Of focus is its Forrestania / Mt Holland project, in an area known globally as hosting a world-class nickel sulphide camp, gold mine and one of the largest hard rock lithium deposits globally.
Mt Holland East is the highest priority target
Hannans exploration goal at Mt Holland is to discover a lithium deposit comparable to the globally significant Earl Grey and or a 1+ million ounce gold deposit comparable to Bounty.
Mt Holland East has been identified as the area most likely to host a major lithium and or gold deposit.
Hannans is working towards commencing the first phase of shallow auger drilling to test for lithium and gold at Mt Holland East.
Mt Holland West targeting lithium
The Mt Holland West Project was acquired in September 2016 and has had three phases of geochemistry drilling completed on it to date.
The project covers the western margin of the potential source granite to the pegmatites hosting the Earl Grey lithium mineralisation.
The fourth phase of drilling is planned in June-July.
Forrestania Nickel target
The area is also a world-class nickel sulphide province thanks to the discovery by Western Areas Ltd (ASX:WSA), Australia’s second-largest nickel sulphide miner.
Hannans has postponed its joint venture process and engaged Newexco Services to complete a review of it’s the Forrestania Nickel prospect.