Nickel Division
Metals X’s nickel division holds a portfolio of nickel royalties from Australia’s best known nickel producing mines (BHP ex WMC) and the wholly owned Central Musgrave Project.
More information on our nickel royalties can be found in the royalties division.
The Central Musgrave Project consists of 1785km² of exploration titles in Western Australia and South Australia covering Giles complex intrusives of the Musgrave block in central Australia.
The region is attracting considerable interest from many companies, especially following the discovery of nickel sulphide deposits at Nebo and Babel by Western Mining in 1999.
With the strong resurgence in nickel prices, and the rapid development of technology for the treatment of lateritic nickel ore types in the last 10 years, the Wingellina deposit, one of the largest undeveloped lateritic nickel deposits in Australia, became an extremely attractive resource and exploration target.
Due to a combination of factors, including perceptions of remote location and access problems, the region had been subjected to very little exploration using modern techniques, and only the laterite nickel potential had been investigate to any extent.
The Musgrave Ranges contain large tracts of Proterozoic layered mafic intrusives, known as the Giles Complex. Rock types such as gabbro, ultramafics, pyroxenites and troctolites, which are known to contain deposits of nickel sulphides and of platinum-group elements throughout the world, are widespread in the sequence. Copper occurrences are widespread in the region, but the large volumes of felsic volcanic rocks have not been systematically explored for base metals.
Metals X has two key prospects within the tenements, the Wingellina Prospect which lies in Western Australia and the Claude Hills prospect within South Australia.
Central Musgrave
The Central Musgrave Project creates a significant opportunity for the discovery and development of Nickel-Cobalt oxides, Nickel sulphide deposits as well as Platinum group elements. More Information ›
Wingellina
The Wingellina Prospect consists of three granted exploration licences, and one mining lease application. More Information ›
Claude Hills
The Claude Hills prospect covers the easterly extension of the Wingellina layered intrusion and basement gneiss in South Australia. More Information ›