Yamarna Project JV, WA (AUC interest 49%)
The Yamarna Project is located approximately 125km north-east of Laverton in central Western Australia on Exploration Licenses E38/2129. The project covers 300km2 of prospective ground over the Yamarna Greenstone Belt, the eastern most Archean greenstone belt in the Yilgarn Craton.
In 2018, Ausgold entered into a Farm-in and Joint Venture Agreement with ASX-listed mineral exploration company Great Boulder Resources Limited.
Past exploration by Ausgold identified disseminated sulphides (up to 10%) comprising chalcopyrite (copper-iron sulphide), pentlandite (iron-nickel-sulphide) and pyrite (iron sulphide) contained within mafic-ultramafic rocks. A review by Fathom Geophsyics identified nine Ni-Cu-Co, four PGE and 15 gold targets in the project area based on geophysical responses combined with structural complexity and favourable interpreted lithology.
Ausgold will continue to progress the project with low-cost, targeted exploration.