Cervantes Corporation has announced that it has been granted an exploration license for a 56 block area within the highly prospective Albany Fraser Range area of Western Australia.
The permit adjoins the boundaries of the Mount Ridley Mines and is in the immediate vicinity of several other exploration companies currently carrying out exploration in anticipation of replicating the major success of Sirius Resources at their Nova Nickel discoveries in the Fraser Range.
The company said in a statement to the ASX that it will proceed to finalise any Native Title issues which may be required and carry out research of all historical data and exploration of the area before formulating an exploration program.
“Cervantes will monitor the success of all other companies’ exploration programs within the vicinity on an ongoing basis to ensure a full knowledge of the area before commencing expenditure on any exploration, in consultation with our exploration consultants,” reads the statement.
Cervantes also said it will provide regular updates on its progress as it works its way through the various stages of the exploration program.