Great Western Exploration Ltd. said Dec. 13 that it moved to consolidate its land holdings in Western Australia's Yerrida Basin, potentially a major source of vanadium, nickel, cobalt, copper, lead and zinc.
Great Western pegged a further 1,500 square kilometers to its existing 2,800 square kilometers over the past nine months, then acquired an additional 1,040 square kilometers by purchasing the Yerrida tenements held by Metalicity Ltd. and Stella Resources Pty. Ltd. for a total of A$60,000 and 45 million shares.
The company said it is in the process of incorporating data from its newly acquired areas into its 2019 exploration program.
Great Western has completed drilling at the Chisel prospect, part of its Yerrida South property, and reached a joint venture agreement with Sandfire Resources NL last year to explore Yerrida North.
In November 2017, the company acquired an area in Yerrida that included the Finlayson gold prospect and surrounding nickel-cobalt-copper prospective areas.