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Multiple High-Priority, Late-Time Bedrock VTEM Conductors Identified At Byro East Ni-Cu-PGE Project


Ground field checks and electromagnetic (EM) source plate modelling underway, drilling to commence in October 2022

HIGHLIGHTS


  • Preliminary data has been received from recently completed VTEM Airborne Electromagnetic survey (AEM) over the Byro East Ni-Cu-PGE project in the West Yilgarn nickel province in WA.

  • A total of 31 mid-to-late-time, high-priority bedrock EM conductors were identified.

  • The survey utilised the UTS Geophysics VTEM MAXTM time-domain AEM system, flying a total of 2,395-line-km and covering 602km2 of gneissic-mafic-ultramafic terrane prospective for magmatic nickel-copper-PGE sulphide-related mineralisation.

  • The survey targeted Julimar and Nova-Bollinger style Ni-Cu-PGE sulphide mineralisation forming electrically conductive targets.

  • Several Priority-1 AEM anomalies coincident with pipe-like gravity highs, magnetic highs and Ni-Cr-Cu mafic litho-geochemistry anomalies in soils have been identified and will be targeted for immediate follow-up field work.

  • Ground field checks and preliminary EM source plate modelling is underway.

  • Final VTEM survey data results to be announced in four weeks once final levelled data are received from UTS.

  • Drilling of AEM targets anticipated to commence in October, pending final plate modelling, Heritage clearances and statutory approvals.


Cosmos Exploration Executive Chairman, Jeremy Robinson said:


“The preliminary results from this AEM survey have exceeded our expectations, defining multiple high-priority targets having coincident geochemical and gravity anomaly signatures which we are excited to progress to the next stage. We undoubtedly have some first-class Ni-Cu-PGE sulphide drill targets to test in an under explored terrain of WA that forms a high-grade gneissic belt with known ultramafic related source rocks in a similar setting to the Chalice Gonville discovery to the south-west.


“Ground truthing and follow-up exploration is underway, along with modelling of the AEM targets to generate source bodies as EM conductor plates for drill-hole planning for a landmark drilling campaign scheduled to kick off in October this year.”