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Western Yilgarn NL (ASX:WYX)

ALERT: Price-sensitive ASX Announcement for WYX
Current share price for WYX : $0.032 -0.019 (-37.25%)+
Announcement
Release
18 Feb 2026 9:37AM
Price at Release
$0.051
Full Release
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Summary
Western Yilgarn NL announced a significant high-grade mineral discovery at their Ida Holmes Junction Project in Western Australia. The exploration focused on a cobalt-nickel-copper-lead-scandium mineralised system, confirmed through a rock chip sampling program over their exploration licence E36/1028. The program identified very high-grade mineralisation with notable results of up to 2.47% Cobalt, 1.07% Nickel, 1.3% Lead, and 126.25 ppm Scandium oxide. This discovery enhances Western Yilgarn's strategic position in critical minerals, particularly with cobalt and scandium being essential for modern technologies. The project is located near significant geological structures and major mining operations, and further exploration is planned to evaluate the relationship between the mineralisation and nearby fault zones.
Key Points
  • High-grade cobalt-nickel-copper-lead-scandium mineralisation confirmed.
  • Rock chip sampling returned up to 2.47% Co, 1.07% Ni, 1.3% Pb, 126.25 ppm Sc2O3.
  • Project located in the Yilgarn Craton, Western Australia.
  • Project near major mining operations like BHP’s Leinster and Mt Keith.
  • Further exploration to determine relationship with Ballard Fault Zone.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.