Melbourne

PROJECTS

Melbourne

Overview

The Melbourne Project comprises two granted exploration licences (E70/5767 and E70/5921) both located in the Wheatbelt region of Western Australia. The surrounding area is interpreted to lie within the South West Terrane of the Yilgarn Craton in proximity to its ill-defined boundary with the Murchison Domain of the Youanmi Terrance. Western Yilgarn has entered into a Noongar Standard Heritage Agreement with the South West Aboriginal Land and Sea Council who act on behalf of the Yued Agreement Group with respect to E70/5767.

Melbourne
Melbourne

Exploration History

Despite a lack of modern minerals exploration conducted of the tenure, Western Yilgarn considers the Melbourne Project to be prospective for Caravel-style copper-molybdenum mineralisation which is interpreted to lie some 15km southeast of the project at Caravel Minerals Limited’s Caravel Copper Project.
The Melbourne Project is a conceptual, early stage nickel-copper-PGE exploration project for which only cursory exploration has been completed to date. To test this concept, a systematic exploration program is proposed to test several magnetic anomalies located along the interpreted north-western strike extensions to Caravel Mining’s Copper Project.

Exploration Potential

Western Yilgarn interprets the Melbourne Project as prospective for ultramafic intrusives under laterite cover located along a regionally significant structure associated with the modelled Yilgarn Craton granite greenstone contact and which also intersects the Caravel project area. Within the Caravel Project, mineralisation at the Bindi West prospect consists of coarse-grained chalcopyrite and molybdenite in a gneissic host rock, while mineralisation at Calingiri is interpreted to be either porphyry or skarn mineralisation.

As part of its exploration strategy for the area, Western Yilgarn plans to undertake a compilation of the available technical data along with geological mapping, geochemical sampling and geophysical surveying. Analysis of the results from these programs will then be carried out to highlight targets with the potential to host significant polymetallic base metal and/or gold mineralisation. Subject to the results of the data assessment phase, a program of reconnaissance air core drilling is proposed.

THE COMPANY

The Company’s new management team recently executed a strategic restructure which included the divestment of international subsidiary projects and acquisition of new, highly prospective land holdings located in some of Australia’s emerging Nickel- PGE-Gold regions.

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PROJECTS

The Julimar West project covers a total area of 349km2 within the Darling Ranges located approximately 75km northeast of Perth, Western Australia and PGE Projects (comprising the Mount Magnet,  Sylvania, Bulga and Melbourne Projects) are primarily located in the Eastern Goldfields and Pilbara regions of Western Australia.

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INVESTORS

WYX is dedicated to pursuing early-stage exploration opportunities with a diversified portfolio of highly prospective assets have been strategically selected for their potential for growth and ability to deliver value for shareholders. A unique investment exposure to one of the most globally significant Nickel-PGE deposits in the last 20 years.

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