Portion of acquired historical drill core

Nickel Chrome Copper PGE Anomalies Identified at Coates Project

Highly encouraging Copper and PGE soil anomalism at Coates Project comparable with Chalice Gold Mines Julimar Project soil signatures

  • AVL is exploring for nickel, base metals, gold and platinum group elements (PGEs) at its Coates Project near Wundowie 80km NE of Perth in WA.
  • The Project covers a southern extension of similar mafic-ultramafic rocks to the sequence that is host to the Chalice Gold Mines’ nickel-copper-PGE Julimar Project (ASX:CHN) 29 km NNW of Coates.
  • Initial soil survey highlights prospective sequence of Ni, Cu, PGE bearing rock untested by recent exploration.
  • Copper anomalism at the project comparable with significant soil signatures at Chalice Gold Mines’ Julimar Project[1].
  • Elevated nickel and chrome in soils, new PGE anomaly identified in NW of soil grid.
  • Priority follow up work planned on soils and EIS funded drilling program in Q4 of 2021.
  • AVL participating in SkyTEM airborne electromagnetic (AEM) survey over the Coates Mafic Complex planned for August 2021 to define potential massive sulphide conductors.
  • 200m of historical diamond drill core from Coates Project secured for PGE and base metals analysis.

[1] See CHN ASX announcement “Corporate Presentation – July 2021”, dated 7th July 2021

Nickel Chrome Copper PGE Anomalies Identified at Coates Project View PDF (2MB)
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