Errawarra (ASX:ERW) shows Rare promise at Errabiddy
December 15, 2022Errawarra Resources (ASX:ERW) review has highlighted potential REE targets at its Errabiddy project northwest of Meekatharra in Western Australia’s Gascoyne Region.
Excitingly the review based on publically available information showed particular promise at E09/2459 tenement, identifying multiple priority target areas.
Errabiddy prospect on mag with neighbouring tenement holders
Remote sensing hyperspectral datasets bore spectral signatures and other promising factors, in addition to soil sampling showing anomalous TREO samples within the project tenements
“Due to the discovery of REE’s in the vicinity of the Errabiddy Project tenements by Desert Metals and Krakatoa Resources, Errawarra had an independent review undertaken on the REE potential of the tenement package,” the Company said.
“The significance of these soil sample results is not known at this stage but warrants follow-up to determine the source of the anomalous REE results.”
Price Action
The Company’s ASX-listed shares are 22.5c at Market Open.
About the Errabiddy Project
The project covers an area of 1,066km2 and comprises eight granted tenements four of which are contiguous. Some of the tenements in this package are considered highly prospective for intrusion-related Ni-Cu-Co-PGE mineralisation due to the occurrence of both Archaean and Proterozoic-aged mafic-ultramafic intrusions. The area is highly competitive for nickel and gold exploration. Still, more recently, there has been an emerging focus on REE exploration, with significant results reported by Desert Metals and Krakatoa Resources, both of which are in proximity to the Errabiddy Project.
About Errawarra Resources
Errawarra Resources is focused on gold and nickel exploration in Western Australia. The company aims to discover the next nickel-copper deposit in the Fraser Range, 30km southwest of the Nova-Bollinger mine owned by IGO Limited (ASX:IGO).
Fundamental Data
Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
