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Exploration Resource Extraction & Processing

UPDATE ON DEEP HOLE DRILLING IN WEST PILBARA

Update on ASD-2, part of the West Pilbara deep hole drilling program.

HIGHLIGHTS

  • Hole ASD-2 was collared on 25 July 2018, is currently at 444.9 metres at 6am 10 August 2018.
  • ASD-2 collared in Tumbiana Formation sediments (as with ASD-1) and currently is within the second stratigraphic unit of Kylena Formation Basalts and Tuffs, which was intersected at 156.6 metres. The Hardey Formation is expected to be intersected at around ~495 metres.
  • Delivery of the first 800m of drill hole ASD-1 to the CSIRO for Minalyzer XRF is scheduled for the 20-21 August 2018.
  • After CSIRO have completed Minalyzer XRF, the core will then be sent to the GSWA core library for HyLogger scanning and for storage as part of the Western Australian Exploration incentive Scheme (EIS) funding programme.
  • Interim reports for drilling and geological logging of ASD-1 are being prepared to be sent to the Exploration Incentive Scheme (EIS) a programme run by the West Australian government through the Department of Mines Industry Regulation and Safety (DMIRS), which has assisted in co-founding of the deep drilling programme.
ASD-1 Results

The initial results of ASD-1 have increased the prospectivity of the Balmoral project area for shallower than previously thought mineral targets.

The ASD-1 core is being prepared to be delivered to CSIRO on 20-21 August 2018. The Minalyzer integrated system, designed by CSIRO, provides high resolution non-destructive XRF analysis with inbuilt QA/QC software, coupled to high resolution core photography with digital structural logging including semi-automatic fracture density analysis and specific gravity.

This fully quantitative logging of the drill core can then be integrated with geochemical multi-element assay results from core assay.