West Cobar Metals has finalised the acquisition of the Mystique gold project from IGO, based in Western Australia’s Fraser Range.

The company has acquired IGO’s 100 per cent interest in tenement E28/2513 after all conditions precedent were met.

The 35km² exploration licence is located about 225km southeast of Kalgoorlie and sits within the Albany-Fraser Province, an area known for hosting significant orogenic gold deposits.

“We are delighted to have completed the acquisition of the Mystique gold project,” West Cobar managing director Matt Szwedzicki said.

“The tenement comprises a key land area with exceptional and immediate potential for both shallow saprolite hosted and large-scale basement hosted gold deposits.”

West Cobar is wasting no time, with drilling plans already underway and targeting two key prospects, Themis South and Torquata. Both deposits were early indicators of potential for both shallow and large-scale gold systems.

Significant gold intercepts just north of the Mystique boundary at the Themis prospect have been reported by Rumble Resources.

These include intersections such as 25m at 2.42 grams per tonne (g/t) gold from 42m, including 5m at 10.85g/t from 49m, and 16m at 6.69g/t from 42m, including 4m at 22.2g/t from 50m.

While the Mystique project area remains underexplored due to its blanket of transported Eocene sediments, early drilling has revealed gold anomalism in both saprolite and bedrock.

With targets now clearly defined and a drill program being finalised, West Cobar is positioning itself to capitalise on the region’s untapped gold potential.