Byro East Project
The Project is geologically located on the north-western margin of the Yilgarn Craton, in the Western Gneiss Terrane, approximately 300km north-west of Geraldton, Western Australia. The Yilgarn Craton has been divided into a series of major provinces, terranes, and domains and is globally significant for gold and nickel endowment, including other base metals and industrial minerals. The Narryer Terrane is a sub-set of the Yilgarn Craton that has been historically underexplored in the view of RareX compared to other parts of the Craton.
The Bryro East Project is made up of 5 tenements primarily prospective for intrusive related Ni-Cu-PGE deposits and orogenic gold mineralisation. The main tenement package lies 35km to the southwest of Desert Metals (ASX: DM1) Innouendy prospect with the Company announcing on 4 May 21 the intersection of massive magmatic sulphides, thought to be the first in the Narryer terrane. This intersection validates the intrusive related Ni-Cu-PGE exploration model applied by RareX and significantly strengthens the deposit type prospectively for the region.
Cosmos intends to undertake a systematic review of all available geophysical data in order to plan and execute a ground-based exploration program on the targets identified.