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PVW poised for growth in the Mid West

8 July 2021
Rueben Hale
Grade Control RC Drilling

PVW awaiting final approvals before kicking off exploration of the highly prospective West Yilgarn province.

The ASX-listed explorer said it had developed a low-cost entry into the under-explored province and is jostling at the gate to claim a stake amidst a flurry of success by rival companies.

Most notably, the company will be rubbing shoulders with the likes of Chalice Mining and its enormously successful Julimar NI-CU-PGE Project, headlining a cavalcade of rising stars including Caspin Resources’ Yarrawindah Brook Project, Todd River Resources’ Berkshire Valley Project, Desert Metals’ Narryer Project, Pursuit Minerals’ Combatant Project and Liontown Resources’ Moora Project.

The company said it had applied for exploration licenses covering nearly 1000 square kilometres of dirt within the Youanmi Terrane (Murchison Domain) and Narryer  Terrane, claiming both are highly prospective subdivisions of Yilgarn Craton.

It said the continued success of numerous companies exploring within the mineral-rich province is a testament to the fertility of the Yilgarn Craton margin.

“We are excited by the prospect of a new project with Ni-Cu-PGE potential in the Mid-West of Western Australia,” executive director George Bauk said.

“Located around 300km from Geraldton, the project provides PVW with exposure to the West  Yilgarn Ni-Cu-PGE Province Assessment of magnetic anomalies will commence once exploration tenure is granted.”

Listing on the ASX in 2021, PVW Resources is primarily focused on gold exploration of tenements in Leonora, Tanami and Kalgoorlie regions of Western Australia.

The company plans to commence low-impact regional exploration such as soil sampling, mapping and survey to confirm target areas on receiving approvals.

In early trade, PVW shares prices have skyrocketed nearly 20% to 16c. 

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