Diemals – Li/REE (100% WCN) 2,427km2

Location and Tenure

The Diemals Li/REE project consists of 6 tenement applications, (E77/2880 to E77/2885) within the Southern Cross Belt, located 185km north of Southern Cross and 75km east of Paynes Find.

Geological Setting

The project area is underlain by deeply weathered granites west of the Southern Cross greenstone belt with recent reinterpretation of detailed aeromagnetic data by Nimy Resources suggesting the northern tip of the Forrestania greenstone belt terminates within the western tenement area.

Figure 1: Diemals Li/REE project, tenement location, CSIRO sampling points and 1,860ppm Ce sample site for immediate follow up, and showing White Cliff tenement location relative to Nimy’s Mons nickel sulphide project

Exploration history and potential

Large area located near Diemals, located 185km north of Southern Cross and 75km east of Paynes Find. The area of the six tenements at Diemals total 783 blocks are effectively unexplored. Very strong Ce responses up to 1,860ppm in ferruginous lateritic material based on the laterite Geochemical database for the western Yilgarn Craton (YLA) published by the GSWA1. Additional results suggest the responses are part of a westerly trending zone. The outlined area represents the primary target to be investigated with just 2 samples in an area of 55km2.

1Cornelius, M., Robertson, I. D. M., Cornelius, A. J., Morris, P. A., 2007 Laterite geochemical database for the western Yilgarn Craton, Western Australia: Western Australian Geological Survey, Record 2007/9, 44p.

The surface ferruginous concentration may represent REE mineralisation within the clay profile analogous to the inferred primary source of the clay hosted Koppamurra REE deposits held by Australian Rare Earths Limited (ASX:AR3) in South Australia.

Figure 2: Diemals Li/REE project overlaid on magnetic image, CSIRO sampling points and 1,860ppm Ce sample site for immediate follow up, and showing White Cliff tenement location relative to Nimy’s Mons nickel sulphide project.