NOTE: The Kambalda-Norseman region is abundant with gold, nickel and lithium.

Gold Fields’s St Ives Gold Mine has delineated over 55Mt resources while Canada listed Karora Resources (KRR) contains similar size of gold resources at its Higginsville project. ASX penny stocks PNR/TUL is set for production in 2023. Additionally, ASX penny stocks, AAR, AWJ and MXR, control the gold rights along the Gold Field Hwy while WIN takes the nickel (They are all the products of NMT’s diversifies). 

In May 2022, MCR’s Cassini mine (2.45Mt@2.9% for 71.1k Ni) produced first nickel through BHP’s plant, at the same time, GAL claimed a major PGE discovery.

The Norseman region also hosts three renown lithium projects namely MIN’s Mt Marion Lithium Project, Alita’s Bald Hill Lithium Project, and ESS‘s Pioneer Dome Lithium Project. Furthermore, MIN reached JV agreement with MQR and PNR/TUL in respect of the lithium right on their respective tenements.

ASX penny stocks, WIN, GAL, TUL, and AAR, are the most hopefuls.