MTM get clear site for East Laverton exploration
December 22, 2022Mt Monger Resources (ASX:MTM) is positioned to begin an exploration of priority drilling areas at its promising Pt Kidman and Seahorse prospect areas following indicative support from Traditional Owners after completing a heritage clearance survey at the Company’s East Laverton project.
Senior members of the Nyalpa Pirniku group within their registered Native Title claim area indicated that there are no physical, cultural sites or new heritage sites within the Pt Kidman and Seahorse prospect areas.
It’s exciting news for the Company as they prepare to follow up on promising early signs of potentially district-scale rare earth element mineralisation at Pt Kidman within ideal clay-hosted REE deposits.
Follow-up exploration of high-grade rock chip samples of as high as 1.1% nickel and 1.57% cobalt within 2.5km x 2.5km nickel-copper-cobalt soil geochemical anomaly at Seahorse prospect is also a priority.
MTM hunts for REE
“We welcome the outcomes of the heritage survey over areas at East Laverton and thank the Traditional Owners for their assistance and support,” Managing Director Lachlan Reynolds said.
“The survey allows the Company to undertake both initial drilling and any future follow-up exploration with confidence that our activities will not affect any heritage sites.
“We are now positioned to undertake a series of drilling programs that will expand our exploration of the rare earth element mineralisation at the Pt Kidman prospect area where we believe there is potential for district-scale development of clay-hosted REE deposits.
“Furthermore, we also have clearance to drill in the Seahorse prospect area, where the Company’s soil geochemical sampling surveys have identified large, untested gold, nickel and base metal anomalies.
“We look forward to advancing all these drilling programs early in 2023.”
Price Action
MT Monger Resources (ASX:MTM) shares are 8.1c at pre-Market Open.
About Mt Monger Resources
Mt Monger Resources Limited is an exploration company searching for rare earth elements (REE), gold, lithium, nickel, and base metals in Western Australia’s Goldfields and Ravensthorpe districts. The Company holds over 4,500km2 tenements in three prolific and highly prospective mineral regions. The Mt Monger Gold Project comprises a contiguous area of ~120km2 containing known gold deposits occurrences in the Mt Monger area, located ~70km SE of Kalgoorlie and immediately adjacent to the Randalls gold mill operated by Silver Lake Resources Limited. The East Laverton Gold Project is a regionally extensive package of underexplored tenements prospective for REE and other metals. The Ravensthorpe Project contains a package of tenements in the southern part of Western Australia between Esperance and Bremer Bay which are prospective for a range of minerals, including lithium, REE, nickel and graphite. Priority drilling targets have been identified in all project areas, and the Company is well-funded to undertake effective exploration programs. The Company has an experienced Board and management team focused on discovery to increase shareholder value.
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.
