Estrella Resources Ltd (ASX:ESR) this week pounced on the historic Carr Boyd Nickel Project, which was mined by Great Boulder Mines and WMC in the 1970's.
The project is a 75 kilometre square layered mafic igneous complex, which hosts several occurrences of nickel and copper sulphides.
The most significant occurrence discovered to date is at the Carr Boyd Rocks mine, where mineralisation is hosted by bronzitite breccias (pyroxenites) emplaced within the gabbroic sequence of the Complex.
Carr Boyd is conveniently located 80 kilometres north north-east of Kalgoorlie.
Estrella is now preparing to boost its cash position for the next steps, and the ASX has granted the company a trading halt to organise.
The halt will remain in place until the opening of trade on Monday 23rd October 2017, or earlier if an announcement is made to the market.