BMG Resources Limited has announced promising results from its ongoing exploration review of the Dragon project neighbouring WA1 Resources’ site in the West Arunta region of Western Australia.
Multiple targets showing structural and magnetic features have been identified at the Dragon Project — features similar to those that represent mineralised carbonatites at WA1 Resources’ ground and the nearby Aileron Project of Encounter Resources.
BMG’s Dragon Niobium-REE Project is immediately adjacent to and shares a 30-kilometre-long border with the West Arunta Project of WA1 Resources.
BMG Non-Executive Chairman John Prineas said: “Our ongoing review of exploration data for the West Arunta region has delivered very positive findings with geological features identified at our Dragon Niobium-REE Project which show similarities to the geological setting for Luni and other mineralised carbonatites in the region.
“Several coincident structural and magnetic features, often with a supporting elevated gravity feature, have been identified across the Dragon Project area – this is a textbook signature for mineralised carbonatites. Importantly, these targets are located along or near structures that could have served as conduits for potential carbonatite intrusions.”
The Dragon project has a total tenement area of 1,470 square kilometres — one of the largest landholdings in the West Arunta, positioning BMG as a major player in the global mineral field.