NickelSearch Well-funded for Nickel and Lithium Exploration at Carlingup

THE CONFERENCE CALLER: NickelSearch (ASX: NIS) anticipates a “very busy six months” as it puts an underwritten $2.4 million raising towards more exploration at its Carlingup nickel project. By Ngaire McDiarmid.

Speaking with The Resources Roadhouse on the sidelines of the 2023 RIU Sydney Resources Round-up, managing director Nicole Duncan said the company was firmly focused on nickel sulphide at Carlingup, near Ravensthorpe in Western Australia, but was also investigating the project’s newly-defined lithium potential.

Carlingup currently hosts a recently-updated resource of 8.3 million tonnes for 155,000t of contained nickel.

Duncan told Resources Roadhouse the company was “on the ground drilling at the moment”, with RC drilling focused on greenfield nickel sulphide targets Serendipity, B1, Lipple and Wadley.

Diamond drilling was planned to test the strong electromagnetic conductor found earlier this year at the Sexton nickel sulphide target, Duncan said.

“We’re also going to be putting diamond holes into [the former high-grade nickel sulphide mine] RAV8, to test if there are extensions to the high-grade nickel shoots,” she said.

The money would also combine with state government EIS co-funding to drill a base metals volcanogenic-hosted massive sulphide target, west of RAV8, Duncan added.

As for Carlingup’s new lithium potential, NickelSearch had “boots on the ground” activities planned including mapping and rock chip sampling to test high-priority target areas, about 10km from Allkem’s Mt Cattlin lithium mine.

“It’s early days, but exciting,” Duncan said.