McLaren Minerals Limited (ASX: MML) (“McLaren” or “Company”), is pleased to provide a further update on the phase 1 Drill Program at its wholly owned McLaren Titanium Project in the western Eucla Basin, Western Australia. This update is driven by the completion of geological interpretation of all the drilling during this campaign, in the absence of laboratory results.
Highlights
McLaren Titanium Project
192 drill holes completed for a total of 4,067 metres, on time and without incidentSignificant extensions of prospective sediments outside of currently known resource boundaries observed during drilling:North extension: approximately 2,200m wide, avg. 14m thick (max 23m),Central zone eastern extension: 800m wide, avg. 20m thick (max 23m),Southern zone: 2,600m wide, avg. 10m thick (max 15m).Potential impact on the Mineral Resource Estimate will be evaluated as part of the PFS Resource updateMetallurgical and geological samples submitted to IHC and Diamantina LaboratoriesGeological work has improved confidence in deposit morphology and is expected to reduce future drilling costsStrong community support confirmed within an established mining region
McLaren Mineral Sands Managing Director, Simon Finnis, commented:
“While we have not yet received any assays, phase 1 has delivered strong confidence to our team regarding this project. The most recent interpretation not only confirm the integrity of our geological model, but importantly, demonstrates the scale of the opportunity ahead. Defining substantial potential for mineralisation outside the current Resource boundary positions us well for future resource growth. We’ve also made solid ground operationally—drilling was completed on time, we’ve brought costs down, and we’re seeing strong local support. Taken together, these outcomes give us a great deal of confidence as we move toward the next phase of work and continue building long-term value for shareholders.”
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