Expanded Grey Dam Nickel-Cobalt Project, Western Australia (100%, Ni-Co)
- Targetting nickel sulphide, kambalda style mineralisation
- very strong FLEM targets defined in Q1 2020
- results from first Ultra Fine Fraction sampling identified ultramafic sequence comprehensive second phase planned
- Exploration upside remains to be tested
- Lateritic Ni-Co resource –updated to JORC 2012 compliance
Mt Alexander Nickel – Sulphide Project, Western Australia (right to earn up to 80%, Ni-Cu-Co-PGE)
- Located immediately south and adjacent to ASX Listed St George Mining Cathedrals Ni deposit
- Shallow and high grade Cathedrals’ Ni-Cu-Co-PGE sulphide style mineralisation to be targeted
- 4 dominant east-north-east trending prospective “magnetic low” corridors interpreted
- UFF soil sampling identifeid anomalous zones in mafic ENE corridors
- FLEM survey to be completed
Kookynie Gold Project – Gold Project, Western Australia (right to earn up to 80% Au)
- Kookynie area has >650,000 oz historic high-grade gold production from high-grade quartz vein deposits dating back to late 19th century
- Carnavale entered into 12-month Option Agreement to acquire 80% of the Kookynie Project from Western Resources Pty Ltd and recently acquired 100% of P40/1480 and application E40/394.
- 5 tenements covering approx. 50 km2 within historic Kookynie Mining Camp
- 60km from Leonora and 150km from Kalgoorlie
- Strike extensions of historic high-grade deposits including Champion and Cosmopolitan
- Surrounded by Metalicity (ASX:MCT), Genesis Minerals (ASX:GMD) and Gti Resources (ASX:GTR)
- Underexplored wide spaced RAB and Aircore
- Intensive exploration program commencing November 2020
Ora Banda Gold Project – Gold Project, Western Australia (right to earn up to 80% Au
- 8km South of the Ora Banda Mining Centre and 65Km NW of Kalgoorlie
- 15km of strike along the Carnage shear that defines the Kurrawang Conglomerate and Black Flag Group contact
- Analogous to the +2Moz Invincible Gold Mine, discovered by Goldfields Ltd near Kambalda
- 4km and 1.2km long auger gold anomalies in the southern portion of the tenement package
- Significant shallow bedrock gold results from limited aircore and RAB drilling completed by previous explorers include:
- 14m @ 0.79g/t from 73m and 2m @ 1.56g/t from 90m to EOH in OBAC033
- 5m @ 2.29g/t from 116m to EOH in KWAC055
- Systematic exploration programme to be completed including soil sampling and aircore drilling
