Great Western Exploration Ltd (ASX:GTE) has finalised the first Native Title Land Access Agreement (NTA) for its 100% owned Lake Way Potash Project in Western Australia.
Lake Way is emerging as one of Australia’s premium potash districts following the discovery of high-grade potash brines by Salt Lake Potash Ltd (ASX:SO4) in their adjoining project.
Notably, a recent bankable feasibility study (BFS) completed by SO4 confirmed the project to have strong economics.
Great Western’s project is downstream from SO4 and historical drilling indicates that the potash brine remains high-grade near the boundary.
The NTA is an important step forward for the project that will help the Great Western commercialise the project through either a joint venture or sale agreement.
Air survey planned at Yandal West
Great Western is also planning an airborne electromagnetic (EM) survey at the Yandal West Gold Project in Western Australia.
The survey aims to detect geophysical anomalies that might represent potential volcanogenic massive sulphide (VMS) hosted base metal and gold targets.
Following this, drilling targeting gold will recommence at the Harris Find prospect.
Barton steps up to CEO
Furthermore, Great Western has revealed that chief financial officer (CFO) and company secretary Justin Barton will take over the CEO role from Jordan Luckett.
Barton is highly experienced with more than 20 years in finance, corporate relations, mining and development.
Luckett, who is stepping down for personal reasons, will remain involved with the company as a technical director.