Chalice Mining’s Hawkstone nickel-copper-cobalt project in WA has been acquired by Stavely Minerals.
Located in the West Kimberley region of WA, Hawkstone was purchased by Stavely for $1.4 million.
“The Hawkstone project is an exceptional exploration opportunity in a geological setting that has demonstrated prospectivity and fertility,” Stavely Minerals executive chair and managing director Chris Cairns said.
“As a dedicated explorer, the importance of acquiring strategic datasets early in a project’s exploration history is essential for Stavely Minerals. This new gravity data will provide an independent and very complementary dataset of bedrock geophysical properties.”
In addition to the acquisition, Stavely will fly in a large-scale airborne gravity gradiometer to inform its upcoming exploration programs at the site.
“Notably, the gravity and magnetic data penetrates the shallow transported cover/black soil plains in the region that otherwise obscure much of the basement geology,” Cairns said.
“We look forward to the results of this gravity gradiometer and magnetic survey, which we expect will reveal numerous targets that will need to be followed up and tested in the months and years ahead.”
Stavely agreed to the acquisition in May this year, saying that it would compliment its flagship Stavely copper-gold project in Victoria.
“It is important to emphasise that this transaction in no way diminishes our enthusiasm or the scale of the opportunity at our flagship Stavely project,” Cairns said in May.
“It is more a matter of complementing our critical minerals focus and the synergy of the respective field seasons in such a way that the company can provide more continuous year-round activities across two outstanding projects.”