Binneringie Project
4. BINNERINGIE NICKEL-COPPER PGE PROJECT
4.1 LOCATION AND ACCESS
The Binneringie Project comprises a series of tenement applications extending across the Yilgarn Craton from Lake Cowan (southeast of Kalgoorlie) in the east to Forrestania in the west; a distance of about 250 kilometres.
4.2 TENURE
Athena?s Binneringie Project covers approximately 1,450 square kilometres and consists of fourteen Exploration Licence Applications. Athena has an 80% interest in the project contributing 100%.
4.3 GEOLOGY AND MINERALISATION
The Binneringie Project is a conceptual exploration play based on similarities with the Great Dyke of Zimbabwe. The intrusion is known to host anomalous copper sulphides and PGE?s in the Lake Cowan area near Widgiemooltha 120 kilometres southeast of Kalgoorlie.
The Binneringie dyke is prospective for magmatic nickel-copper-PGE-chromite, titaniferous magnetite and vanadium deposits. The Binneringie dyke is comparable in length to the Great Dyke of Zimbabwe and is the only member of the Jimberlana Suite to have a significant gravity signature associated with it. The area was targeted using gravity and magnetic data, which indicate a major east-west trending mafic dyke parallel to and belonging to the Jimberlana Dyke swam. The gravity and magnetic data along the Binneringie Dyke indicate a number of poorly exposed, but largely continuous ultramafic and mafic to felsic intrusions along the trend of the dyke. A nickel copper cobalt occurrence at Bronzite Ridge on the parallel trending Jimberlana Dyke to the south, demonstrates that these dykes have the potential to host copper-nickel and platinum group metal mineralisation.
4.4 WORK COMPLETED BY ATHENA
Athena has been actively compiling open file data held by the Geological Survey of Western Australia ahead of ground reconnaissance in the coming months. Assessment of past exploration includes the capture of historic surface and drill hole geochemical data as digital files. These data sets are currently being integrated with gravity, magnetic and remote sensing data from public sources to identify specific targets for ground checking.
The technical information relating to Athena?s exploration projects was compiled by Mr Donald Thomson, an employee of Indigo Exploration Services Pty Ltd. Mr Thomson is a Member of the Australasian Institute of Mining and Metallurgy, and has sufficient relevant experience in the styles of mineralisation and deposit styles under consideration to qualify as a Competent Person as defined in ?The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2004 edition)?. Mr Thomson consents to this inclusion of the information in this report in the context and format in which it appears.