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Boodanoo

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Boodanoo

Overview

The Boodanoo Project comprises three granted exploration licences (E59/2496; E59/2838; and E59/2881) covering an area of ~130km2 in Western Australia.

Located ~90km south of Mt Magnet, the Boodanoo Project is the second Western Yilgarn project to be subjected to the Company’s systematic, new-generation exploration practices which continue to deliver success at the Ida Holmes Project.

The Boodanoo Project is located along the interpreted trend of a regional NNE trending fault. The Project area is covered by aeolian sand cover with no rock outcrop.  The rocks are interpreted to be granite hosted with a major regional shear zone passing through the centre (NNE trend) tenement.  There is interpreted granites to the south of the tenement with ultramafic units interpreted to the south and east.

Mount Magnet

To date, Western Yilgarn has defined two key targets that warrant follow up at Boodanoo:

LCT Pegmatite target: Auger Geochemistry program has defined and extended a significant Lithium Caesium Tantalum (LCT) Pegmatite Target to 2.4km by 1.7km.

Gold target: A ~2km long gold in soil target (up to 66ppb) was defined in Q1 2024 at “Boodanoo Northeast,” following the WYX team’s review of historical data Geoscience Western Australia data.

Exploration History

Western Yilgarn completed a 2 Phase, 519-hole Auger Geochemistry program across E59/2496 in 2023.  Phase 1 holes were located on 1,600m lines spaced 100m apart (Release 05/04/2023) with a Phase 2 program infilling anomalies to 400m x 100m spacing (Release 28/07/2023).  A 2km long Lithium Caesium Tantalum (LCT) pegmatite target was defined with the recent permits acquired to cover the potential extensions of this north and south.

THE COMPANY

The Company’s new management team recently executed a strategic restructure which included the divestment of international subsidiary projects and acquisition of new, highly prospective land holdings located in some of Australia’s emerging Nickel- PGE-Gold regions.

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PROJECTS

The Julimar West project covers a total area of 349km2 within the Darling Ranges located approximately 75km northeast of Perth, Western Australia and PGE Projects (comprising the Mount Magnet,  Sylvania, Bulga and Melbourne Projects) are primarily located in the Eastern Goldfields and Pilbara regions of Western Australia.

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INVESTORS

WYX is dedicated to pursuing early-stage exploration opportunities with a diversified portfolio of highly prospective assets have been strategically selected for their potential for growth and ability to deliver value for shareholders. A unique investment exposure to one of the most globally significant Nickel-PGE deposits in the last 20 years.

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