Boadicea rapidly progresses new Kookaburra Well REE Project with drilling under way

Boadicea Resources Ltd (ASX:BOA) has begun drilling at the new Kookaburra Well Rare Earth Element (REE) Project, testing multiple shallow targets across the tenure for mineralisation.

Proactive Resources has reported the company intends to complete seven reverse circulation (RC) holes for a total of 1,000 metres across three magnetic anomalies (anomaly 1, 2, and 3) identified as possible diamondiferous kimberlites or REE-bearing carbonatites, as well as a large greenstone area prospective for nickel directly to the east.

Oblique view of 3D inversion modelling of targeted magnetic anomalies.

Rapid progress to drilling

“Boadicea’s farm-in agreement with Autumn Gold into the Kookaburra Well Project has been a rapid progression to a drill-ready REE target,” Boadicea Resources managing director Jon Reynolds said.

“Completion of the geophysical review and identification of significant magnetic anomalies has provided an interesting target with promising potential for drill testing.

“The commencement of drilling is an initial step in understanding the potential mineralisation style for the identified magnetic anomalies.”

Kookaburra Well location with tenements and anomalies marked.

The company has completed all the pre-requisite steps for the commencement of drilling, which started on December 12, 2022.

On fast-track

Since acquiring the exploration rights to Kookaburra Well in September 2022, Boadicea has completed a full review of the historical exploration data, including the assessment of geophysical data and identification of significant magnetic anomalies.

Other key activities include the completion of on-site inspection as well as a successful heritage survey, all leading to the completion of an approved Program of Works (PoW).

The company has thanked Australian Surface Xploration (ASX) for the mobilisation of drilling equipment and staff in a safe and efficient manner to start the maiden drilling campaign at Kookaburra Well.

Boadicea entered a Heads of Agreement with Autumn Gold Pty Ltd in relation to four exploration tenements in the Eastern Goldfields of Western Australia about 20 kilometres southwest of Leonora, known as Kookaburra Well.