NickelX Limited signs deal to acquire the Dalwallinu Nickel Project

SYDNEY, AUSTRALIA: NickelX Limited as signed a Sale Agreement and Joint Venture (SAJV) to acquire 80% of the Dalwallinu Nickel Project, located in the emerging West Yilgarn, where the Company will be seeking Julimar-style Nickel-Copper-PGM mineralisation.

The Project covers 86km 2 of the underexplored Barra Barra Greenstone belt in the emerging West Yilgarn Nickel Province, which is host to a number of recent Nickel-Copper-PGM discoveries including the Julimar Nickel-Copper-PGE discovery.

Recent comprehensive geochemical and geophysical work programs (completed by the vendor – Blue Ribbon Mines Pty Ltd) and evaluation by the company has identified 12 priority Nickel-Copper-PGE targets over a strike length of 6km, with more detailed geochemical, geophysical and drilling work planned.

NickelX Managing Director Matt Gauci commented: “The Dalwallinu Nickel Project is an exciting opportunity for the discovery of Nickel in the emerging West Yilgarn Nickel Province, and the Company is diligently working through the available datasets to establish a work program. Complimenting the Cosmos South project where drilling is set to commence, the Company is excited by the build of our Nickel portfolio.”

The Dalwallinu Nickel Project (E70/5398) covers 86km2 of the underexplored Barra Barra Greenstone belt in the emerging West Yilgarn, which is host to a number of recent Nickel-Copper-PGE discoveries including the world class Julimar Nickel-Copper-PGE discovery.

Recent geochemical and geophysical work programs, evaluated by the Company have identified approximately 12 priority Nickel-Copper-PGE targets over a strike length of 6km, with more detailed geochemical, geophysical and drilling work planned.

NickelX Limited (ASX:NKL) is an ASX-listed nickel exploration company with a focus on the prolific Albany-Fraser belt in Western Australia.