Moora and Koojan JV Projects
The Moora and Koojan Projects cover a largely contiguous land position of ~1,100km2 located in Julimar Mineral Province (JMP) of southwest Western Australia. The JMP has become one of Australia’s most active exploration areas following Chalice Mines’ 2020 discovery of high-grade Ni-Cu-PGE mineralisation at Julimar ~95km to the south (Figure 1).
The wholly-owned Moora Project was acquired by Liontown Resources Limited following regional studies which identified the western margin of the Archaean Yilgarn Craton as being prospective for nickel-copper-PGE mineralisation, a hypothesis subsequently supported by Chalice’s discovery at Julimar.
In January 2021, Liontown entered into an agreement with Lachlan Star Limited which gave it the right to acquire 51% equity in the Koojan Project located adjacent to the western boundary of the Moora Project (Figure 1).
Minerals 260 assumed rights to Moora and Koojan in mid-2021 following Liontown’s decision to demerge its non-lithium assets into a separate company.
The combined landholding was effectively unexplored prior to Minerals 260/Liontown commencing work.
Geochemistry and geophysics have identified multiple precious and base metal targets (Figure 2) and subsequent drilling has intersected significant mineralisation at a number of prospects including:
- Mynt – up to 24m @0.7g/t Au and 1.9% Cu
- Angepena – up to 43m @1.8g/t Au
- Zest – up to 12m @ 2.0g/t Au and 1.4% Cu
- Acga – up to 3m @0.52g/t PGE (Pd+Pt)
Exploration is ongoing at Moora and Koojan, and readers should refer to the latest ASX releases for the latest results and planned work programs.