Dundas Project 

As part of an ongoing review of gold, base metal and other exploration opportunities within its portfolio, DevEx has identified a standout lithium-beryllium anomaly within the Dundas Project. This exciting exploration opportunity was identified following a review of open file (publicly available) multi-element geochemistry generated by AngloGold Ashanti Australia in early 2000.

Location of the Dundas Lithium Project near town of Norseman Western Australia, Pioneer Dome and Mt Deans lithium projects. Combined lithium + beryllium anomaly within application E63/1860 with Western Australia government 1:500,000 geology draped beneath.

The Dundas Project, located near Norseman in WA, was originally pegged by DevEx in mid-2017 for its gold potential given its proximity to the nearby high-grade Viking Gold Project, owned by Genesis Minerals Limited (ASX: GMD).

The project area sits on the edge of the Albany-Fraser Orogen, which incorporates parts of the Archaean Yilgarn Craton, including the Norseman-Wiluna Greenstone Belt. This province is known for hosting the world-class Tropicana gold deposit and the Nova-Bollinger nickel-copper deposit.

AngloGold undertook regional reconnaissance auger geochemistry while pursuing gold potential in the Albany-Fraser Orogen subsequent to the discovery of the world-class Tropicana gold deposit in early 2000.

The extensive geochemical database (+9000 samples) identified a 2km-long coincident lithium and beryllium anomaly within the Dundas Project, with a peak result of 71.4ppm lithium and 4.41ppm beryllium. This represents a significant coincident anomaly for the region that could be indicative of underlying pegmatites within the regional Albany-Fraser Orogen. 

The presence of beryllium with lithium at Dundas is noteworthy given the close association beryllium has with other lithium-hosting pegmatites such as the world-class Greenbushes lithium-pegmatite deposit in the south-west of WA.

The emerging lithium potential of the region is already highlighted by Pioneer Resources’ (ASX: PIO) Pioneer Dome Lithium-Caesium-Tantalum Project, Tawana Resources NL’s (ASX: TAW) Bald Hill Lithium Project, 100km to the north-east, and the Mt Deans Lithium Project, located 16km to the north.

In addition to the lithium potential, DevEx is also reviewing nearby gold potential, with previous auger geochemistry undertaken by AngloGold identifying a 5km gold-in-soil anomaly.

DevEx is currently completing the approvals process for the grant of the Dundas tenement application. The Company is hoping that the project will be granted early in the March 2018 Quarter, after which DevEx will test the Dundas lithium anomaly with angled aircore/RC drilling.