Rox Resources has entered an agreement with Falcon Minerals to acquire the Collurabbie nickel gold project, north of Kalgoorlie in WA.
Under the $25,000 agreement, Rox will acquire 100 per cent of the project’s tenements, covering 63.1km2. The company has also applied for adjoining tenement areas covering more than 59km2 – creating a total project area of 122.5km2.
“The nickel sulphide discovery at Collurabbie was the talk of the town a few years ago, but lack of exploration during and since the GFC means the opportunity to define more extensive mineralisation there is still extremely attractive,” Rox managing director Ian Mulholland said.
“In addition there’s the gold aspect which really hasn’t been looked at.”
The project is 70km east of Rox’s Fisher East nickel sulphide and Mt Fisher gold projects, with the company adding that the new acquisition will fit well with their portfolio.
“The project fits nicely with our Fisher East nickel sulphide project, and being within 70km means that any mineral resources we define at Collurabbie can be easily trucked to Fisher East for processing should that development occur,” Mulholland added.
“That option hasn’t existed for this project before.”
Earlier this year Rox Resources planned to announce a large zinc resource at its Teena zinc project in the Northern Territory. The project is believed to contain approximately 20 per cent of the world’s zinc reserve, and will be the largest zinc resource in Australia in the last twenty years.