Basic Materials

Dundas Minerals to proceed to drilling in southwest WA

Thu 28 Apr 22, 2:55pm (AEST)
File photo: in-situ Nickel deposits
Source: File photo: in-situ Nickel deposits

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Key Points

  • Company to proceed to drilling at both prospects at earliest opportunity
  • Audiomagnetotelluric (AMT) surveys completed at southwest WA Matilda South and Central prospects targeting nickel, copper
  • Large anomalies thought to present at Central Target, key target areas discovered at Matilda South

Dundas Minerals (ASX:DUN) has released its quarterly report for the period ending March 31 2022, highlighting the company’s ambitions to commence drilling onsite its southwest WA acreage in the near future. 

The results of an AMT study have confirmed what the company’s geologists believe to be large sulphide anomalies underground at the Central Prospect, and further key areas found in the Matilda South Prospect.

Further exploration was carried out during the quarter with the company identifying nickel-copper prospects project-wide in a helicopter airborne electromagnetic survey and a secondary ground gravity survey. 

Magnetic survey covering the Central Target and Matilda South prospects
Magnetic survey covering the Central Target and Matilda South prospects

Drilling permits under assessment and en route 

Dundas Minerals managing director Shane Volk noted last week the company is moving ahead with the permitting process for the Central and Matilda South targets. 

“We continue to work at finalising plans and obtaining approvals for the commencement of maiden drilling programs for the both the central exploration target and the Matilda South target,” Volk said. 

Matilda South of previous international interest

Much of Dundas Minerals’ southwest WA acreage under WA exploration licence E63/2056 was previously held by Canadian junior explorer IGC Resources Inc., from 2005 until 2009 (via its Australian subsidiary Goldport Pty Ltd).

The company believes that IGC Resources never extended its exploration opportunities to the possibility untapped mineralisation remained onsite at economically feasible depths. IGC was made aware of this in 2006 but never moved forward.

Dundas Minerals’ share price is currently trading at a discount to its original float price when it first listed in November last year. 

Dundas Minerals' charts since launch late 2021
Dundas Minerals' charts since launch late 2021

 

Written By

Jonathon Davidson

Journalist

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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