The Company has approximately 1,750 square kilometers (100% Cygnus owned) of granted tenements located over underexplored greenstone belts prospective for lithium, REEs, nickel, copper, PGEs & gold. Significant projects include;
Bencubbin REE Project – thick consistent clay profile developed over an REE enriched granite margin
Bencubbin Lithium Project – comprising over 70kms of the Bencubbin greenstone belt. Targets include lithium, nickel, copper and gold
The Bencubbin REE project is located in the Western Australian Wheatbelt near the town of Bencubbin. Historically this area has been known for highly fractionated pegmatites and parent granites with several pegmatite mines.
The Project offers the exploration potential to discover high-value REEs used in the manufacture of high-strength permanent magnets namely neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and, terbium (Tb).
Cygnus is exploring for a clay hosted REE deposit, having discovered a thick, consistent clay profile interpreted to be developed over an enriched granite margin.
Widespread REE enriched clay intercepts include: