McLaren Minerals Expands Zircon Footprint with Acquisition of Barossa Mineral Sands Project

Allup Silica Ltd. ( (AU:MML) ) has issued an update.

McLaren Minerals Limited has acquired the Eucla mineral sands tenements EL6462 and part of EL6461 from Iluka Resources, consolidating the Kalahari, Mojave and Gobi prospects into what it has renamed the Barossa Project in South Australia’s eastern Eucla Basin. The project, located about 90km from Iluka’s Jacinth-Ambrosia mine, hosts three identified mineralised zones with an average heavy mineral grade of 4.6% and a high-value assemblage dominated by ilmenite (60%), zircon (16%) and rutile (2%), underpinned by historical drilling and geophysical work confirming an embayment-style placer system with strong geological continuity. With a modest upfront cash outlay and further payments contingent on development milestones, the deal broadens McLaren’s product offering beyond its existing titanium project and strengthens its exposure to one of Australia’s most productive zircon provinces, while the company continues to progress its flagship McLaren Titanium Project in parallel.

More about Allup Silica Ltd.

McLaren Minerals Limited is an ASX-listed mineral exploration company focused on heavy mineral sands, particularly titanium-bearing ilmenite and zircon-rich deposits, with a strategy of operating in mining-supportive jurisdictions and advancing projects with clear pathways to production.

Average Trading Volume: 3,175,512

Technical Sentiment Signal: Buy

Current Market Cap: A$11.53M

See more insights into MML stock on TipRanks’ Stock Analysis page.