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neWs

Another legend

in the making

Brad Underwood
A cluster of interpreted intrusions,
including the Lantern intrusion, occurs
t took Legend Mining Ltd a good four Prior to the shutdown of drilling, an within a zone of 15km by 12km at
Iyears to present the best nickel sulphide aircore programme north of Lantern Galileo’s Fraser Range project
intersection in the Fraser Range since was aiming to define new targets, while
Nova and now there is a company believ- down-hole EM surveying at LARC003 Galileo has almost $5 million and with
ing it can do the same. (12m disseminated nickel-copper sul- work on the ground remaining light un-
Creasy Group-backed Galileo Min- phide intersected) is the next step. til the coronavirus situation eases, the
ing Ltd floated with $15 million exactly Down-hole EM work will be subject to company is well funded for some time.
two years ago and is now on the hunt COVID-19 restrictions in Western Aus- Nevertheless, in addition to the WA
for nickel on its extensive Fraser Range tralia, however, petrographical work of Government’s exemption from explora-
ground package. rock chips continues and a Programme tion expenditure, subject to qualifica-
“We are very much going down the of Work approvals from the WA Mines tion under considerations given to tene-
same path; we have the same style of Department is pending for follow up drill- ment holders financially stressed from
mineralisation as Legend at Mawson, so ing around LARC003. COVID-19, Underwood called for further
I think it is a fair call for people to expect Despite subdued sentiment in the re- measures to be put in place.
that we might also have similar results sources sector, a series of positive an- “I think the overall response to the
when we get into our deeper drilling,” nouncements within the WA nickel scene coronavirus has been amazing and I
Galileo managing director Brad Under- has sparked interest among investors. think that is why we have seen a limit-
wood told Paydirt. There are few nickel sulphide stories in ed increase in numbers. In terms of the
“I believe it should have a good impact the market right now, which explains the exploration industry, it has been good
on us if they are successful. We are drill- excitement created when a hint of poten- that there has been assistance with the
ing a similar type of prospect just at an tial is revealed. reduction in exploration expenditure. It
earlier stage. It is a really good story for “It is a really good prospect,” Under- would also be nice if they reduced some
Legend, they have been there for four wood said about Lantern. of the tenement rents, which can be quite
years and when they started delivering “There are four out there – Nova, Sil- substantial,” Underwood said.
results the market started to notice.” ver Knight, Mawson and Lantern – it is “There are some companies that have
Like Legend, Galileo also acquired its so rare to come across nickel-copper been poorly funded for a long time and
Fraser Range tenement package from sulphides in the Fraser Range and in two perhaps their exemptions might not qualify
the Creasy Group. of these instances there are JORC com- and that would be a good thing. It is case
The company holds 492sq km of pliant resources. by case, so for people that have been gen-
ground in the Albany Fraser Orogen and “There is Mawson and then there is uinely exploring for a number of years and
has already claimed nickel sulphide po- the Lantern prospect which is ours. It have been directly impacted due to the
tential at the Lantern prospect in green- is an early-stage prospect, with the first coronavirus, it is fantastic that those com-
field terrain. RC just done but it is the same style as panies are allowed an exemption.”
While drilling has been postponed Mawson, which appears to be heading to
at Lantern for the time being, initial RC resource stage and hopefully ours does – Mark Andrews
drilling intersected disseminated nickel- too,” he said.
copper sulphide mineralisation.

Page 18 MaY 2020 aUSTRaLIa’S PaYDIRT