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WA1 Resources owns 100% of three West Australian exploration projects considered prospective for copper, gold and nickel.
The company's objective is to discover a Tier 1 deposit in Western Australia’s unexplored regions, and have a positive impact on the remote communities within the lands on which it operates.
WA1’s flagship project is the West Arunta Project, located approximately 400km south of Halls Creek. The company’s other exploration projects are the Madura Project located near the Madura township in south-eastern WA, and the Hidden Valley Project located approximately 100km south of Kununurra.
Copper Focus – a future facing commodity
West Arunta Project - a Tier 1 IOCG Prospect with drill-ready targets
Madura Project – Hosts large scale greenfields anomalies considered prospective for IOCG mineralisation
Hidden Valley Project – contains a number of significant untested anomalies along-strike from IGO
Experienced Board in exploration, geology and commercialisation
Mr Lethridge has over 30 years’ experience via various successful mid-tier, growth and multinational companies. Most recently he was Executive Director – Finance at Echo Resources Limited.
Non-Executive Chairman
Mr Lethridge has over 30 years’ experience via various successful mid-tier, growth and multinational companies. Most recently he was Executive Director – Finance at Echo Resources Limited.
Prior to this he held the role of Managing Director at Talisman Mining Limited for seven years. Mr Lethridge’s career has included senior executive roles as Executive General Manager – Corporate, CFO & Company Secretary at the highly successful Jubilee Mines NL until its $3.1 billion takeover by Xstrata Plc, as well as Australian CFO of LionOre Mining International Limited.
In addition he has also held non-executive director roles with Helix Resources Limited (Chair), Northern Star Resources Limited and Falcon Minerals Limited. Mr Lethridge holds a Bachelor of Commerce degree from the University of Western Australia. The Board considers Mr Lethridge as an independent Director.
Mr Savich has 15 years’ experience, including 10+ years working for ASX listed resources companies. Mr Savich is currently Executive Director of SilaTEC Pty Ltd.
Managing Director
Mr Savich has 15 years’ experience, including 10+ years working for ASX listed resources companies. Mr Savich is currently Executive Director of SilaTEC Pty Ltd, a private company focussed on the identification, incubation and development of grassroots resources projects and has a track record of successful transactions with ASX listed companies.
Prior to this Mr Savich worked at Echo Resources Limited where he was employed as General Manager – Corporate & Compliance and Company Secretary and oversaw the acquisition of the Bronzewing Gold Project and merger with Metaliko Resources Ltd.
Mr Savich started his career in Audit, Assurance & Advisory before moving into Corporate Finance at Deloitte (Perth). Mr Savich holds a Bachelor of Commerce from Curtin University, has completed the Chartered Accountants (CA) program and has completed a Master of Applied Finance through the Financial Services Institute of Australasia. The Board considers that Mr Savich is not an independent Director.
Mr Parker is a geologist with over 35 years’ experience in exploration, resource and mining roles, with a focus on exploration, project evaluation and project generation primarily for base metal and gold deposits.
Non-Executive Director
Mr Parker is a geologist with over 35 years’ experience in exploration, resource and mining roles, with a focus on exploration, project evaluation and project generation primarily for base metal and gold deposits.
His former roles include key geological positions at IGO (Chief Geologist – Nickel, Chief Geologist - Base Metals and later Chief Geologist) from 2003 – 2017, consultant to IGO 2000 – 2003, as well as roles at Resolute Limited and other companies. The teams he has led and worked with have had success finding and expanding resources from near-mine to greenfields settings for Ni-Cu sulphide, gold and VMS deposits.
Since 2017 Mr Parker has advised exploration groups re project generation, project opportunities and exploration approaches on projects. Mr Parker has a B.Sc. (Hons) degree from the University of WA and an M.Sc. from Queen’s University in Canada. Mr Parker has recently agreed to accept a role with Sandfire Resources Ltd as Principal Technical Geologist. The Board considers Mr Parker is not an independent director.
Mr Bradley is a Chartered Accountant with 14 years’ experience in the resources industry based in Perth and London. Mr Bradley is Chief Commercial Officer of Agrimin Limited (ASX: AMN) and has been responsible for leading the world-class Mackay Potash Project through its feasibility, off-take and project financing.
Non-Executive Director & Company Secretary
Mr Bradley is a Chartered Accountant with 14 years’ experience in the resources industry based in Perth and London. Mr Bradley is Chief Commercial Officer of Agrimin Limited (ASX: AMN) and has been responsible for leading the world-class Mackay Potash Project through its feasibility, off-take and project financing.
Prior to this Mr Bradley worked as a Resources Analyst covering a broad range of companies. He is experienced in capital markets, financial modelling, marketing and compliance. Mr Bradley is a member of the Institute of Chartered Accountants and holds a Bachelor of Commerce from the University of Western Australia and a Graduate Diploma in Mineral Exploration Geoscience from Curtin University. The Board considers that Mr Bradley is not an independent Director.
Copper (Cu) is a ductile metal that's an excellent conductor of electricity.
More than half the world's copper is used in electrical motors, wiring or anything that requires electricity.
Renewable energy infrastructure will be the single largest driver of demand for copper, and the projected pipeline of new copper mines is currently the lowest this century.
The price of copper is sitting near all-time highs (Dec 21).
The West Arunta Project is located approximately 700km West Northwest of Alice Springs and includes one granted exploration tenement covering an area of 251km² and two exploration licence applications (16km²).
An Iron Oxide Copper Gold (IOCG) mineralisation model is being explored for within the exploration project area, although other mineralisation models are also applicable and may be explored for. The West Arunta Project contains three key prospects being the Pachpadra, Sambhar and Urmia prospects.
The Madura Project tenements are located approximately 540km east of Kalgoorlie-Boulder, with non-contiguous tenements extending as far south as near the Western Australian south coast. The exploration project consists of two granted Exploration Licences and three Exploration Licence applications in the Madura Province of south-eastern Western Australia, covering an area of 420km².
Prior to applying for the tenements in 2021, the tenements had historic exploration in the form of airborne geophysical surveys and a regional stratigraphic hole by the GSWA. Much of this work was concentrated around the northern most tenement, where indicators for Cu-Au source and host rocks are documented.
There is potential for gold-copper mineralisation of an IOCG affinity, and this is the basis for the proposed exploration program within the exploration project area.
The Hidden Valley Project comprises one Exploration Licence application for 220km² located 150km south of Kununurra, Western Australia. The tenement is geologically located within the Osmond Ranges, with work completed by previous explorers covering geophysical and surface geochemical surveys, geological mapping, and prospecting. While several anomalous indicators for gold and copper have been identified, no drilling has been undertaken.
The exploration project has been explored for multiple commodities, including diamonds, Cu, Pb, Zn, Ni, Co, PGE’s, Fe and Au, and is considered prospective for sediment hosted massive sulphide (SHMS) Pb-Zn-Ag and magmatic Cu-Ni mineralisation.
WA1 is raising funds raised for exploration and development of one of its three projects located in Western Australia.