Hannans has secured an 85 per cent interest in tenements surrounding Kagara's Lounge Lizard project, Western Areas NL's flagship Flying Fox mine and Spotted Quoll deposit, and Hannan's 80 per cent owned Stormbreaker project.
These are all nickel operations in the Forrestania region 400km east of Perth.
"There is no better address in Australia to be exploring for nickel and Hannans shareholders now have greater exposure to this world-class belt," Hannans managing director Damian Hicks said in a statement on Thursday.
"We believe the new ground has similar rock types to those which host the outstanding nickel mines and deposits owned by our neighbours.
"We also believe the ground has great potential for gold as it is squeezed between significant gold mining leases."
The new ground will be explored as soon as the confidential deal is settled, likely in September.
Drilling is scheduled at the Stormbreaker project in late August.
Source: AAP NewsWire
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