THE BOURSE WHISPERER: Metalicity (ASX: MCT) announced the acquisition of a further four prospecting and exploration tenements in the Kookynie Area in the Goldfields region of Western Australia.
On top of that, Metalicity received notification its applications on the Fraser Range North and two of the three Warburton tenements have now been granted.
“I am absolutely delighted we were able to peg and apply for this incredibly strategic and prospective tenure within the Kookynie Area,” Metalicity managing director and CEO Jason Livingstone said in the company’s announcement to the Australian Securities Exchange.
“We are making great strides towards consolidation of the Kookynie and Yundamindra gold projects through farm-ins and joint ventures, coupled with opportunistic pegging of ground to ensure that value is created for Metalicity shareholders.
“With part of the Warburton and the Fraser Range North projects being converted to live tenure, I look forward to working with the Traditional Owners to ensure access agreements are fair and equitable for all.
“Metalicity is growing a pipeline of projects headed by our Kookynie and Yundamindra farm-in agreements with incredibly prospective greenfields acquisitions.”
While Metalicity’s focus remains on the Kookynie and Yundamindra gold projects, the company highlighted that it is striving to create value through the development of a pipeline of projects within the gold and base metal space.
The Kookynie area especially has been subject to fractured ownership over a very long period and Metalicity considers, through well-structured farm-in/joint venture arrangements and being highly cognisant of competitor activities in the region, it is making great head way into re-consolidating the Kookynie area to ensure exploration is not hampered by arbitrary tenement boundaries.
Coupled with the grant of two exceptionally prospective nickel-copper and copper projects in proven, well-endowed provinces of the Fraser Range and Musgraves, this further illustrates Metalicity’s drive to develop a well credentialed pipeline of Projects to generate value for the company.