Tay-Munglinup Project
The Tay-Munglinup project was recently acquired by Jutt, when it entered into an agreement to explore for nickel in the Tay-Munglinup region, near Ravensthorpe. Under the agreement, Jutt Holdings will acquire an option to earn up to an initial 60% equity in exploration licences E74/310, E74/317 and E74/318, covering approximately 540 square kilometres and 120 km strike length over a prospective greenstone belt.
Jutt is targeting the under-explored Tay-Munglinup greenstone belt because it has only recently been identified as a southern extension of the greenstone belt that hosts Maggie Hays nickel deposit and it is part of the larger Ravensthorpe greenstone belt complex.
The southern end of the greenstone belt is only 30 km from the BHP Billiton Ravensthorpe laterite nickel deposits hosting some 500 million tonnes of nickel ore at better than 0.5% nickel.
Jutt will be exploring for nickel-hosting ultramafic and ultrabasic rocks, similar to that mined in the nearby Ravensthorpe region.