Hannans Ltd (ASX: HNR) has completed a ground electromagnetic (EM) survey at its 100% owned Moogie Copper-Gold and Nickel-Copper-PGE Project, located approximately 260km north-west of Meekatharra and 300km east of Carnarvon in the East Gascoyne Region of Western Australia.

Moogie is located within the Gascoyne Province proximal to the margin with the Yilgarn and Pilbara Cratons. Such collision belts at the margin of cratons are known to host deep crustalscale structures, favourable target sites for mineralisation. The project hosts a significant strike length of the Cardilya Shear Zone, identified as such a deep-seated structure. The Cardilya Shear Zone is a 2-5km wide, east-west trending shear zone which buckles and thickens at its intersection with the northeast-trending Deadman Fault Zone, a second major structure transecting the project. Hannans is exploring the Cardilya Shear Zone and related structures for Cu-Au, Ni-Cu-PGE and orogenic Au mineralisation. A series of moving-loop (MLEM) and detailed fixed-loop EM (FLEM) surveys were recently completed over Targets A, B and C, as previously identified in the February 2022 airborne EM (AEM) survey.

The aim of the ground surveys was to firstly verify the original AEM anomalies and provide an accurate location of the conductive target for potential drill testing. All three targets, located in the centre of the project, occur within a zone of thickening of Cardilya Shear Zone proximal to its intersection with the Deadman Fault: a zone considered prospective for intrusive-hosted Ni-Cu-PGE mineralisation.

The results from Targets A & C confirmed the presence of two weak but discrete conductors at relatively shallow depths (100-150m below surface). Both targets are either associated with or adjacent to weakly magnetic units and recommended for drill testing. The modelled dimensions of the conductive bodies are approximately 500x300m (Target A) and 250x250m (Target C).

Contact:

Tel: +61 8 9324 3388

Email: info@hannans.com

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