Boadicea Resources Secures Landholding in Fraser Range - Discovery Next

  • Mar 18, 2020 AEDT
  • Team Kalkine
Boadicea Resources Secures Landholding in Fraser Range - Discovery Next

Boadicea Resources Ltd (ASX: BOA), based in Victoria, Australia, is a mineral exploration company, actively building on its ground position in the highly-prospective Fraser Range located in the very favourable mining jurisdiction of Western Australia, approximately 200 km south east of Kalgoorlie.

Though Nickel and Copper remain Boadicea Resources’ key focus commodities, the Company is open to other opportunities as well. The Fraser Range Nickel Belt, with nova-style high-value targets, is a fast-developing mineral province with large known unexplored resources and few years of mining, presenting a lucrative opportunity for upcoming miners to identify new nickel deposits. Thus, Boadicea Resources is transforming its exploration portfolio in this region via consolidation of more and more tenements to derive maximum exposure to the Fraser Range region. 



                  Boadicea project portfolio


Fraser Range Assets’ Worth More than Share Price  

As on 18 March 2020, the Company has a market capitalisation of around $ 11.68 million with ~ 55.6 million shares outstanding. The BOA stock last traded at $ 0.220 on 18 March 2020, up 4.762% from its previous close. BOA has delivered a six-month positive return of 5%. The Company’s Management considers that Boadicea’s Fraser Range assets are worth significantly more than the current share price.

Nevertheless, Boadicea Resources is the only non-aligned, strategic listed Company in the Fraser Range region with a total landholding spanning across 722 km².


          Company's reports


Three Most Strategic Licences

Of all its landholding, Boadicea Resources’ three most strategic licences in the Fraser Range include:

  • Symons Hill

This exciting prospect with Nova-Bollinger style nickel-copper mineralisation adjoins Independence Group’s $ 1.8 billion Nova Nickel Mine, where there are six (6) drill ready conductors with additional targets to be tested with geophysics in the southwest of the property.  

The Company is progressing with the development of Symons Hill Project in a systematic manner with collection and analysis of quality datasets and drill testing priority of targets, as warranted. A Moving Loop Electromagnetics (MLEM) survey was completed at the untested targets being, SH-09, SH-10 and SH-11, located in the underexplored northern portion of the project that delivered very encouraging results. The Company is looking forward to further exploration, especially in light of coincident aeromagnetic and gravity features, which were the reasons the targets were originally selected.

Boadicea Resources has also planned further MLEM surveys for the southern portion of the project next to Independence Group’s Nova Mine to discover more drill targets.

  • White Knight

Located in the northern portion of the Fraser Range, the “White Knight” Exploration Licence, E28/2721, which spans 30 km², was granted in mid-January 2020, after the Company successfully won in five (5) Mining Warden ballots for applications in the northern portion of the Fraser Range. White Knight is located adjacent to Creasy Group’s Silver Knight Nickel discovery to its northwest, thus marking a milestone for the Company.

  • Transline

Transline Exploration Licence Applications were granted to the Company in late-January 2020 and include:

  • Transline North Licence E28/2849 covering nearly 84 km2 and situated around 10 km west of Legend Mining’s’ recent Mawson nickel sulphide discovery.
  • Transline South Licence E28/2866 covering nearly 38 km² and located 25 km southwest of Mawson.


Boadicea Resources was most recently reported success in ballot for the “Giles South” licence ELA28/2952 (approximately 42 km2) and the “Giles” licence ELA39/2148 (~126 km2), both of them significantly expanding the land exposure in the northern part of the Fraser Gravity Ridge.

For an eye over the Company’s half year to 31 December 2019, please read Boadicea Resources’ First Half 2020 Highlights.   

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK