Jamieson Minerals Victorian Tenement Application
THE Victorian Tenement ApplicationS ARE LOCATED APPROXIMATELY 250KM NE OF MELBOURNE
WORK PROGRAM
Minerals: Lithium, Caesium, Tantalum, Tin, Gold, Copper.
The discovery of spodumene-bearing pegmatite dikes in the Dorchap Range of northeastern Australia by Dart Mining NL has spurred exploration interest in the region, particularly followed the announcement of an earn-in agreement with SQM of Chile (DTM ASX release July 26, 2022).
Lithium-caesium-tantalum (LCT) pegmatites are associated with highly fractionated, reduced Silurian granites that are also often host to tin mineralization. The LCT pegmatites of the Dorchap Range are associated with the historical primary tin fields at Mitta Mitta and Mount Wills. Other historical primary tin production in northeastern Victoria occurred at Walwa, Burrowye and Mount Alfred. Historical alluvial tin fields occur in northeastern Victoria at Reedy Creek (Beechworth-Eldorado), Toora, Koetong and Mount Cudgewa. Other minor tin occurrences are also likely evident in regional stream sediment data.
The historical primary tin fields and, by extension, prospective LCT pegmatite areas, are found in Omeo Zone (Omeo Metamorphic Complex) as well as in the Tabberabbera Zone directly to the west. The belt of metamorphic rocks extends north into NSW as part of the central Lachlan Orogen, where it is referred to as the Wagga-Omeo Zone, and hosts tin occurrences at Ardlethan, Kikiora and Mount Tallebung.
Nexus Granted Tenure over Vic/NSW Critical Minerals Package – 29th March 2023
Year 1
| Stage 1 - Reconnaissance | ||||||
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| Location | Desktop Studies | Mapping | Sampling | Geophysics Air | Geophysics Ground | Other Activities |
| Whole Authority | ||||||
| Part Authority | ||||||
| Part Authority | ||||||
| Stage 1. Provide details on the proposed method(s) to identify broad geological, geochemical or geophysical anomalies, historic or conceptual targets, and/or unvalidated targets. | ||||||
| Undertake data assessment of all previous exploration activities / results /reports. Engage geophysical consultants to assess all public avilable datasets. Generate prospective targets. | ||||||
Years 2 / 3
| Stage 2 - Target definition | |||||||
|---|---|---|---|---|---|---|---|
| Location | Desktop Studies | Mapping | Sampling | Geophysics Air | Geophysics Ground | Drilling | Other Activities |
| Whole Authority | |||||||
| Part Authority | |||||||
| Part Authority | |||||||
| Part Authority | |||||||
| Named Target | |||||||
| Named Target | |||||||
| Stage 2. Provide details on the proposed method(s) to confirm the mineral potential of identified anomalies and targets, and prioritise targets warranting prospect scale detailed assessment. | |||||||
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Ground truthing of targets generated in phase 1. Priority targets will be subject to mapping exercises and rock chip lithogeochemical sampling and Pxrf data collection and analysis. Broad regional scale soil sampling may also be utilised to better define target areas. Other ground geophysical surveys may be undertaken on advice form consultants. |
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Years 4 / 5
Defined targets will be subject to drill testing.
Location Map
The Victorian Tenement Applications are located approximately 250km north east of Melbourne in Victoria, Australia.
Merrimac LCT Pegmatite Project
The Merrimac tenement, provides over 10km strike of prospective LCT pegmatite ground, situated in the 3-6km zone from the fertile Mount Wills Granite, along a line of historical tin pegmatite occurrences.
The following terms and conditions have been agreed for the Option to acquire the Merrimac Project (tenement EL007493):
- A $10,000 non-refundable fee paid for a one-month due diligence period that was completed 13 March 2023.
- The Company successfully completed initial due diligence and paid a further $90,000 non-refundable option fee to the Vendors (Option Fee). This Option Fee allows Nexus to have the exclusive right for a period of 9 months (Option Period) to undertake reconnaissance exploration activities on the tenements.
- At any time during the Option Period Nexus may elect to exercise the Option and have the vendors transfer the tenement to Nexus. The consideration for the acquisition of 100% of the Merrimac project being:
- $300,000 cash consideration; and
At Nexus’ discretion either:
- Payment of a further $600,000 cash; or
- The issue of fully paid ordinary shares in the capital of Nexus Minerals to the value of $600,000, at a 7 day VWAP to the date Nexus issues the exercise notice, subject to shareholder approval.
Community Engagement
Jamieson Minerals takes community engagement seriously and will be consulting with the community including landowners and occupiers etc on the applicants systems for managing impacts of the proposed works and the environment. Jamieson will follow the regulations required under the Mineral Resources (Sustainable Development) Act 1990.
If you have any queries or concerns please contact Jamieson via emailing info@nexus-minerals.com, calling 08 9481 1749 or mailing PO Box 2803, WEST PERTH WA 6872.