The Abednegno Hill Project comprises tenements E39/1641 and E39/1684 which are located in the Eastern Goldfields region of Western Australia, Australia. The tenements are located to the south and west of Minara Resources’ Murrin Murrin nickel mine and adjacent to the NiWest nickel deposit currently under development by GME Resources Ltd. They are believed to have potential for both nickel laterite and nickel sulphide mineralisation.
The area has historically been explored for nickel as well as copper and zinc by several companies. Exploration has included; early stage soil sampling to auger and diamond drilling. However there is still the potential for ultramafic units, prospective for nickel sulphide mineralisation, to be identified within the tenement area. Much of the project area is covered by alluvial cover which is likely to have hampered historical exploration. and it is likely that modern exploration techniques may identify new targets and favourable lithologies in the area. Celsius aims to commence exploration activities on the tenement following a comprehensive review of recently compiled historical data.
In due course, the Company may consider spinning out its nickel interests into a new public vehicle listed on the ASX.