Albion Resources Limited (ASX:ALB) is a zinc focused exploration company that owns substantial land assets in the Lennard Shelf, Kimberley region of Western Australia.
The Company owns a set of exciting, high-grade base metal projects across a large landholding and is backed by a technical team with a depth of knowledge and past success in the Lennard Shelf.
ALB’s Lennard Shelf Project includes five granted exploration licences, including E 04/2499, 04/2637, 04/2672, 04/2504 and 80/5352 and an exploration licence application, E 04/2662. The project spans over an area of 393km2 in the Lennard Shelf, Kimberly Region and is further categorised into four sub-projects, namely:
- Pillara East (E 04/2499, 04/2637 and 04/2672)
- Prices Hill (E 04/2504)
- Sadler Ridge (E 80/5352)
- Oscar Range (ELA 04/2662)
Besides this, the Leinster Project tenement overlaps the main Kalgoorlie-Wiluna highway and proximal to the Eastern Goldfields Gas Pipeline. Moreover, the tenement is placed close to the historical and developing nickel projects.
Historically, RC or diamond drilling has been shallow and inadequately tested at depth and current drill-ready targets.
The Company also stands in a tight capital structure position that ensures maximum leverage to any exploration success. Moreover, Albion’s vision is underpinned by the anticipated increment in Zinc prices along with the projected increase in demand for the commodity in the future.
Albion has major exposure to the opportunity of making fresh discoveries in an established mineral district that remains majorly unexplored since mine closures.