PVW Resources

Exploring Western Australia for REE and HREE

This PVW Resources profile is part of a paid investor education campaign.*

PVW:AU
ASX:PVW


Overview

Renewable technologies are leading the charge into the future of energy production. Electric vehicles (EVs), wind turbines, and other green technologies are gaining momentum, showing no signs of slowing down. Looking at EVs alone, experts project 34.4 percent more units will ship in 2022 than in 2021. The fast-paced growth of renewable technologies has created increased demand for the rare earth elements (REE) and heavy rare earth elements (HREE) needed to manufacture them. Plus, increasing geo-political uncertainty means demand for REE and HREE is growing, putting more pressure on the supply chain.

REEs and HREEs are required to manufacture the magnets found within EVs, wind turbines, medical equipment and even smartphones. However, over 85 percent of the world’s REE (>95 percent Heavy REE) is produced in China, prompting governments to take action. For example, in 2021, the Pentagon awarded US$30.4 million to Australia's Lynas Rare Earths (ASX:LYC,OTC Pink:LYSCF), the largest non-Chinese producer, to build an REE processing facility in Texas. Additionally, the U.S. Department of Defense recently awarded US$35 million to MP Materials to build an HREE processing facility in California.

U.S. President Biden announced a new investment in February 2022, stating, “We’re investing $35 million in MP Materials, currently America’s only rare earth mining and processing operation, to help create a fully domestic supply chain for the magnets that power electric vehicle motors, wind turbines, and so much more."

Where will the West’s REE and HREE production come from? Countries are limited by their natural resources and they’re not all sitting on high-grade REE deposits. Fortunately, mining-friendly Australia is emerging as a potential global REE extraction leader. REE and HREE extraction only began in the country in 2007, yet it has the sixth-largest REE reserves on the planet and is in a perfect position to increase its output.

PVW Resources (ASX:PVW) is an Australia-based exploration and development mining company targeting Tier 1 jurisdictions in Western Australia. The company is focused on exploring and developing its HREE asset in the Tanami Region, which has the potential to be a company-making globally significant discovery. A strong management team with experience taking REE projects from discovery to production is ready to do it again with PVW Resources. PVW Resources is also exploring multiple gold assets in world-class gold-producing provinces within the state.

PVW Resources Exploration

The company’s flagship project in Tanami has already yielded encouraging data that indicates the presence of heavy rare earth elements. Data generated from rock chip and soil sampling, geological mapping, ground radiometric and airborne geophysics have guided the company to Killi Killi East, a 3-kilometer formation with up to 12.45 percent Total Rare Earth Oxides (TREO), which measures the presence of both REE and HREE per tonne.

In a recent interview, CEO George Bauk, explained the importance of heavy rare earth elements, noting: “Heavy rare earth distribution is around 80 percent at the Killi Killi project in Tanami. The critical bit is the heavy nature of the dispersion. HREE is critical with electric vehicles, particularly in the motors and the permanent magnets used in them. We all know the demand is just growing exponentially with electric vehicles and the criticality in defense.”

PVW Resources has an all-star management team with extensive (and rare) expertise in REE mining. Bauk previously served as the Managing Director/CEO of Northern Minerals and led the company from greenfields to production. The team also includes consulting geologist Robin Wilson, a former Northern Minerals Exploration Manager who is credited with the discovery of the prolific Browns Range, and Colin McCavana who founded Northern Minerals and served as the chairman who guided the company’s development. Beyond these REE experts, the management team is rounded out with experts in administration, corporate finance, and exploration.

Company Highlights

  • PVW Resources is an Australian exploration and development company focused on developing its HREE asset in Tanami to potentially become a global supplier of the critical minerals
  • The company also holds outstanding strategic land positions in world-class gold-producing provinces
  • Promising exploration data of the Killi Killi East formation within Tanami has yielded incredibly promising results, with up to 12.45 percent TREO from rock and soil samples from throughout Killi Killi East
  • Expertise in REE and HREE is rare, yet PVW Resources has a management team with direct experience in taking an REE asset from discovery to production and they’re ready to do it again, differently.

Key Projects

Tanami Heavy Rare Earth Elements (HREE) and Gold

PVW Resources Tanami Heavy Rare Earth Elements and Gold

Tanami is quickly emerging as a promising HREE province in Western Australia. PVW Resources’ HREE asset has produced encouraging data that could turn the company into a global supplier of these crucial elements. The company is in a unique position to leverage management’s expertise and Tanami’s potential deposits to turn the asset into a significant HREE producer.

Project Highlights:

  • Promising Results Through 3 Kilometers: Exploration of the Tanami asset honed in on Killi Killi East, a 3-kilometer-long target with strong REE and HREE sampling results. Rock chip assays from the area reached up to 12.45 percent TREO, with 25 of 37 samples returning assays over 1 percent TREO.
  • Encouraging Metallurgical Analysis: Five metallurgical samples of 20 kilograms each further indicated assays up to 8.45 percent TREO.
  • Strong HREE presence: Each rock sample that returned assays of over 1 percent TREO contained an average of 80 percent HREE
  • Additional Potential Within the Province: Hydrothermal unconformity along the 18-kilometer formation between Watts Rise and Killi Killi indicates the potential for rare earth mineralizations.
  • Drilling Targets Still Being Identified: PVW Resources aims to take the project into full production, but more drilling is required. Further geophysical interpretation of airborne surveys and additional soil and rock testing will isolate ideal drill targets.
  • Gold Creates Additional Opportunity: Rock chip samples from Killi Killi East returned assays of 8.5 g/t and 4.43 g/t gold. Watts Rise already has drill-ready targets and the company is awaiting results from geochemical soil sampling to proceed.

Kalgoorlie Gold

PVW Resources Kalgoorlie Gold

Kalgoorlie is known as a world-class gold region and is home to many established gold mines. PVW Resources recently completed two transactions to increase the tenure to 150 square kilometers.

Project Highlights:

  • Nearby Successful Projects: Norton Gold Fields (NGF) has a nearby active mine and recently opened a new open pit. Yandal Resources (ASX:YRL) is currently exploring the province and yielding promising results.
  • King of the West Project Contains Gold Anomaly: The project contains a 4km by 1.5km +40ppb gold anomaly that has had minor drill testing. First phase drilling was completed at the project with results due in April 2022.
  • Additional Promising Targets: The Pappy Prospect and Black Flag targets have completed aircore drilling, with results pending for both.

Leonora Gold

PVW Resources Leonora Gold

Gold production within the Leonora province has surpassed 15 million ounces across multiple organizations. Additionally, there are numerous operating gold mines in the region, which include Thunderbox, and Darlot, with King of the Hills (Red 5) advancing towards development. PVW Resources’ holdings contain multiple targets with promising exploration data, both new and historical.

Project Highlights:

  • Brilliant Well Rests on Underexplored Greenstone Belt: Greenstone belts are geographic formations known for containing gold deposits. Brilliant Well is located on one that has not been thoroughly explored. PVW is currently awaiting results from regional aircore and targeted RC drilling.
  • Promising Past and Historical Drill Results: Brilliant Well has historic drill results up to 12m at 3.86 g/t from 84 meters, while PVW’s 2019 aircore results indicate 4 meters at 4.09 g/t gold from 27 meters.
  • Jungle Well Has Promising Historical Results: The previous exploration revealed 13.2 meters at 1.74 g/t gold from 276 meters. It also contains a nugget patch that requires confirmation before exploratory drilling can commence.

Management Team

David Wheeler - Non-Executive Chairman

David Wheeler has more than 30 years of Senior Executive Management, Directorships, and Corporate Advisory experience. He is a foundation Director and Partner of Pathways Corporate a boutique Corporate Advisory firm that undertakes assignments on behalf of family offices, private clients, and ASX-listed companies. Wheeler has engaged in business projects in the USA, UK, Europe, NZ, China, Malaysia, Singapore and the Middle East. He is a Fellow of the Australian Institute of Company Directors and has experience on public and private company boards, currently holding a number of Directorships and Advisory positions in Australian companies.

George Bauk - Executive Director

George Bauk is an experienced executive/director with 30 years in the resources industry. He has worked in global operational and corporate roles with Northern Minerals, WMC Resources and Western Metals. Bauk has a strong background in strategic management, business planning, building teams, finance and capital/debt raising with a variety of commodities – in particular rare earths, gold, nickel and uranium. He was Managing Director of Northern Minerals from 2010 to 2020. Bauk is a Fellow of the CPA and is currently Chairman of Gascoyne Resources, Lithium Australia, BlackEarth Minerals and Valor Resources.

Colin McCavana - Non-Executive Director

Colin has over 40 years’ experience in the mining and resources sector and has extensive experience in exploration, project development, construction, corporate management, capital raising, financing, and operations. He has had extensive involvement in gold exploration and gold project development including the successful development and operation of several carbon in pulp and heap leach gold projects in Western Australia. Colin was the founding director of Northern Minerals and PVW Resources and oversaw the development of the Browns Range REE Project. He is also Chairman of Reward Minerals Limited.

Karl Weber - Exploration Manager

Karl Weber has over 25 years of experience within a diverse career in gold and base metal exploration within Australia and Internationally. He has held technical and management positions with Mines and Resources Australia (COGEMA), Harmony Gold, Venturex Resources (Brazil) and Gascoyne Resources. His roles include geologist, manager and country manager. He has held roles in many successful teams taking projects from discovery through resource definition to mining. Projects include White Foil, and Frog’s Leg.

Robin Wilson - Consultant Geologist

Robin Wilson has held senior exploration positions in several exploration and mining companies, including Polaris Metals, Tanganyika Gold, Troy Resources and CRA Exploration. Between 2006 and 2021 Robin led the Northern Minerals exploration team that discovered the Browns Range REE deposits that have produced HRE carbonate. He also spent 5 years working in oil and gas exploration for Woodside Energy. During nearly 30 years of involvement in mineral exploration, Robin has worked on rare earths, gold, nickel, REE, uranium, copper, lithium and phosphate projects throughout Australia and Africa.

*Disclaimer: This profile is sponsored by PVW Resources ( PVW:AU ). This profile provides information which was sourced by the Investing News Network (INN) and approved by PVW Resources in order to help investors learn more about the company. PVW Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with PVW Resources and seek advice from a qualified investment advisor.

to the top