Mithril Resources operations The remote northwest corner of...

Mithril Resources operations


The remote northwest corner of South Australia known as the Musgraves has the potential to emerge as a significant nickel province in the medium term, according to Adelaide-based explorer, Mithril Resources.

Mithril Resources’ Managing Director, Graham Ascough said much of the Musgraves acreage had been locked away since the 1980s to modern day exploration, due to access issues.

“While the Musgraves takes in the area around the intersection of the South Australian, Western Australian, and Northern Territory borders, the SA section lies almost entirely in the Anangu Pitjantjatjara Yankunytjara lands,” Mr Ascough said.

“The granting of four mineral tenements has provided Mithril with initial exploration access to its strategic exploration land holding in the region.

“The Musgraves in South Australia is a large under-explored block of Protoerozoic-aged rocks comprising a diversity of geological environments,” he said.

Mr Ascough said this block has a number of known nickel sulphide occurrences associated with the extensive mafic-ultramafic intrusions of the Giles Complex, but remains virtually unexplored and has not been subjected to modern day exploration techniques and concepts.

“On this basis, Mithril, which holds 34,000sqkm of nickel prospective acreage in the Musgraves, has planned an aggressive exploration program there for the near term.

“This will include an aircore drilling program across magnetic bodies and geophysical and mapping work on target areas, with a view to commencing mainstream exploration drilling by March next year on our granted tenements in the province,” he said.