The Crown Project (E70/5406) is 100%-owned by OAR, and is located in the Julimar District, within the Yilgarn Craton, approximately 70km north-east of Perth in Western Australia. It is just 8km west of the Julimar Complex, which hosts Chalice Mining’s (ASX:CHN) world-class Gonneville PGE-Ni-Cu-Co-Au discovery, making OAR the closest project holder to Gonneville.

​

Exploration to date has focused on geological mapping, soil geochemistry and rock chip sampling of outcrops.  The Priority 1 magnetic targets identified by the geophysical interpretation in the eastern region of the tenement were deemed to host unsuitable lithologies to host Julimar type mineralisation.  This resulted in a shift in exploration focus to the southeast corner and eastern margin of the tenement, where the Company was able to negotiate land access agreements over a number of privately held freehold leases.

​

A total of 170 rock outcrops were identified and sampled as part of the systematic exploration program across the project.  Industry standard, whole rock analysis of 26 elements and oxides was conducted using laboratory XRF.  A further 27 elements were determined using ICP in addition to gold, platinum, and palladium by Fire Assay technique.  Interpretation of the rock chip data resulted in no significant anomalies being deemed worthy of follow up.

A total of 758 soil geochemistry samples were collected across the project with no significant anomalism detected by PXRF analysis of 40 elements and Fire Assay of gold, platinum and palladium.

​

A Petrographic study was undertaken on six selected rock chip samples by a specialist petrographer at Geochempet Services in Queensland.  The rocks were considered to belong to the basement rocks of pre-Cambrian age consisting of meta-sediments containing mafic and igneous bodies.  The rock types identified were not consistent with Julimar style mineralisation.

​

Due to the rock types identified in outcrop and the results of the targeted soil geochemistry programmes, the Company recommends no further work be completed at Crown.