The Challa exploration licence covers approximately 302ha and is located approximately 475km northeast of Perth. The tenure is located approximately 15km west of Atlantic Limited’s Windimurra Vanadium Project and adjacent to Flinders Mines Limited’s Canegrass Vanadium Project.

Exploration History

Whilst initial prospecting and mining activities focused on gold began during the late 1800s and early 1900s, many companies have previously explored the Narndee and Windimurra Igneous Complexes for gold, a variety of base metals, PGEs and vanadium. Previous explorers have established the presence of anomalous concentrations of nickel, PGA and gold in the Narndee and Windimurra Complexes, whilst secondary uranium mineralisation has also been intersected in calcrete deposits occupying region drainage systems. Recently, in October 2020, Aldoro announced the commencement of a major exploration effort at its Narndee Igneous Complex Project including airborne EM and ground based fixed loop time-domain EM surveys identifying several major targets and deeper targets for near term drill assessment. Subsequent field reconnaissance outlined two nickel-copper gossans which were geologically mapped and sampled.

Exploration Potential

AAM Resources intends to focus its exploration on the discovery and further assessment of nickel-copper-PGE, titanium-vanadium and gold deposits in the Narndee and Windimurra Complexes. AMM Resources will seek to target magnetic geophysical anomalies located at the intersection of the Narndee Complex and the north-western edge of a regionally significant structure located on the Boodanoo exploration licence. Exploration over the Challa exploration licence will examine extensions to a laterally extensive iron-vanadium-titanium bearing horizon forming part of the broader Windimurra Igneous Complex and will further evaluate the potential for gold and PGE mineralisation associated with the contact between the upper and middle units of the Windimurra Igneous Complex.

AAM Resources intends to explore prospective areas in the Kiabye Greenstone Belt along the western side of the Narndee Complex, where potential exists for komatiite hosted nickel deposits and shear hosted gold deposits. Planned exploration work will include a surface geochemical sampling program and a re-interpretation of historical data to assist in the assessment of previous ground-based exploration data and the development of new targets. AAM REsources further plans to conduct ground geophysical surveys in the Southwest part of the Narndee Complex to detect anomalies of potential significance for nickel. Should the above exploration activities resulting in the detection of any anomalies, AAM Resources has allocated funds for air core/RAB and limited RC drill testing.