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Nelson Resources’ Charts Promising Territory with Lake Johnston South Tenement Application

14 December 2023 08:36

Nelson Resources Limited (ASX:NES) is seeking a substantial 213km2 exploration license in the coveted Lake Johnston region, strategically capitalising on the increased attention generated by recent lithium discoveries to the north by Charger Metals and TG Metals.

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Figure 1: Location Map showing Nelson Resources license area and regional tenement holders.

Unlocking the Potential of Lake Johnston

The newly applied license spans the southern extension of the Lake Johnston structural corridor, a region where the geological conditions have proven favourable for lithium deposits.

Government open-source airborne magnetic surveys have indicated substantial coverage over the southern portion of the Lake Johnston greenstone and migmatite belts, further extending into the Nelson license area.

This geographical alignment is crucial, potentially positioning Nelson Resources for success similar to recent players in the area.

Strategic Foothold Amidst Notable Discoveries

Situated approximately 60km south of Charger Metals and TG Metals’ recent lithium discoveries, the Lake Johnston Project is strategically positioned to tap into the growing interest in the region.

The adjacency to White Cliff Minerals to the north adds to the allure of the Project, with the chairman of Nelson Resources, Peter Bird, highlighting the increasing attention the Lake Johnston area is receiving from both lithium juniors and major mining companies.

A Holistic Approach

Before the formal grant of the tenement, Nelson Resources is conducting a comprehensive desktop review as part of its preparation for a maiden field program.

While the Lake Johnston Project takes centre stage, Nelson Resources is not limiting its ambitions, with the Company being actively engaged in reviewing new project opportunities, both within Australia and overseas.

Nelson Resources Chairman, Peter Bird, expressed his optimism, stating, “The Lake Johnston area is starting to attract significant attention from lithium juniors and large mining companies alike, as evidenced by the recent transactions announced by Rio Tinto and Charger Metals.”

“We are pleased to have applied for an unexplored license area which appears to cover the southern extension of the Lake Johnston structural corridor.”

NES’s Australian Stock Exchange-listed share price has risen 33.33% and is currently trading at $0.004 (8:30am UTC+ 8 hours).

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