Voltaic Strategic Resources Limited (ASX:VSR) has recently completed an airborne magnetic and radiometric survey across the Paddys Well Project in Western Australia's Gascoyne region.
Interpretation of this new data has significantly enhanced the Critical Minerals prospectivity of the extensive 1,300km2 tenement package.
16 potential carbonatite intrusions have been identified, which are prospective for REEs and niobium, from initial interpretation of the geophysical data. Many of these are proximal to the extensive REE clay system previously drilled at the Neo prospect. Field surveys are currently underway to 'ground truth' the prospects and delineate new drill targets, and additional geophysical interpretative work is ongoing to identify more targets. The resolution of geophysical data has been significantly enhanced across the Project, much of which had been mapped as sedimentary cover. Numerous previously unmapped fault structures / shear zones and major granitic plutons have been identified which significantly enhance the Project's prospectivity for Critical Minerals such as REEs, lithium, nickel, and copper.
Voltaic Chief Executive Officer Michael Walshe commented 'The geophysical data has strengthened our conviction for the existence of carbonatite targets across Paddys Well. The prior drilling and metallurgical testwork both indicated that the source of REE mineralisation at Neo was likely of carbonatite origin and the geophysical data corroborates this. 'Other companies in the region including Hastings Technology Metals (ASX: HAS) and Dreadnought Resources (ASX: DRE)2 have identified carbonatite-hosted REE's which have beenshown to have a high proportion of valuable 'magnet' REEs, and favourable metallurgical characteristics for economic extraction' Mr Walshe said. 'Furthermore, the data has significantly expanded the prospectivity for lithium, nickel, and copper via the identification of NE-SW fault structures / shear zones, and delineation of granitic bodies across the project area that were interpreted to be predominantly Lyons Group sediments. 'This validates the Company's previous expansion of the Paddys Well tenement package earlier this year3 and creates a large pipeline of potential drill targets' he said.
Operational Update on Ti Tree Lithium project (Gascoyne region, Western Australia) During the quarter, the Company's preferred analytical laboratory experienced delays in both the prepping of sample batches and in the analytical processing of sample assays due to unfortunate lab equipment breakdowns. Our company employs an extensive analytical process that involves the utilization of Microwave Digestion (MD), Inductively Coupled Plasma Mass Spectrometry (ICP-MS), and Optical Emission Spectrometry (OES) for comprehensive 62-element analysis. While this approach, which includes ICP-MS/OES and the analysis of 62 elements, may be more time-consuming compared to alternative analytical methods, it ensures the provision of a thorough geochemical assessment for our early-stage exploration projects. This methodology also allows us to assess the prospectivity for all Critical Minerals and their respective pathfinder elements. Currently, the phase 3 assay results are due in two weeks, and once QA/QC checks and interpretations have been completed, these results will be released to the market. Furthermore, the Company has engaged the services of Xplore Global, a UK-based geological consultancy with specialisation in the areas of lithium, caesium, tantalum (LCT) pegmatite targeting, geochemistry and interpretation.
Contact:
Tel: +61 8 6245 9821
Email: michael.walshe@voltaicresources.com
The information in this announcement related to Exploration Results is based on and fairly represents information compiled by Mr Claudio Sheriff-Zegers. Mr Sheriff-Zegers is employed as an Exploration Manager for Voltaic Strategic Resources Ltd and is a member of the Australasian Institute of Mining and Metallurgy. He has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. He consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear.
FORWARD-LOOKING STATEMENTS
This announcement may contain forward-looking statements involving several risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update statements if these beliefs, opinions, and estimates should change or to reflect other future development. Furthermore, this announcement contains forward-looking statements which may be identified by words such as 'potential', 'believes', 'estimates', 'expects', 'intends', 'may', 'will', 'would', 'could', or 'should' and other similar words that involve risks and uncertainties. These statements are based on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. These and other factors could cause actual results to differ materially from those expressed in any forward looking statements. The Company cannot and does not give assurances that the results, performance, or achievements expressed or implied in the forward looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.
VOLTAIC STRATEGIC RESOURCES LIMITED 
