Located in the richly endowed Laverton region of Western Australia, the Laverton Downs Project (LDP) has demonstrated potential to host both gold and nickel sulphide mineralisation. The LDP commences just 20 kilometres north of Laverton in the Eastern Goldfields where it occupies some high potential mineralised real estate. World-class neighbouring mines include; Granny Smith (Au), Sunrise Dam (Au), Mt Morgans (Au), Mt Windarra (Ni), Wallaby (Au), Rosemount/Garden Well (Au).
Recently CSA Global completed a study covering geochemistry, litho-structural, and mineral systems analysis and target generation – a similar program to the one they completed over the Lake Wells (Yamarna) Gold Project that contributed to the Earn in Joint Venture with St Barbara Ltd. CSA have concluded that the Project prospective for both gold and nickel sulphide deposits.
Initial interest in the LDP came after the publication of regional-scale prospectivity studies, primarily the pmd*CRC Y4 project. As a predictive tool for gold mineralisation, the Y4 project indicated that the LDP is highly ranked, containing many of the ingredients that other world-class gold deposits exhibit. APC has continued the mineral systems analysis through industry consultants CSA Global and distilled all available data into discrete targets, along with additional conceptual goals that have received little or no compelling exploration.
The LDP comprises three granted tenements, E38/2724, E38/3014 and E38/3132, with three pending tenements, E38/3402, E38/3403, E38/3404.
CSA Global has completed a desktop review the LDP that concluded:
Outcomes from the CSA Global review were generated from the following:
Based on the work compiled by CSA, APC is highly encouraged to continue to explore the LDP, and the Company is actively seeking commercial solutions to fund the necessary exploration work.
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Australian Potash Limited:
Suite 31, 22 Railway Road
Subiaco Western Australia 6008
PO Box 180
Subiaco Western Australia 6904
Tel: +61 8 9322 1003
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