The Manibridge nickel deposit was first discovered in 1963 and it sits on the Thompson Nickel Belt, the fifth largest and third highest grade sulphide nickel belt in the world.
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Crystal Lake Mining is supposedly undertaking a private placement financing to fund the exploration program.
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The permit covers all of TerraX’s claims and leases on the entire 70-kilometer length of the project.
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The Four Corners project hosts vanadium enriched titaniferous magnetite mineralization.
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The Vancouver-based miner said the acquisition is aimed at taking advantage of the “hot vanadium market.”
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The Montreal-based miner is conducting a high resolution mobile electromagnetic or TDEM survey.
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The idea is to speed up the exploration lifecycle and allow miners to analyse information at a much faster rate than before.
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The experts from Curtin University say the mechanism promises to be crucial for the country’s mining and petroleum sectors.
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The experts from Curtin University say the mechanism promises to be crucial for the country’s mining and petroleum sectors.
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Aussie miners paid A$30.6 billion in company tax and royalties in 2017-18.
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