Lefroy pounces on new WA mineral frontier
ASX-listed Lefroy Exploration has laid claim to unearthing an emerging nickel-copper and platinum group element, or “PGE” province 210 kilometres northeast of Wiluna. The company has pegged five contiguous exploration licences, named Glenayle, covering a whopping 2735 square kilometres in a new mineral frontier targeting a large igneous province within the Proterozoic Salvation Basin sedimentary sequence in Western Australia.
The global push towards renewable energies and electric vehicles, with its associated surge in base metal prices, may well be a force driving the exploration sector to venture into new unexplored geological frontiers.
Lefroy has been developing a few of its own wild conceptual ideas in the quest to identify new areas in Western Australia prospective for nickel-copper mineralisation. In its assessment, the company identified the thick sedimentary sequence of the Salvation Basin is intruded by a series of mafic-rich dolerite and gabbro sills belonging to the Warakurna Large Igneous Province, or “LIP”, which extends roughly on an east-west trend from the Bangemall Basin in the west to include the Giles layered intrusive complex in the east for a length of approximately 1500 km.
Lefroy is gearing up to explore its own patch of dirt in an unexplored mineral province, everyone will be keen to see if Lefroy can recreate the exploration-boom of the South West Mineral Terrane and discover another world-class nickel province.