Sylvania

PROJECTS

Sylvania

Overview

The Sylvania Project is located in the Pilbara region of Western Australia approximately 70km southeast of the regional mining town of Newman. The Sylvania Project comprises a single granted exploration licence (E52/3861) which covers an area of approximately 138km2.

The Sylvania Project is located entirely within the central southern portion of the Sylvania Inlier in Hamersley Basin at the southern margin of the Pilbara Craton. The project is interpreted to predominantly host granitic units of the Sylvania Inlier. In the northern portion of the exploration licence, a greenstone intrusion has been identified and is considered prospective for Archean gold and for magmatic nickel-copper-PGE sulphide mineralisation associated with komatiitic basalt flows and related sub-volcanic feeders of the Archean Fortescue Group.

AAM Resources has entered into a Nyiyaparli Heritage Agreement with Kalka Nyiyaparli Aboriginal Corporation RNTBC on behalf of the Nyiyaparli People in respect of E52/3861.

Sylvania
Sylvania

Exploration History

The Sylvania Inlier has been extensively explored with previous companies conducting significant early-stage exploration for iron, uranium, base metal (Cu, Pb, Zn and Ni), diamonds and gold however no drilling has been completed over E52/3861. Previous holders Rio Tinto Exploration Pty Ltd, Atlas Iron Limited and BHP Limited have held overlapping tenure in the past and conducted exploration programs focused on searching for iron ore deposits. Base metals directed exploration commenced in and around the area in the 1970s and continued into the early 1980s with exploration resulting in the discovery of numerous geochemical anomalies and several small deposits of Ag, Pb and Zn within the surrounding area.

Exploration Potential

AAM Resources intends to focus exploration on key concepts and targets which have not been rigorously tested, including the magnetic high in the northern parts of the tenure interpreted as a possible greenstone granite intrusion and a series of northwest trending structures that may host Ni-Au mineralisation. AAM Resources intends on testing these features by proposing to conduct a surface geochemical sampling program, a review of the structural geology and lithology and testing then northwest structures with RAB drilling. Thereafter, and depending on exploration success, more regional, structural, geochemical and geophysical targets will be investigated.

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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