Bungalally

Broad Overview

The Bungalally HMS project is currently at an exploration & evaluation stage and is located approximately 10km south of Horsham. The project is held 100% by WIM under RL 006571 (application).

WIM has completed two drilling programs & has defined a Maiden Mineral Resource Estimate, as detailed below. WIM's current understanding of the projects key characteristics are as follows:

  • Resource Estimate of 205 million tonnes @ 2.7% THM (JORC 2012, Inferred)
  • Shallow mineralisation over much of the project area
  • Nearby to existing infrastructure: rail, roads, power, water & several major Ports

Location and Infrastructure

The Bungalally project is located approximately 10km south of Horsham, in Victoria. The project area is nearby to existing, roads, rail, gas, power & water.

Local Geology

The Bungalally deposit is hosted within the Loxton Parilla Sands, which are well known in the Murray Basin to host economic HMS deposits. The project is adjacent to the WIM 150 HMS project. Drilling over certain parts of the deposit indicate very shallow mineralisation (see generalised geological cross section below).

 

Mineral Resource Estimate

In conjunction with mining experts Optiro Pty Ltd, WIM has defined a Maiden mineral resource estimate for the Bungalally deposit - 205mt @ 2.7% THM (JORC 2012, Inferred). Preliminary mineralogy test work indicates a positive mineral assemblage, with low overall trash HM & high Zircon content of 21%.

Table below shows the 2015 Mineral Resources reported above a cut-off grade of 1.0% THM, for the Bungalally Project.

Project Status

Further drilling & mineralogical test work will be undertaken over the next 6 months.