Pinnacle Minerals Ltd (ASX: PIM), a renowned exploration company, is delighted to announce the application for the Wirrulla Project (ELA 2023-00031) based in Wirrulla, South Australia. The project, marked by a distinctive circular magnetic feature akin to a Mount Weld style intrusion, offers promising prospects for Rare Earth Element (REE) mineralisation in both carbonatites and clays.
Historical explorations by Diamond Ventures in 1995, while primarily focused on locating kimberlites, revealed significant concentrations of apatite, reaching up to 15%, a characteristic of carbonatites. Also noted were phosphorous levels between 2.3% and 3.74% P2O5. Furthermore, the presence of a partly graphic granite pegmatite was detected in a previously drilled hole, CAR1-1, though no further follow-up work was performed due to the then-focus on diamonds.
The unique geological features of the Wirrulla Project, along with the relative under-exploration of the region, signify an untapped potential for REE exploration. Thus far, the region has primarily been explored for heavy mineral sands, with numerous instances of pink to red clays associated with REE's.
As the application process is ongoing, Pinnacle Minerals is planning reconnaissance soil sampling over areas of interest, aiming to set benchmarks and outline new target areas for future investigation.
Nic Matich, Managing Director of Pinnacle Minerals, expressed his excitement for the upcoming venture, stating, "The Wirrulla Project was applied for after an extensive review of historical data and is considered a highly prospective target for both hard rock and clay hosted REE’s. The team is excited about the potential of the project and will look to conduct first pass exploration this half to delineate potential targets for follow up in H1 2024.”
Stay tuned for more updates on the Wirrulla Project as Pinnacle Minerals sets its sights on discovering new REE potentials.
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About PIM:
Pinnacle Minerals Ltd (ASX: PIM) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of kaolin, halloysite, battery metals and Heavy Mineral Sands prospective projects in Western Australia and South Australia. The Company is focused on delineating resources at its Bobalong and Holly Kaolin Projects in the Great Southern region of Western Australia whilst simultaneously expanding its’ project portfolio through targeted acquisition of prospective ground. Drilling and a scoping study have been completed at Bobalong, with results indicating the potential for a high value direct shipping ore (DSO) product. The White Knight and Camel Lake Projects are strategically located adjacent to Andromeda Metals’ (ASX: ADN) high-grade kaolin-halloysite discoveries in South Australia. The Latham and Tammin projects are adjacent to Chalice Mining Ltd (ASX: CHN) Mid-West Project and Anglo Americans’ (LON: AAL) Southwest Yilgarn Exploration Project respectively, which have multielement exploration potential.
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