Capel Mineral Sands Project

Western Australia

  • Capel Project (E70/6372) – Previously held by Tronox (NYSE:TROX), a global, vertically integrated producer of titanium dioxide and inorganic chemicals
  • Project prospective for Heavy Mineral Sands (HMS) and Silica Sand
  • Potential for the Iluka Resources (ASX:ILU) Capel South Mineral Resource to extend into Pinnacle tenure, with Capel South holding a Measured Resource of 14.4MT at 8.8% HM1
  • Previous exploration2 conducted by Iluka identified shallow HM mineralisation including:
    • 21m at 3.3% HM from surface (RB007)
    • 21m at 2.6% HM from surface (RB001)
    • 18m at 2.2% HM from surface (RB003)
  • Immediate focus on determining if the Iluka’s Capel South Mineral Resource extends into Pinnacle’s project area and testing Silica Sand potential
1 – Iluka Resource Perth Basin Mineral Resource Breakdown By District,
Deposit and JORC Category at 31 December 2022
2 – Wamex Report Number – A97325