Byro East Project
100%-owned by Cosmos with similar geological setting to Julimar (Gonville) and Nova Bollinger deposits
Nickel Copper PGE minerlisation
Rare Earths Ironstone minerlisation
Rare Earths clay hosted minerlisation
Work to date has included extensive geophysical and soil sampling programs identifying multiple targets
Drilling to commence in October 2023
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.