Todd River Resources Limited announced that following the completion of the 2022 grain harvest, on-ground exploration has commenced at its 100% owned Pingrup Ni-Cu-PGE Project in Western Australia. The multi-phase work program will initially consist of a detailed MLTEM survey, targeting a co-incident magnetic-gravity feature followed by targeted RC drilling and reconnaissance aircore drilling across magnetic features that are interpreted, and in some cases confirmed to be mafic and ultramafic intrusions. In addition, a stream sediment sampling program will be undertaken to collect material for heavy mineral analysis. This is a technique that is well established overseas and which has the potential to identify the presence of sulphide minerals at both a small and large scale. The Company also plans to utilise this exploration method at its 100% owned Berkshire Valley Project in Western Australia and at the recently applied for Tapanappa Project in South Australia. Exploration Licence E70/5954 covers an area of approximately 240 square kilometres within the Corrigin Tectonic Zone at the south west Yilgarn Craton­Youanmi Terrane boundary some 300 kilometres south east of Perth. The bedrock geology is obscured by thin (1-10 metres) sandy cover and a thick weathering profile. Within the project area are twelve magnetic features with historical work confined to just three of them. This work was completed by Magnetic Resources who were exploring the magnetic highs for the presence of
Banded Iron Formation (BIF) hosted iron ore deposits between 2008-2011. In all three cases drilling failed to identify any BIF, however it confirmed the magnetic features to be mafic-ultramafic intrusions.