Palladium Nickel Copper Potential at Coates Project

Palladium Nickel Copper Potential at Coates Project

AVL to investigate nickel-copper-platinum group elements potential of Coates Project vanadium deposit

KEY POINTS

• The Coates Project vanadium deposit is located on a southern extension of the mafic-ultramafic sequence, host to the recent nickel-copper-platinum group elements (PGE) discovery at Julimar project by Chalice Gold Mines (ASX:CHN).
• AVL has an approved Programme of Work to conduct drilling at Coates Project for magnetite-hosted vanadium, with the drill plan being refined to include nickel, copper and PGE targeting.
• Coates Project is approximately 60km east of Perth in the mafic-ultramafic rocks of the Jimperding Metamorphic Belt.
• The 2019 joint venture term sheet with Ultra Power Systems Ltd (UPS) is terminated.