MinRex Resources Forms Partnership with West Cobar Metals for Fraser Range Exploration

March 25, 2025 11:00 AM AEDT | By Team Kalkine Media

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MinRex Resources Forms Partnership with West Cobar Metals for Fraser Range Exploration — Image source: shutterstock

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Highlights

MinRex Resources enters agreement to acquire a stake in Fraser Range copper-gold project.

Key exploration targets identified, focusing on IOCG and BHT mineralisation.

Drilling activities to commence following heritage survey clearance.

MinRex Resources (ASX:MRR) has signed an agreement with West Cobar Metals (ASX:WC1) to acquire a stake in the Fraser Range copper-gold project located in Western Australia. Under the agreement, MinRex will fund exploration activities within the area. This collaboration aims to advance geological understanding and resource evaluation.

Geological Significance
The Fraser Range project includes granted exploration licences with indications of copper-gold mineralisation. The area has seen limited previous exploration despite its geological characteristics. The project shares geological traits with established mineralised systems, including the Nova-Bollinger nickel-copper deposit and formations similar to those in northwest Queensland and New South Wales.

Exploration Plans
West Cobar Metals has identified multiple IOCG and BHT mineralisation targets for drill testing. Exploration will focus on three IOCG targets and two BHT targets, with planned drill depths extending into key mineralised zones.

Drilling and Next Steps
MinRex Resources is set to commence earn-in drilling following the completion of a heritage survey. This survey, scheduled for early April, will ensure that drilling activities align with cultural and environmental considerations. The drilling phase is expected to progress over several months, providing further geological insights.

Strategic Outlook
Beyond this agreement, MinRex Resources continues to assess other exploration opportunities across domestic and international locations. The company remains focused on advancing projects within resource-rich regions to enhance its broader exploration portfolio.

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