Redstone Resources have nailed down the source of nickle, with its West Musgrave project excitingly lining up with the ultra mafic-ultramafic host of BHP’s world class Nebo Babel deposit just 40 kilometres away in Western Australia.
The company has been targeting intrusions with the norite affinity outside its established Tollu copper deposit, and discovery of mafic-ultramafic intrusions which serve as the host rocks for topflight nickel, copper, cobalt and platinum group deposits significantly upgrades the project’s prospectivity.
Geochemistry suggests highly desirable gabbro‐norite, and work will now begin to confirm the classification, and whether any of the nickel is in a sulphide phase as drilling continues.
It comes only two days after assays from the campaign extended the high-grade zone at West Musgrave, including a 1m @ 18.5% copper strike which stands as a new project record as the Redstone look to build on a 3.8 million tonnes at 1% copper resource.
While not trading at the record hights struck last year, industry figures have continued to bang the drum on impending shortfalls of nickel and copper, no more so than neighbouring BHP, who continue to put a target on the commodities while leaving the lithium sector largely untouched.
More assays are pending from Redstone’s latest campaign and further research, analysis, and exploration will be undertaken as it moves on adding a hefty nickel complement to its assets.
