Todd River Resources Limited announced that following the completion of the 2022 grain harvest, on-ground exploration will commence at its 100% owned Pingrup Ni-Cu-PGE Project in Western Australia (Figure 1). Land Access and Compensation Agreements have been finalised across key target areas enabling the Company to commence on ground exploration in consultation with farmers once the grain harvest is completed in January 2023. Exploration Licence E70/5954 covers an area of approximately 240 square kilometres within the Corrigin Tectonic Zone at the south west Yilgarn Craton Youanmi Terrane boundary some 300 kilometres south east of Perth.

The bedrock geology is obscured by thin (1-10 metres) sandy cover and a thick weathering profile. Within the project area are twelve magnetic features with historical work confined to just three of them. This work was completed by Magnetic Resources who were exploring the magnetic highs for the presence of Banded Iron Formation (BIF) hosted iron ore deposits between 2008-2011.

In all three cases drilling failed to identify any BIF, however it confirmed the magnetic features to be mafic-ultramafic intrusions.