Galaxy consolidates tenement holdings

Galaxy has announced three developments to consolidate its tenement holding in the Ravensthorpe region of Western Australia.

Galaxy has announced three developments to consolidate its tenement holding in the Ravensthorpe region of Western Australia.

The company has secured 100% ownership and control of two additional mining leases in the Mt Cattlin area, previously part of the Ravensthorpe Joint Venture (JV) with Pioneer Nickel.

The tenements are contiguous with Galaxy’s mining leases and tenement applications surrounding the Mt Cattlin lithium-tantalum project and are considered highly prospective for further lithium-tantalum bearing pegmatites.

Galaxy has also secured 100% ownership of two Aerodrome tenements which were previously held within a JV with Pioneer Nickel.

Pioneer was focused on the nickel potential of the tenement package, with results not providing suffi cient encouragement to continue expenditure.

The tenements lie around 10 kilometres west of the Mt Cattlin project.

Galaxy’s application for a tenement that covers a large area of subcropping pegmatite in the Bakers Hill area has been approved by the Department of Mines and Petroleum.

The Bakers Hill project is 20 kilometres south-east of Mt Cattlin and holds the potential for a large-scale lithium-tantalum resource. Galaxy continues to focus on the Mt Cattlin project but sees great benefit in strengthening its tenement portfolio in the region.

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