GWR is a well-funded resource house, developing a portfolio of mineral commodity projects that includes projects held in its own right, in joint venture and indirectly through investment in other listed entities.
As part of its diversification strategy, GWR has been investigating a number of other (non-iron ore) commodity opportunities. In August 2014, GWR established a 100% owned subsidiary, RWG Minerals Pty Ltd (“RWG”), with a mandate to seek opportunities throughout Western Australia, which are currently not held and can be acquired by applying for tenements.
Please visit eMetals web site: https://www.emetalslimited.com.au/
EMetals is an Australian based resources company whose prime focus is the exploration and development of tungsten, gold and rare earth projects in Australia.
On the 24th January 2020, one of the Group’s subsidiaries, RWG Minerals Pty Ltd, was sold to eMetals Limited and EMT relisted on the ASX. eMetal’s tenement interests include: E09/2114 – Nardoo Well (tungsten, lithium, tantalum, and beryllium); E29/950 – Twin Hills (gold); E46/1095 and E46/1163 – Cookes Creek (tungsten). During the year, EMT completed a public offer of securities (Offer) which successfully closed raising $4,354,000 (before costs). This has
strengthened the financial position of EMT and provided capital to be deployed across the Projects.
The Group currently holds 30.8 million shares or a 7.5% interest in EMT.
Since relisting in early-2020, EMT has announced the following activities:
- Results from reconnaissance stream sediment sampling confirm new Niobium, Tin and specialty metalanomalies
- Discoveries at Nardoo Rare Metals Project. Significant REE stream sediment sample results returned show an enrichment of up to 0.11% total rare earth oxide + yttrium (TREO), with the most anomalous results clustered around pegmatites at the recently acquired Beryl Well prospect (refer EMT ASX announcement 29 May 2020);
- Acquisition of Poona Project which contains extremely fractionated Lithium-Caesium-Tantalum (LCT) type pegmatites which are known to contain Caesium and Rubidium enrichments in surface samples (maximum of up to 0.31% Cs, 1.33% Rb). Highly anomalous individual rock chip samples of up to 2.58% Li2O, 0.3% Cs, 1.33% Rb indicate the pegmatites are of the prospective LCT subtype (refer EMT ASX announcement 18 June 2020);
- Highly anomalous tungsten identified at the newly discovered Miru Prospect over 2 km in strike length with a peak WO3 stream sample value of 1090 ppm (0.11%). Highly anomalous rare earth neodymium identified at the newly discovered Cairn Hill prospect with a peak Nd2O3 soil sample value of 463ppm (0.046%) (refer EMT ASX announcement 2 July 2020); and
- An 8 square kilometre area of La-Nb-Li-W anomalism defined around a known pegmatite occurrence at Beryl Well and new areas of REE enrichments defined in over 4 square kilometers of catchments (refer EMT ASX announcement 2 July 2020).