From Yahoo Finance: 2025-06-09 07:22:00

West Cobar Metals has finalized the acquisition of the Mystique Gold Project in Western Australia’s Fraser Range Province. The project covers 35km² and is located 225km south-south-east of Kalgoorlie. The area is known for potential orogenic gold deposits and remains relatively unexplored due to sediment cover.

Adjacent exploration by IGO and Rumble Resources found significant gold grades near the Mystique project, with drill intersections of 25m at 2.42g/t and 16m at 6.69g/t. West Cobar Metals plans to explore high-priority targets for gold deposits through immediate exploration drilling.

A reverse circulation drilling program has been launched at the Fraser Range Project, located 120km north-east of Esperance in WA. The project includes exploration licenses and rights to mine minerals. Eight RC holes will be drilled to depths of 200-300m to explore high-priority copper-gold sites connected to the Nova-Bollinger nickel-copper discovery.

MinRex is funding the drilling operations at the Fraser Range Project, committing up to A$500,000. The company could secure a 50% stake in the project through an agreement with WC1. The drilling campaign aims to explore significant mineralization targets within the Biranup Zone.

Source: Mining Technology.

Read more: West Cobar Metals completes Mystique Gold Project acquisition in WA