Australian nickel exploration company Mining Projects Group (MPJ) announced that it has commenced an assessment of the gold potential at its 100%-owned Roe Hills Project located 120 kilometres east-southeast of Kalgoorlie in WA.
The company’s Managing Director Joshua Wellisch said the new gold exploration initiative at Roe Hills marks an exciting new chapter for the company which complements the strategic diversification of its commodity base.
“Roe Hills is a world class nickel sulphide exploration asset. The identification of a significant, unrealised gold opportunity at Roe Hills by our technical team provides the MPJ shareholders with exposure to the strengthening gold price and adds to our very positive underlying view of the potential of the Roe Hills Project to yield multiple significant new nickel discoveries,” he said.
“However, market reality and the current depressed nickel price – which has seen the price fall to 12-year lows – makes it very difficult to attract investor support for early stage nickel exploration.”
According to Mr Wellisch, the company’s strategic diversification into gold and lithium via the recently announced transaction with Tyranna Resources has allowed MPJ to attract new investment support for exploration of these commodities, with the untapped gold potential at Roe Hills fitting well into that category.
“We look forward to progressing our gold exploration activities at Roe Hills in parallel with the initial assessment of the Pilbara Gold-Lithium Project. This marks the beginning of an exciting new growth phase for Mining Projects, with results to be announced regularly as the exploration campaigns are executed.”
