WTM – Waratah Minerals | Aussie Stock Forums

BAL still running with the Mozambique graphite hopefuls : Montepuez and Balama.

But these seem to be on a treadmill to nowhere. Covid restrictions, Islamists to North, push for locals to replace expats.

So, it’s time to go local (might need a name change down the track) (to Nearology Mining?)

During the December 2020 Quarter, Battery Minerals completed acquisition of 100% of Gippsland Prospecting Pty Ltd, which owns the highly prospective Stavely Stawell Project (exploration licence EL6871) immediately adjacent to Stavely Minerals (ASX:SVY) Thursday’s Gossan copper-gold project in Victoria.

The tenement covers 808sqkm and hosts the historic Moyston gold mine, which produced ~75,000oz at 22g/t Au. The boundary of the exploration licence is also just 7km from the rich Stawell gold mine, which has produced ~5Moz of gold.

The Stavely Stawell Project is considered highly prospective for shear zone-hosted orogenic gold deposits such as Stawell, as well as volcanic hosted base metals mineralisation and large scale Cadia Ridgeway-type porphyry copper mineralisation, within the well defined Stavely volcanic belt.