Waterlander Niobium & REE Project
Waterlander Niobium & REE Project
Power’s Waterlander Project, in the West Arunta province of Western Australia, is considered prospective for niobium and rare earth elements (REE). Waterlander is located immediately adjacent to WA1 Resources’ (ASX: WA1) world-class Luni niobium discovery at its West Arunta Project, approximately 420km south of Halls Creek.
The project comprises licence areas E80/6046, E80/6005 and E80/6045 which cover 105km2.
Our acquisition of Waterlander provides Power with an early mover advantage, with a strategic landholding in an emerging globally significant niobium exploration precinct.
Niobium is a high-value, critical metal with a growing demand profile. It is widely used in steel as a strengthening agent, and also has emerging applications in lithium-ion batteries where it is utilised to enhance battery life and reduce charging times substantially.
We plan to commence targeted field work to define drill targets, upon grant of the exploration licence. This will include ground gravity surveys and geophysical (passive seismic) surveys, focusing on focus on niobium-REE targets within the Arunta basement, similar to the carbonatites defined by WA1.
Figure 1: Waterlander Project location shown in pink (E80/6046, E80/6045 and E80/6005) on regional topographic map. Niobium-REE carbonatite targets shown in green circles (source: WA1 Resources and Encounter Resources ASX releases, 2023)
