THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.
Northen Minerals completed the rock chip sampling program at John Galt in October last year.
Although the project already contains a heavy rare earth prospect, Northenrn Minerals focused this program on an area to the south of the Heavy Rare Earth Prospect on previously identified copper occurrences.
Of 24 samples collected and analysed, 12 returned assays of greater than one per cent copper with the higher-grade copper samples mostly occurring in a cluster over 500m of strike length.
Northern Minerals acknowledged its primary focus on rare earth elements, indicating the discovery of copper mineralisation provides potential for commodity diversification, particularly for a company focussed on electric vehicles and sustainable power generation.
The company plans to undertake further geological mapping, a follow up soil sampling program and a ground geophysics program, following the end of the wet season.
Based on these results, a drilling program may be considered for the June quarter.
“These copper results were an unexpected bonus for our exploration program at John Galt,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.
“While we are at our core a rare earth focused company, we will always look at ways to add value for our shareholders.
“As with rare earths, copper is an important element in the electric vehicle revolution given its widespread use in these vehicles.
“It is early days with respect to these copper results, however we are extremely encouraged by the widespread and high-grade nature of the results received.
“With the performance of Browns Range improving every day and nearing nameplate capacity, we are confident of a good year ahead.”