Arrow Minerals has a 100% interest in over 2,500km2 of exploration licences in the Fraser Range Province, 300km east of Kalgoorlie. The project is highly prospective for massive nickel sulphide mineralisation, similar to the Nova-Bollinger nickel-copper deposits. Arrow Minerals has entered into a joint venture with MMG Limited (HKEx: 1208, ASX: MMG), whereby MMG can earn a 51% interest in the Project by spending $6.5m on exploration by December 2019.
Fraser Complex showing Plumridge Nickel JV tenements
MMG has completed a detailed gravity survey on 400m x 200m spacing (+16,000 stations) and combined this data with existing aeromagnetic and drilling information. A 6,000 line km helicopter airborne EM survey was completed in May 2017 and processed to account for IP affects. Several EM conductors were identified with Ground EM completed in October.
MMG has commenced a 4,000m RC drill programme to test seven conductor plates. The drill programme is expected to be completed by end November 2017 with results in December 2017.
MMG drill targets over regional magnetics