Burley Minerals Limited (ASX:BUR) Overview

BUR.AX
BURLEY MIN FPO [BUR]
ASX
down arrow$0.12
$0.01
7.69%

Burley Minerals Ltd (ASX: BUR) is a well-funded ASX-listed minerals explorer with Lithium, Iron Ore and Ni-Co-Cu-PGE Projects, located within the World-Class Tier-1 provinces of Quebec, Canada and Western Australia. A recent Agreement to acquire 100% ownership of the Chubb Lithium Project in Quebec, Canada, and the Mt James and Dragon Lithium Projects in the Gascoyne region of Western Australia, was completed on 07 February 2023. The Corporate Head Office is located in Perth, Western Australia.

Burley also owns a 70% interest in the Yerecoin Magnetite iron Ore Project located approximately 120km to the northeast of Perth, Western Australian that has a JORC 2012 compliant Inferred and Indicated Mineral Resource of 246.7Mt capable of producing a concentrate at >68% Fe. Various studies completed by previous operators, included various production scenarios as well as evaluation of infrastructure solutions. Drilling approvals are currently being progressed and a Land Access and Compensation Agreement with a Landowner was recently signed over a key portion of the Tenement.

Burley initially applied for exploration license applications (ELA’s) over three iron ore prospects Cane Bore, Broad Flat Wells and Hardey West in the world class Hamersley Iron Ore Province. The Cane Bore Prospect has 28kms of remnant outcropping Channel Iron Deposit (CID) mineralisation which on average is 400m wide. Broad Flat Well has CID mineralisation confirmed by historical rock chip assays ranging up to 61.5% Fe. An Exploration Licence for Broad Flat Well was issued in September 2022. Countersigning of the Heritage Agreements for the two subsequent ELA’s by the NT Claimant Group are pending.

The Yerecoin Project also has potential for ultramafic hosted Ni-Cu-Co-PGE mineralisation and is located within the Jimperding Metamorphic Belt, only 60kms north of the world class, 20Moz palladium equivalent Julimar – Gonneville nickel-copper-PGE Project[1] owned by Chalice Mining Ltd (ASX: CHN). Helicopter-borne VTEMTM Max electromagnetic and magnetic geophysical survey identifies several EM anomalies. Historical drilling at Yerecoin South magnetite deposit intercepted abundant serpentinised ultramafic rocks adjacent to the BIF over strike length of ~3km and in places up to 150m thick. Drilling approvals are currently being progressed.

Latest News

December 22, 2023 Off

Burley (ASX:BUR) achieve commercial grade at Chubb

By Tom Duggan

Work on Chubb Central achieves excellent recoveries with both high and low-grade samples surpassing the benchmark for a commercial product.

December 12, 2023 Off

Burley (ASX:BUR) uncover high value pollucite at Chubb Lithium

By Tom Duggan

An unexpected but fortunate pollucite discovery comes to a company with two members involved in one of the few operating...

October 4, 2023 0

Burley (ASX:BUR) crack into Chubb North

By Tom Duggan

More indications of lithium fertility and multiple sub-surface structural targets spur additional diamond drilling into Chubb Lithium.

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Editor-in-Chief
amanda@marketopen.com.au
+61 438 003 868