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ASX penny stocks – resources – Western Australia – Mallina Basin

NOTE: The Malina basin/East Pilbara region is prosperous of gold, lithium and base metals.

Since DEG first discovered gold from its Hemi project in the region in 2020, its global resources have grown to 9Moz despite its low grade. It has sparked numerous interests in the intrusive style of geology. ASX penny stocks CAI has poured its first gold in May 2022 at its Warrawoona Project while ASX penny stocks KAI‘s York Project defined 0.87Moz gold.

When it comes to lithium, both PLS and MIN have re-commenced the lithium production at the Pilgangoora Mine and Wogina Mine respectively. GL1 has also established 10.5Mt@1.0% lithium resources.

Separately, DVP hosts two base metals projects and AZS works with Creasy Group at the Andover Nickel Project while ERW pegged a tenement beneath it.