Heritage survey scheduled for Stansmore

The survey will aim to clear targets for ground-based geophysics and drilling.
The survey will aim to clear targets for ground-based geophysics and drilling.

An Aboriginal heritage survey has been scheduled for Lycaon Resources (ASX: LYN) Stansmore project in the West Arunta region of WA.

The survey has been booked with the Central Desert Native Title Services and is scheduled to begin on July 11, 2024, with the aim of clearing targets for ground-based geophysics and drilling in Q3.

Lycaon technical director Thomas Langley commented on the survey.

“We would like to thank the Central Desert Native Title Services and the Parna Ngururrpa traditional owners for their efforts and cooperation to schedule this survey as soon as possible,” he said.

“We look forward to completing this survey with the Parna Ngururrpa people with the intent to clear targets for ground-based geophysics and drilling within Q3 this year.”

The Stansmore project consits of two high priority magnetic anomaly drill targets and three secondary drill targets that may be prospective for niobium-rare earth element (REE) carbonatite or iron-oxide-copper-gold.

The upcoming drilling will target a regionally prominent 700m-long magnetic feature and a 3km-wide magnetic anomaly.

Recent discoveries by WA1 Resources (ASX: WA1) and Encounter Resources (ASX: ENR) demonstrated the potential for the West Arunta region to host significant niobium-REE mineral systems.

Southern Geoscience Consultants (SGC) completed a geophysical review over Stansmore which included re-processing magnetic data and a 3D inversion of the magnetic data to assist with targeting drillholes ahead of drilling.

Lycaon has received an $180k grant for two holes which have been designed to test the centre of two different magnetic anomalies. These holes will test for iron-oxide alteration, copper, gold, niobium and REE mineralisation.

An additional five holes will test the magnetic gradient and other locations of the magnetic anomalies identified from the aeromagnetics.