Australian Potash Ltd (ASX:APC) managing director and CEO Matt Shackleton joins Jonathan Jackson in the Proactive studio to discuss the mobilisation of an aircore drill rig to the Lake Wells Gold Project in Yamarna, via Wiluna. The drill program will target two primary areas, the West and East targets. According to Shackleton, the project spans 13 exploration licences over more than 540 km², located approximately 50 kilometres northwest of the Gruyere gold mine. The program aims to test the contact zone between the Yamarna greenstone and the granites, as well as the Ibanez trend identified by neighbouring Gold Road Resources. The program includes a 4,000m – 6,000m in-fill and extensional drill, designed to test extensions to the Yamarna shear zone and the Ibanez trend. Additionally, APC has issued 20,000,000 ordinary shares to the vendors of the West Arunta tenement E80/5778, finalising the Tenement Sale Agreement from June 7, 2023. The tenement is now fully owned by APC. APC holds a 100% interest in the West Arunta Nexus Project, an early-stage exploration opportunity in Western Australia's most promising exploration frontier. APC also holds 100% interests in the Lake Wells Gold Project and the Laverton Downs Project, both located in Western Australia’s Eastern Goldfields and prospective for various minerals.
Australian Potash mobilises drill rig to Lake Wells; completes Nexus acquisition
