Octanex’s 2,587km2 flagship Sefton Project is located in the Great Victoria Desert between the Laverton and Yamarna Greenstone Belts, in the Eastern Goldfields province of Western Australia. It is comprised of five granted licences covering approximately 2,105km2 as well as a further 480km2 under application. This prospective package of ground has had very little modern exploration.
The company believes there is potential for the discovery of a major gold resource proximal to major structures traversing its Sefton Project area. The Sefton lineament is the most well-known major fault zone traversing the Sefton Project area.
There is also exploration potential for nickel-copper sulphides and nickel-copper laterite associated with ultramafic enclaves. Although the focus is gold, the company maintains a multicommodity approach to its exploration.
Octanex’s near-term objective is to identify areas of anomalous geochemistry along structural trends to generate targets for potential drilling testing.