Boadicea Resources paves way for lithium and nickel drilling with Ngadju agreement

Boadicea Resources Ltd (ASX:BOA) has had the path cleared for further exploration at highly prospective properties in the Lake Johnstone and Fraser Range area of WA after signing a Heritage Protection Agreement with the Ngadju Native Title Aboriginal Corporation.

Proactive Investors reports the agreement sees the Ngadju Native Title Aboriginal Corporation consent to Boadicea undertaking exploration activities in the Native Title Determination Area.

This provides for the company to drill key lithium and nickel tenements including Bald Hill East, which is along strike from the Bald Hill lithium mine.

Paves way for strategy

Boadicea managing director Cath Norman said: “BOA is thrilled to start the new year with a signed agreement with the Ngadju Corporation.

“It paves the way for us to execute our strategy which is focused on the discovery of lithium and nickel in our highly prospective tenements in Western Australia. “

About the agreement

This milestone Heritage Protection Agreement covers Boadicea’s 100% interest in the highly prospective Lake Johnstone and Fraser Range lithium and nickel prospective tenements.

 

Ngadju Native Title area showing location of BOA key lithium and nickel tenements.

The agreement covers the Bald Hill East (E45/1608) and Ant Hill (E63/2231) lithium-focused tenements and Southern Hills (E63/1951)1 and Fraser South (E63/1859) tenements in the nickel-rich Fraser Range.

“We thank the Ngadju Corporation for their consent and look forward to working together to complete the heritage surveys before progressing exploration drilling,” Norman said.

“We also look forward to updating shareholders as plans are cemented.”

Boadicea’s next steps are to complete the required heritage surveys, finalise drill locations and contract a drill rig to start drilling as soon as possible.

Agreement terms

Key terms of the agreement:

1. A heritage survey must be undertaken by BOA before commencing any ground operations.
2. BOA must give 60 days’ notice to the Ngadju before a heritage survey/joint site visit is undertaken.
3. No surveys or joint site visits are permitted between December 1 and the third Friday in February due to the heat.
4. The cost of the heritage survey will be determined by the area and time required to undertake the survey.
5. The agreement covers the period under which the tenements are held (and may include new tenements in the area).

Boadicea has assumed operating ownership of the Southern Hills tenement since the Heritage Protection Agreement negotiations were finalised and will apply to the Ngadju to include this in the agreement.