Narryer Metals Unveils Promising Mineralisation at Rocky Gully
In a significant development for the Australian mining sector, Narryer Metals (ASX:NYM) has announced the extension of extensive mineralisation at its Rocky Gully project located in the Great Southern region of Western Australia. Following a recent air core drilling program, the company has identified substantial near-surface deposits of scandium (Sc), gallium (Ga), and rare earth elements (REE), positioning Rocky Gully as a key player in the critical minerals market amidst growing global demand.
A Game Changer in Critical Minerals
The current geopolitical landscape, particularly China's restrictions on the supply of critical minerals, has amplified the urgency for alternative sources. Narryer Metals' Executive Chairman, Richard Bevan, emphasises the project's potential, stating, "The demand for critical metals is on the rise, driven by applications in defence and high-tech industries." The recent drilling results have not only expanded the area of significant mineralisation but also revealed consistent thicknesses of between 10 and 30 metres from the surface, bolstering the project’s potential scale.
Strategic Advantages of the Rocky Gully Project
The Rocky Gully project boasts several strategic advantages that could set it apart from other critical mineral projects. Here are some key highlights:
Low Sovereign Risk: Situated in the mining-friendly jurisdiction of Western Australia, Rocky Gully benefits from a stable regulatory environment.
Minimal Environmental Impact: The project is located on previously disturbed land, primarily used for bluegum and pine plantations, which minimises the project's ecological footprint.
Excellent Infrastructure Access: With close proximity to sealed roads, power, and port facilities, the project enjoys lower capital intensity, facilitating efficient operations.
Shallow, Accessible Mineralisation: The near-surface mineralisation presents opportunities for cost-effective mining, as there is no overburden to contend with.
Easily Mined Clays: The mineralisation is hosted in soft, free-digging clays, allowing for straightforward and economical extraction processes.