The Watchem Project consists of exploration licence applications EL7642 and EL7932, which are located approximately 20 km west of the Douglas Project and EL7932, which is located approximately 20 km west of Donald in northern Victoria.
Similar to the Goschen Central Project, drilling by CRAE at the Watchem Project in the 1980s have identified HM mineralisation. A modest amount of drilling has been completed at the Watchem Project since then.
The Watchem Project is a fine-grained, WIM-style mineral sands project located in a region being developed for this style of deposit by Iluka Resources Limited, Astron Corporation Limited and WIM Resource Pty Ltd.
Previous work in the area was undertaken by CRAE in late 1980s and early 1990s when WIM-style deposits were considered attractive exploration targets within the Murray Basin. Based on historic drillholes by CRAE, the Watchem Project has a number of widely-spaced, fine-grained heavy mineral sands intersections of 4% to 5% total heavy mineral (THM) with 17% to 20% zircon, 10% to 17% Rutile, 25% to 35% ilmenite and 2.1 to 3.5% rare earth minerals (RE) monazite and xenotime.