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Boadicea’s claims and prospective claims in the Fraser Range
Boadicea banks

on ballot

oadicea Resources Ltd is far from the plied for another two,
Blargest holder of tenure in the Fraser but they won’t come
Range, however, the junior is looking for in November because
maximum impact from the ground posi- we’ve just applied for
tions it is staking. them,” Dudley said.
Western Australia’s Mining Warden re- “The strategy is to get
cently granted the company ELA63/1951, more leases in the bal-
which was part of the former Independ- lot, preferably the ones
ence Group NL/Creasy Group Southern to the south of Nova.
Hills JV. That will be a real coup,
The licence award gives Boadicea a as well as generating
scattered ground holding of 406sq km in drill targets at the same
the southern and northern portions of the time.”
Fraser Range. Boadicea does not
At the time of print, Boadicea had a have the budget to
further six applications for ground in the match the likes of IGO,
northern and three in the southern regions Creasy or a Legend
of the Fraser Gravity Ridge that were sub- Mining Ltd in the Fraser
ject to ballot. Range, but it is one
Boadicea managing director Clarke of the few listed com-
Dudley told Paydirt he was keen to have panies uniquely posi-
the applications granted north of Creasy’s tioned close to Nova
Silver Knight discovery and south of Nova. and Silver Knight.
“I think we have another four north of “Our licences in the
Silver Knight which come up for ballot in Fraser Range – White
early November. If we get any of that, it will Knight and Symons Hill – is what we have geophysics and ground EM.
increase our valuation and we become a tried to build upon this year and get more “I think what we are going to do is leave
lot more attractive. We will hopefully pick and more land,” Dudley said. the drill targets that we have in the top
“We’ve got the premium site and if you
“ The strategy deep seismic and deep EM in the north- some money, do the six targets in the
up more licences in the north, we have ap- can see from what IGO has been putting of the licence for now [six identified] and
carry on with geophysics to the south at
out, they are drilling and are doing this
Symons Hill, near IGO,” Dudley said.
“Then we will probably have to raise
east of their licence. One of their drill holes
is to get more
is about 1,500m from our licence. The im-
north and then shift to the targets we gen-
portant thing is that the rocks they are find-
erate in the south, so people taking part
leases in the ballot,
preferably the ones
Nova. If you look at any of these maps, the
cherry. Our strategy is a combination of a
trend is south-west to north-east and we
land grab and generating targets.”
to the south of Nova. ing are supposedly similar to the rocks at of the placement will have two bites of the
just happen to be in the north-east.”
That will be a real coup. Therefore, Boadicea’s focus will be on – Mark Andrews
the south-west portion of the Symons Hill
project, which abuts Nova, with a round of
2019
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aUSTRaLIa’S PaYDIRT NOVeMBeR 2019 Page 43