Danakali widens exploration reach in Western Australia
National Stock Exchange of Australia-listed Danakali is assembling a significant exploration portfolio across premier mineral provinces of Western Australia, having applied for 1 433 km2 of exploration licences across eight separate projects.
The exploration licence areas, which are based in Murchison and Gascoyne, cover a range of geological settings prospective for gold, copper, rare earths and other critical minerals.
Danakali has been granted ten of 23 tenement applications to date, covering 634 km2, with further grants expected in the coming months.
“The Danakali exploration team identified a range of prospective yet under-explored zones across the Murchison and Gascoyne regions, and steadily acquired tenure that suited our exploration criteria.
“This strategy has now developed into a significant portfolio of projects prospective for a wide range of metals and mineralisation styles, particularly gold and copper. We are rapidly developing exploration programmes to carefully assess these projects as further tenements convert to granted licences,” says Danakali chairperson Seamus Cornelius.
He confirms that a reconnaissance field survey of the newly granted areas is currently underway, and the company looks forward to expanding exploration of these exciting projects in the current field season.
Danakali has developed five separate projects across the Murchison region, with mineralisation styles including volcanogenic massive sulphide-hosted copper, zinc and ore mineralisation at the Golden Grove prospects, layered intrusive-hosted vanadium, titanium and iron-ore mineralisation at the Windimurra prospect, as well as magnetite-hosted iron at the Koolyanobing and Karara prospects.
In turn, the Gascoyne region has emerged as a highly prospective zone with a wide array of mineralisation styles. The Yangibana/Gifford Creek carbonatite complexes, for example, host significant rare earth resources – including at the Hastings and Deadnought prospects.
The Danakali exploration team is currently mobilising to the Gascoyne region to undertake detailed geological inspection and soil sampling at priority targets within the Orson, Chelios and Turkish projects. The programme will then move to the Murchison region and the Jonas project.
