{"id":332,"date":"2021-10-08T14:02:35","date_gmt":"2021-10-08T06:02:35","guid":{"rendered":"https:\/\/wordpress-600333-2072132.cloudwaysapps.com\/?page_id=332"},"modified":"2023-12-11T09:04:18","modified_gmt":"2023-12-11T01:04:18","slug":"moora-and-koojan-jv-projects","status":"publish","type":"page","link":"https:\/\/minerals260.com.au\/moora-and-koojan-jv-projects\/","title":{"rendered":"Moora and Koojan JV Projects"},"content":{"rendered":"\n
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Moora and Koojan JV Projects
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The Moora and Koojan Projects cover a largely contiguous land position of ~1,100km2 <\/sup>located in Julimar Mineral Province (JMP) of southwest Western Australia. The JMP has become one of Australia\u2019s most active exploration areas following Chalice Mines\u2019 2020 discovery of high-grade Ni-Cu-PGE mineralisation at Julimar ~95km to the south (Figure 1)<\/em>.<\/p>\n\n\n\n

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Figure 1: Location and regional tenement plan<\/mark><\/figcaption><\/figure><\/div>\n\n\n
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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\u2019s discovery at Julimar.<\/p>\n\n\n\n

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)<\/em>.<\/p>\n\n\n\n

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Figure 2: Gravity image showing main prospects.<\/mark><\/figcaption><\/figure>\n<\/div><\/div>\n\n\n\n
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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. <\/p>\n\n\n\n

The combined landholding was effectively unexplored prior to Minerals 260\/Liontown commencing work.<\/p>\n\n\n\n

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:<\/p>\n\n\n\n