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Caeneus Minerals Limited ( (AU:MTL) ) has shared an announcement.
Mantle Minerals has advanced exploration at its Yule River Project, about 35 kilometres west of Port Hedland, by completing high-resolution gravity and passive seismic surveys over a structurally complex zone of the Mallina Basin. The work builds on historical drilling that intersected greenstone lithologies and alteration with anomalous gold, indicating potential VHMS feeder systems.
Geophysical interpretation has now delineated multiple discrete gravity anomalies and refined nine priority drill targets spanning VHMS, orogenic gold, and magmatic Ni-Cu-PGE styles, including non-magnetic targets not detectable by magnetics alone. The integration of new gravity, HVSR, and historical aeromagnetic data has generated drill-ready targets that could materially shape the project’s exploration trajectory and enhance Mantle’s positioning in a region hosting major gold deposits.
More about Caeneus Minerals Limited
Mantle Minerals Limited is an Australian mineral exploration company focused on projects in Western Australia. The company targets intrusive-style gold, Volcanic Hosted Massive Sulphide (VHMS), and magmatic nickel-copper-PGE mineralisation, particularly within highly prospective greenstone and shear zone settings near established mining hubs.
Current Market Cap: A$7.23M
For detailed information about MTL stock, go to TipRanks’ Stock Analysis page.