Mount Strawbridge (Application)

Mount Strawbridge (Application)

The Mount Strawbridge project comprises an application for a 43-block Exploration Licence (E38/4034) in the northeastern part of the Eastern Goldfields about 160km northeast of Laverton and about 90km northwest of the Gruyere mine in the Mt Margaret Mineral Field.

 

The applied area lies a little over 5km west of the Yamarna Fault System, a broad crustal-scale fault system that separates the Burtville Terrane from the Yamarna Terrane to the east. The tenement application is cut by several faults subparallel to the Yamarna Fault System.

 

The limited historical exploration on the tenement was hindered by an incomplete understanding of the regolith and the influence of Permian sedimentation and glaciation, and possibly unsuitable size fractions for soil programs. Much of the area is covered by aeolian sands. A similar approach to sampling and regolith mapping on Jerrys Bore will be undertaken at Mount Strawbridge.

Jerrys Bore

Jerrys Bore

 

The Jerrys Bore project comprises an application for a 67-block Exploration Licence (E38/4032) in the northeastern part of the Eastern Goldfields about 165km north of Laverton in the Mt Margaret Mineral Field.

 

The application covers part of the poorly exposed Deleta greenstone belt in the Burtville Terrane. The area under application covers a strike length of more than 20km along and adjacent to the De La Poer Fault, a major north-northwest–trending fault. Much of the area is covered by aeolian sands.

 

Other than some RAB and AC holes in the far north of the application area, there has been no previous drilling. Breaker Resources identified some low-level gold and arsenic anomalies in shallow auger holes1 but never progressed to drilling any targets.

 

Westar recently commissioned a remote sensing and mapping consultant, Dr Rich Langford, to produce a regolith–landform model of E38/4032 that will provide context for future regolith sampling and geochemistry. The model was prepared using TanDEM satellite elevation data (Langford, 2024; Earth Science, Systems and Society, v. 4, Issue 1, 10111) coupled with multispectral and radiometric imagery.

 

Westar has recently received a LiDAR-derived DEM over E38/4032 from Aerometrex to provide better topographic control for a region that has very little relief. This will enable the Company to refine the regolith–landform interpretation before any soil sampling programs. The Company has also carried out an orientation survey to determine the best material and size fraction for a soil sampling program targeting zones of anomalism identified by Breaker Resources a decade ago.

  1. Sanders, T and Simson, M (2013), De La Poer Project E38/2516, E38/2517, E38/2518, E38/2519, E38/2520, Annual report for the period 21 July 2012 to 20 July 2013 (C64,2012). DMPE Statutory Report A99217.

Bunda Creek

Bunda Creek

Tenement application, EL34118, was submitted in May 2025 to explore for copper in the frontier Birrindudu Basin in the Northern Territory. The Northern Territory Department of Mining and Energy advised that the tenement was granted on the 9th of January 2026 for a term of six years.

 

The tenement application is located about 470km SW of Katherine and covers an area of 619km2. The area is crossed by the unsealed Buntine Highway and the Mistake Creek–Inverway Road.

 

The Company’s intention is to identify sedimentary-hosted copper and other base metal deposits within the applied area of the Birrindudu Basin. The targeted deposits are analogues to sedimentary copper deposits in the Central African Copperbelt, the Kupferscheifer district in Germany and Poland, and White Pine in Michigan.

 

Recently completed and ongoing work conducted by the NTGS and CSIRO on drill core from within the Birrindudu Basin, has highlighted its potential to host stratiform sedimentary copper deposits1,2. This work has provided evidence that a copper source is present, that oxidised basinal fluids have leached copper from the basement geology, and that a suitable reductant is present in the lower part of the succession (Amos Knob Formation). This ongoing work is novel and highlights the Birrindudu Basin as a potential new frontier district for copper mineralisation.

 


 

Area selection was heavily influenced by 1:250,000 scale mapping conducted by the NTGS and insights provided by the ongoing CSIRO/NTGS project. EL34118 contains much of the Limbunya Group of the Birrindudu Basin. The Limbunya Group is the lower group of the stratigraphy and is known to contain a pyritic shale unit (Amos Knob formation). It is probable that this is the first reductant unit that would be encountered by circulating fertile fluids. The presence of evaporites within the succession also provides a ready source of salt for basinal brines to transport base metals3.

  1. Schmid, S and Baumgartner (2024). First insights into the sediment hosted copper mineral system of the Birrindudu Basin, NT. Northern Territory Geological Survey, 2024. Annual Geoscience Exploration Seminar (AGES). Presentations and posters. Northern Territory Geological Survey, Record 2024-002.
  2. Schmid, S and Crombez, V, (2023). Proterozoic sediment-hosted copper mineral systems in the Birrindudu Basin, Northern Territory. 6IAS: 6th International Archean Symposium – abstracts, 184-185.
  3. Dunster, JN and Ahmad, M, 2010, Chapter 17: Birrindudu Basin, in Ahmad M and Munson TJ (compilers). Geology and mineral resources of the Northern Territory. Northern Territory Geological Survey, Special Publication 5.

Gidgee North

Gidgee North

The Gidgee North project is located approximately 640km northeast of Perth in the Murchison region of Western Australia. The project comprises tenements E53/1920 and E51/2032, and the Geoff Well farm-in project (E53-1832-I), covering approximately 146 km2 of the Gum Creek greenstone belt. The greenstone belt forms a broadly sinusoidal belt some 100km long and 24km wide within the Youami Terrane. The Gum Creek greenstone belt has historically produced over 1 Moz of gold1,2.

 

Gold Prospectivity

Previous exploration over the Gidgee North Project was largely focused on near-mine environs or known shear zones, with more regional exploration comprising limited, shallow rotary air blast (RAB) or air core (AC) drilling and soil geochemical sampling programs. However, a review in the June quarter of 2025 found that much of the historic geochemistry is not fit for orogenic gold exploration and areas of transported cover may not have been adequately tested.

 

The Company has recently re-examined earlier acquired airborne geophysical data in conjunction with an interpreted bedrock geology map of the whole Gum Creek greenstone belt3 to generate a series of conceptual targets. An updated regolith interpretation of these areas will be used to guide field mapping and soil sampling to test gaps in previous work.

 

In February 2025, Westar drilled two deeper RC holes into coincident magnetic and gravity “bullseye” anomalies at Mageye on E53/1832-I4, following encouraging Ag, As, Ba, Bi, Mo, Sn, Te, and W anomalism in bottom-of-hole samples in an earlier air core program. Although assays from the RC drilling did not encounter gold or copper mineralisation, they did show highly anomalous molybdenum and bismuth values suggesting proximity to a potentially mineralising granitic intrusion. Westar is planning to carry out an air core drilling across the Mageye anomaly to obtain bedrock samples for pathfinder geochemistry. These data will be used to vector towards any gold-rich parts of the system that may be present.

 

Base Metal Prospectivity

Detailed analysis of SkyTEM AEM data flown over the project by Panoramic resources in 2015 identified multiple conductors over the Gidgee North Project. These conductors  are potentially analogous to the nearby Altair Cu–Zn–Ag deposit held by Horizon Gold (ASX: HRN), which reportedly hosts an Inferred Mineral Resource Estimate of 7.0 Mt @ 1.8% Zn, 0.5% Cu, 5.0g/t Ag  for 130,000t Zn, 30,000t Cu, and 1.1Moz Ag5. The Geoff Well farm-in contains historical drilling at the Vela prospect with assays including 20m @ 0.17% Zn in GVER001 and 8m @ 1.12% Cu in GVER010.

 

Westar has carried out several small programs of proof-of-concept VMS drilling based on EM conductors, noting the similarities of the Vela and Geo prospects with the nearby Altair deposit. This work is currently being re-evaluated to determine if some of the targets at Gidgee North have been inconclusively tested.

  1. 14 January 2023, HRN:ASX Announcement, “RIU Explorers Conference Investor Presentation”
  2. 08 February 2023, GML:ASX Announcement, “Investor Presentation February 2023”
  3. Beeson et al., 1993, MERIWA Report No. 109 “Controls on mineralization and tectonic development of the central part of the northern Yilgarn Craton”
  4. 14 April 2025, WSR:ASX Announcement, “Mageye Drilling Update”
  5. 14 March 2023, HRN:ASX Announcement, “Maiden Altair Base Metal Resource and Drilling Results from Altair and Mensa Targets

Mt Finnerty

Mt Finnerty

Ramelius Resources Farm-in/JV (WSR 25% Free Carry to Decision to Mine)

The Mt Finnerty Project  is subject to a Farm-in and Joint Venture Agreement with Ramelius Resources. Westar will hold a free carried 25% interest until a decision to mine is made, at which point Westar can either contribute to ongoing expenditure or dilute its interest in the project.  A full summary of the Farm-in Agreement is set out in section 10.1(a) of the company’s IPO Prospectus.

Background

Mt Finnerty is located approximately 430km east-northeast of Perth and 200km northeast of the Ramelius Resources Edna May mine and mill (under care-and-maintenance as of April 2025), within the Archaean Marda–Diemals greenstone belt. Historical exploration across the Mount Finnerty Project in the 1990s defined the Flinders and Tasman Prospects with significant assays including;

  • 9m @ 98.2 g/t Au from 62m (MF023), including
    4m @ 215.8 g/t Au from 62m.
  • 1m @ 236.3 g/t Au from 126m (MFRC029).
  • 24m @ 3.68 g/t Au from 45m (MF038), including
    4m @ 12.6 g/tAu from 46m.
  • 9m @ 9.95 g/t Au from 51m (MF8880/1376).
  • 6m @ 14 g/t Au from 39m (MF8580/1414).
  • 8m @ 3.2 g/t Au from 48m (MRFB040).
  • 3m @ 6.4 g/t Au from 54m (MF034).
  • 4m @ 3.4 g/t Au from 57m (MF044).

Gold Potential

Ramelius Resources has completed RC drilling over several campaigns, and one round of diamond drilling in 20231, returning exceptional intersections including;

Flinders Prospect

  • 5m at 66.7g/t Au from 175m in FLRC002, including
    • 1m at 52.4g/t Au from 176m and also including
    • 1m at 274g/t Au from 177m
  • 4m at 14.1g/t Au from 136m in FLRC003, including
    • 1m at 43.4g/t Au from 137m
  • 1m at 35.0g/t Au from 125m in FLRC004
    • 1m at 11.8 g/t Au from 139m in FLRC0017
    • 7m at 3.44 g/t Au from 166m in FLRC0020
    • 2m at 10.5 g/t Au from 224m in FLRC0021
    • 5m at 1.32 g/t Au from 99m in FLRC00022, and
  • 9m at01 g/t Au from 114m, and
  • 3m at 3.20 g/t Au from 126m

Tasman Prospect

  • 13m at 4.37g/t Au from 182m in FLRC015
  • 5m at 2.63g/t Au from 146min FLRC0013
  • 8m at 4.70 g/t Au from 142m in FLRC0028
  • 5m at 3.01 g/t Au from 142m in FLRC0030

Figure 1 – Mt Finnerty JV Project with historical drilling as well as recent and previous RMS drilling campaigns

Figure 2 – Flinders Prospect Plan – Drilling Results

Figure 3 – Flinders Prospect – Cross Section

Figure 4 – Tasman Prospect – Cross Section

  1. 27 April 2023, WSR:ASX Announcement, “Mt Finnerty JV – Initial Diamond Drilling Results