ASX:MTM 22 April 2022
KEY TENEMENT SECURED AT RAVENSTHORPE
PROJECT FOR NICKEL AND LITHIUM EXPLORATION
Highlights:
Important tenement application secured in the centre of the Young River
prospect
Area contains ultramafic rocks interpreted to be the continuation of the
Lake Johnston greenstone belt
Known nickel mineralisation including the Boanaernup nickel laterite
deposit, where historic result includes:
o ~9.1m @ >1% Ni and 0.11% Co from ~21.3m depth
Limited historical work exploring for nickel sulphides
Lithium, graphite and REE potential untested by previous exploration
MTM daily at a daily chart supply level although it has turned higher. Needs to close above 24.5 to be of any real interest at this stage.
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