- Western Yilgarn (WYX) reports “significant” exploration progress at its Bulga and Boodanoo projects in Western Australia during the March 2023 quarter
- At Bulga, WYX announced a potential lithium-caesium-tantalum (LCT) pegmatite over a significant seven-kilometre-by-two-kilometre anomaly
- Meanwhile, the company reported promising results from an initial auger geochemistry program at its Boodanoo project, identifying potential LCT pegmatites over a three-kilometre-by-two-kilometre anomaly
- At the quarter’s end, WYX held cash and cash equivalents of $2.78 million
- Shares in WYX are trading at 9.5 cents at 12:30 pm AEST
Western Yilgarn (WYX) has reported “significant” exploration progress at its Bulga and Boodanoo projects in Western Australia for the three-month period to March 31, 2023.
On March 2, 2023, the company announced encouraging results at Bulga following an auger geochemistry program that identified potential lithium-caesium-tantalum (LCT) pegmatite targets over a significant seven-kilometre-by-two-kilometre anomaly.
At Boodanoo, the company also reported promising results from an initial 234-hole auger geochemistry program on a 160- by-100-metre grid.
Portable x-ray fluorescent screening of the phase one samples identified follow-up targets including potential LCT pegmatites over a three-kilometre-by-two-kilometre anomaly.
The company also reported a potential gold target.
Western Yilgarn was met with a roadblock during the quarter, however, as it faced further delays to the granting of its application for its Darling Range project.
The company said during the quarter, it continued with its dialogue with the government at both ministerial and departmental levels in relation to the application.
Western Yilgarn Chairman Peter Lewis said despite the delays, progress at its Bulga and Boodanoo projects was encouraging for the quarter.
“Despite delays to the grant of the application for the Darling Range PGE project, the March quarter has delivered strong prospectivity for LCT pegmatites on no less than two project fronts, Bulga and Boodanoo,” Mr Lewis said.
For the quarter, the company spent a total of $454,000 on exploration expenditures.
At the quarter’s end, Western Yilgarn held a balance of cash and cash equivalents of $2.78 million.
Shares in WYX were trading at 9.5 cents at 12:30 pm AEST.