Mt Finnerty Project
In 2006, Breakaway entered into the Mt Finnerty joint venture with Barranco Resources NL to earn a 60% interest in the tenements by spending $2 million over 4 years. The project is located 400 kilometres east-northeast of Perth , between the towns of Coolgardie and Southern Cross, and covers nickel prospective, high MgO ultramafic rocks which may represent the regional equivalent of the Lake Johnston belt to the south where Norilsk Nickel owns the Emily Ann and Maggie Hays Nickel Mines.
The belt was last explored at a reconnaissance scale in the 1970's by Western Mining Corporation Ltd. Evidence of geochemical anomalism was located but only limited percussion drilling took place.
Breakaway has completed reconnaissance style exploration including geological mapping, auger geochemical work that confirmed the presence of surface nickel-copper geochemical anomalism over prospective ultramafic rocks, and surface TEM geophysics. Follow-up of the results is planned.