Norwest Minerals Limited (ASX:NWM) Announces West Arunta Exploration Results
Exploration Results
Norwest Minerals Limited (ASX:NWM) reported significant drilling results at its West Arunta project. Reconnaissance drilling at the Malibu Prospect intersected wide zones of highly anomalous titanium, including 33m @ 2.0% TiO₂ and 21m @ 3.0% TiO₂. Additionally, drilling at the Dales Gossan Prospect yielded substantial silver, lead, zinc, and copper intersections.
Funding and Grants
The company secured a 50% co-funding grant, up to $180,000, from the Western Australian government’s Exploration Incentive Scheme (EIS). This grant will support follow-up RC drilling of the West Arunta targets in 2025.
Executive Comments
CEO Charles Schaus stated, “Our grassroots exploration work at West Arunta is paying off. Reconnaissance drilling has intersected significant intervals of shallow titanium mineralisation at our Malibu prospect and returned wide, near-surface zones of silver-base metal mineralisation from the Dales Gossan prospect. With mineralisation still open in all directions, follow-up exploration work has the potential to quickly grow both prospects into sizeable resources. Considering most of these metals sit near the top of the USA’s list of critical minerals, the Malibu and Dales discoveries could quickly become high-valued and sought after Company assets.”
Future Outlook
Norwest plans to commence a detailed review of historical exploration along the Sandman fault and undertake further RC drilling and geophysical surveys to expand its mineralisation resources.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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