɨ 8 913 19 7 14 32 3 381 1 317 90 3 50 4 1 83 5 0.19 |
|||||||||||||||||||
| WAX01283 | 189 190 1.05Ɨ 11 917 19 7 14 34 3 366 1 323 92 4 52 4 1 89 5 0.19 |
|||||||||||||||||||
| WAX01284 | 190 191 0.91Ɨ 18 837 18 7 13 31 3 352 1 304 85 3 48 4 1 86 5 0.18 |
|||||||||||||||||||
| WAX01285 | 191 192 0.5Ɨ 10 738 17 7 12 29 3 332 1 269 76 3 43 4 1 82 5 0.16 |
|||||||||||||||||||
| WAX01286 | 192 193 0.75Ɨ 10 835 19 7 14 32 3 344 1 307 86 3 50 4 1 89 5 0.18 |
|||||||||||||||||||
| WAX01287 | 193 194 0.7Ɨ 9 775 18 7 12 30 3 339 1 281 80 4 45 4 1 86 5 0.17 |
|||||||||||||||||||
| WAX01288 | 194 195 1.08Ɨ 13 905 20 8 14 35 3 368 1 324 92 4 51 4 1 92 6 0.19 |
|||||||||||||||||||
| WAX01289 | 195 196 0.77Ɨ 8 901 21 8 14 36 3 412 1 342 95 2 55 4 1 101 6 0.20 |
|||||||||||||||||||
| WAX01290 | 196 197 0.76Ɨ 8 878 20 8 14 34 3 389 1 322 90 2 52 4 1 98 6 0.19 |
|||||||||||||||||||
| WAX01291 | 197 198 0.49Ɨ 2 716 17 7 11 28 3 336 1 259 74 2 42 3 1 86 6 0.16 |
|||||||||||||||||||
| WAX01292 | 198 199 0.39Ɨ 4 694 18 7 12 28 3 335 1 253 73 2 40 4 1 88 5 0.16 |
|||||||||||||||||||
| WAX01293 | 199 200 0.56Ɨ 7 782 18 7 13 31 3 345 1 282 79 2 45 4 1 87 5 0.17 |
|||||||||||||||||||
| WAX01294 | 200 201 0.5Ɨ 8 1050 21 8 14 35 3 580 1 332 101 3 50 4 1 100 6 0.23 |
|||||||||||||||||||
| WAX01295 | 201 202 0.73Ɨ 9 819 19 7 13 32 3 363 1 302 85 4 49 4 1 91 5 0.18 |
|||||||||||||||||||
| WAX01296 | 202 203 0.81Ɨ 4 781 18 7 13 30 3 348 1 286 81 4 46 4 1 87 5 0.17 |
|||||||||||||||||||
| WAX01297 | 203 204 0.76Ɨ 3 745 18 7 12 30 3 338 1 280 78 4 44 4 1 85 5 0.17 |
|||||||||||||||||||
| WAX01298 | 204 205 1.07Ɨ 3 774 18 7 12 29 3 330 1 274 78 5 44 4 1 86 5 0.17 |
|||||||||||||||||||
| WAX01301 | 205 206 0.81Ɨ 2 726 17 7 11 29 3 335 1 267 76 4 43 3 1 85 5 0.16 |
|||||||||||||||||||
| WAX01302 | 206 207 0.67Ɨ 2 757 18 7 12 29 3 338 1 281 79 4 45 4 1 89 6 0.17 |
|||||||||||||||||||
| WAX01303 | 207 208 0.81Ɨ 2 808 18 7 14 31 3 355 1 304 85 2 49 4 1 90 6 0.18 |
|||||||||||||||||||
| WAX01304 | 208 209 0.59Ɨ 10 712 19 8 12 31 3 338 1 272 77 2 45 4 1 95 6 0.16 |
|||||||||||||||||||
| WAX01305 | 209 210 1.04Ɨ 2 768 19 7 13 30 3 321 1 283 80 3 46 4 1 91 6 0.17 |
|||||||||||||||||||
| WAX01306 | 210 211 0.35 2 610 18 8 11 28 3 304 1 238 67 2 36 3 1 89 5 0.14 |
|||||||||||||||||||
| WAX01307 | 211 212 0.25 1 666 19 8 12 29 3 335 1 271 74 3 39 4 1 98 7 0.16 |
|||||||||||||||||||
| WAX01308 | 212 213 0.41Ɨ 1 634 19 7 11 26 3 308 1 248 71 2 38 4 1 89 6 0.15 |
|||||||||||||||||||
| WAX01309 | 213 214 0.44Ɨ 1 724 19 8 13 31 3 341 1 290 81 3 44 4 1 96 6 0.17 |
|||||||||||||||||||
| WAX01310 | 214 215 0.38Ɨ 1 692 18 9 12 30 3 337 1 283 79 3 40 4 1 96 6 0.16 |
|||||||||||||||||||
| WAX01311 | 215 216 1.72Ɨ 4 1045 25 9 19 42 4 463 1 412 117 3 62 5 1 113 6 0.23 |
==> picture [596 x 84] intentionally omitted <==
----- Start of picture text -----
ASX RELEASE
----- End of picture text -----
About WA1
WA1 Resources Ltd is based in Perth, Western Australia and was admitted to the official list of the Australian Securities Exchange (ASX) in February 2022. WA1’s shares are traded under the code WA1.
WA1’s objective is to discover a Tier 1 deposit in Western Australia’s under explored regions and create value for all stakeholders. We believe we can have a positive impact on the remote communities within the lands on which we operate. We will execute our exploration using a proven leadership team which has a successful track record of exploring in WA’s most remote regions.
Forward-Looking Statements
This ASX Release may contain certain “forward-looking statements” which may be based on forward-looking information that are subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those presented here. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. For a more detailed discussion of such risks and other factors, see the Company’s Prospectus and Annual Reports, as well as the Company’s other ASX Releases. Readers should not place undue reliance on forward-looking information. The Company does not undertake any obligation to release publicly any revisions to any forward-looking statement to reflect events or circumstances after the date of this ASX Release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
==> picture [596 x 11] intentionally omitted <==
WA1 RESOURCES LTD | ABN: 51 646 878 631 | WWW.WA1.COM.AU | ASX: WA1 WA1 RESOURCES LTD | ABN: 51 646 878 631 | WWW.WA1.COM.AU | ASX: WA1 A: L2 55 CARRINGTON ST NEDLANDS WA 6009 P: +61 8 6478 7866 E: [email protected] A: 2C LOCH ST, NEDLANDS WA 6009 P: +61 8 6478 7866 E: [email protected]
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
| Criteria | Commentary |
|---|---|
| Sampling techniques | • Geological information referred to in this ASX Announcement was derived from a reverse circulation drill program. • From every metre drilled a 2-3kg sample (split) was sampled into a calico bag via the rig mounted cone splitter. • Single metre samples were collected and assayed as determined by the site geologist. • All downhole metre samples for PARC003 have had laboratory analysis complete, the results of which have informed geological understanding and interpretation. • Laboratory Analysis - Samples were analysed via lithium borate fusion (ME-MS81), where Nb triggered the upper detection limit (>5000ppm) XRF was used for the final determination via ALS method ME-XRF30. |
| Drilling techniques | • Reverse Circulation (RC) drilling was completed at all holes to a diameter of 114mm. |
| Drill sample recovery | • Sample recovery was visually estimated for each metre. PARC003 had no sample recovery issues. • The sample cyclone was routinely cleaned at the end of each 6m rod and when deemed necessary. • No relationship has been determined between sample recovery and the mineralisation returned. |
| Logging | • Geological logging of drill holes was done on a visual basis with logging including lithology, mineralogy, texture, deformation, alteration, mineralisation, veining, colour and weathering. • Logging of drill chips is qualitative and based on the presentation of representative chips retained for all 1m sample intervals in the chip trays. • All drill holes were logged in their entirety. |
| Sub-sampling techniques and sample preparation |
RC Drilling • From every metre drilled, a 2-3kg sample was sub-sampled into a calico bag via the drill rig cyclone splitter. • Analytical QC is monitored by the laboratory using standards and repeat assays which was in-turn internally reviewed by WA1. • Single metre samples were also collected and assayed as determined by the site geologist. |
| Quality of assay data and laboratory tests |
• All 1m splits were analysed via lithium borate fusion via ALS method ME-MS81 with XRF determination where required, via ME- XRF30. • The element promethium (Pm) is not included in the assays or TREO calculations. • Standard laboratory QAQC was undertaken and monitored by the laboratory and then by WA1 upon receipt of assay results. • Lab QAQC protocol for XRF analysis includes a quartz blank at the beginning of every run, whilst the XRF is calibrated using internal lab standards. • Over-limit assays were completed via Lithium Borate Fusion ALS Method ME-MS81, where the upper detection limit was exceeded XRF determinations were completed via ALS Method ME-XRF30 |
==> picture [596 x 10] intentionally omitted <==
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
| Criteria | Commentary |
|---|---|
| Verification of sampling and assaying |
• Drill chips have been viewed and assessed by WA1’s Exploration Manager for mineralogy and alteration. • Mineralised intersections have been verified against the downhole geology. • Independent petrographic analysis of selected drill chips completed by A&A Crawford Geological Research Consultants Pty Ltd. • Logging and sampling completed manually in the field and then recorded directly into a digital logging system. • No twinned holes have been drilled at this time. • No sample bias is known at this time. |
| Location of data points | • Drill hole collars were surveyed and recorded using a DGPS. • All co-ordinates are provided in the MGA94 UTM Zone 52 co- ordinate system with an estimated accuracy of +/-5m. • Azimuth and dip of the drill hole was recorded after completion of the hole using a gyro. A reading was taken every 50m with an accuracy of +/-1 degree azimuth and +/-0.3 degree dip. |
| Data spacing and distribution |
• See drill hole table (Table 1) for hole position and details. • Data spacing at this stage is not suitable for Mineral Resource Estimation. |
| Orientation of data in relation to geological structure |
• The orientation of mineralisation is poorly constrained with only one RC hole having been drilled at the P2 target and three RC holes drilled at the Luni target, respectively. • See drill hole table for hole details and the text of this announcement for discussion regarding the orientation of holes. • Drill holes were designed based on observations from modelled geophysical data. • True and apparent widths have not been interpreted from the available data. |
| Sample security | • Sample security is not considered a significant risk with WA1 staff present during collection. • All geochemical samples were collected, bagged and sealed by WA1 staff, and delivered to Port Hedland for haulage directly to ALS Laboratories in Perth. • 1m splits were stored in a secure location for later laboratory analyses. |
| Audits or reviews | • The program is reviewed on an ongoing basis by senior WA1 staff. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | Commentary |
|---|---|
| Mineral tenement and land tenure status |
• All work completed and reported in this ASX Announcement was completed on E80/5173 which is 100% owned by WA1 Resources Ltd. • The Company also currently holds two further granted Exploration Licences and eight Exploration Licence Applications within the area of the West Arunta Project. |
| Exploration done by other parties |
• The West Arunta Project has had limited historic work completed within the Project area with the broader area having exploration focused on gold, base metals, diamonds and potash. • Significant previous explorers of the Project area include Beadell Resources and Meteoric Resources. Onlyone drill hole(RDD01) |
==> picture [596 x 10] intentionally omitted <==
==> picture [206 x 75] intentionally omitted <==
==> picture [596 x 9] intentionally omitted <==
| Criteria | Commentary |
|---|---|
| has been completed within the tenement area by Meteoric in 2009, and more recently a second hole proximate to the Project by Encounter Resources Ltd in 2020. • Most of the historic work was focused on the Urmia and Sambhar Prospects with historic exploration (other than RDD01) being limited to geophysical surveys and surface sampling. • Historical exploration reports are referenced within the WA1 Resources Ltd Prospectus dated 29 November 2021 which was released by ASX on 4 February 2022. |
|
| Geology | • The West Arunta Project is located within the West Arunta Orogen, representing the western-most part of the Arunta Orogen which straddles the Western Australia-Northern Territory border. • Outcrop in the area is generally poor, with bedrock largely covered by Tertiary sand dunes and spinifex country of the Gibson Desert. As a result, geological studies in the area have been limited, and a broader understanding of the geological setting is interpreted from early mapping as presented on the MacDonald (Wells, 1968) and Webb (Blake, 1977 (First Edition) and Spaggiari et al., 2016 (Second Edition)) 1:250k scale geological map sheets. • The West Arunta Orogen is considered to be the portion of the Arunta Orogen commencing at, and west of, the Western Australia-Northern Territory border. It is characterised by the dominant west-north-west trending Central Australian Suture, which defines the boundary between the Aileron Province to the north and the Warumpi Province to the south. • The broader Arunta Orogen itself includes both basement and overlying basin sequences, with a complex stratigraphic, structural and metamorphic history extending from the Paleoproterozoic to the Paleozoic (Joly et al., 2013). |
| Drill hole Information | • Refer to Table 1 for drill hole details. |
| Data aggregation methods |
• Significant intercepts are weight averaged by length. • No metal equivalents have been reported. |
| Relationship between mineralisation widths and intercept lengths |
• The true thickness of the mineralisation intersected in the drill hole is not currently able to be calculated due to limited data. |
| Diagrams | • Refer to Figures provided within this ASX Announcement. |
| Balanced reporting | • All meaningful information has been included in the body of the text. |
| Other substantive exploration data |
• All material data and information has been included in the body of this ASX Announcement. • No metallurgical assessments have been completed. |
| Further work | • Further interpretation of drill data and assay results will be completed over the coming months. • Additional geophysical surveys are being completed to aid interpretation and planning of future work programs. • Additional exploration drilling is being planned. |
==> picture [596 x 10] intentionally omitted <==