The Yule Project is located between 45km and 65km southwest of Port Hedland in the Northern Pilbara region of Western Australia. There are four exploration licences for a total of 656 km2 comprising the granted Yule North tenement E47/3508, the Yule South tenements E47/3503 and E47/3507 and the recently applied for Yule East tenement E 45/5570.
The Yule Project is located at a major geological terrane boundary and is proximal to or hosts major regional structures including the Sholl Shear Zone, Yule River Shear and Mallina Shear. Brumby Resources completed a VTEM and aeromagnetic survey in 2006 over prospective areas but did not test any of the interpreted VTEM anomalies or follow-up most of the interpreted targets resulting from the aeromagnetic survey. A geophysical review of the Yule Project tenements undertaken in mid-2019 assessed the regional structure, intrusive complex and stratigraphy in the Yule area and has identified 17 priority targets. The targets are considered prospective for gold, rare metal pegmatite-hosted, and intrusive-related base and precious metal mineralisation.
Yule North (E47/3508) covers approximately a 17km long strike length of the highly prospective Sholl Shear Zone and Boodarie volcanic belt and has been the subject of previous exploration for Cu-Ni, Cu-Pb-Zn and Au mineralisation since the early 1970s. The Sholl Shear hosts significant VMS-associated Cu-Pb-Zn-Ag mineralisation at the Whim Creek, Mons Cupri and Salt Creek deposits to the southwest of the tenement area. The Balla Yule prospect is located approximately 2km north of the Sholl Shear zone and is an interpreted layered mafic /ultramafic intrusive with Ni-Cu-Co potential as demonstrated by a previous drill intersection of 14 metres of 0.51% Ni & 0.033% Co from 38 metres including 4 metres at 0.70% Ni, 0.048% Co in BYRC003 and recent petrographic analysis.
Within the Yule North tenement 6 target areas have been identified with 3 high priority targets scheduled for refinement with ground-based geophysics.
The Yule South tenements (E47/3503 and E47/3507) cover most of the Portree Granitoid Complex which is prospective for rare earth element mineralisation including tin-tantalum as these metals occur in similar granitoid rocks to the east and southeast of the project areas. The sheared granite margins may also provide structural sites with the potential to host gold within remnant greenstone units. Palaeochannels associated with the Yule River also have the potential to host deposits of heavy minerals and gold.
11 identified target areas have been prioritised within the Yule South tenements with 3 high priority gold and rare metal pegmatite targets scheduled for follow-up drilling.