Greater Duchess Copper Gold Project (82.5-100%)
The Greater Duchess Copper Gold Project lies approximately 70km to the south of Mount Isa on a land holding of approximately 1921 km2, with multiple undeveloped copper rich Iron Oxide Copper Gold (IOCG) and epigenetic ‘Tick Hill’ style gold targets over a 100 km corridor.
The Mount Hope, Nil Desperandum, and Lady Fanny major discoveries are standout prospects within the Project, where broad high-grade copper mineralisation has been intersected at all three locations. The tenement package also includes the historical Duchess Copper-Gold Mine which produced approximately 205,000 t at 12.5% copper from 1900-1940 as well as numerous shallow IOCG deposits in a camp scale setting.
Other individual prospects within the project include Mount Birnie, Duchess, Big Beauty, Freckle and numerous other target areas of shallow historical workings, large soil anomalies and undrilled outcropping mineralisation.
The maiden interim Mineral Resource Estimate for the Greater Duchess Project consists of five mineral deposits for 21Mt at 1.3% Cu, 0.2 g/t Au for 283kt Cu, 148koz, or 1.4% CuEq for 315kt CuEq. Potential pathways to production are currently being explored. The Project is centrally located in a mining friendly jurisdiction and is surrounded by third party processing facilities and world class infrastructure including rail, road, gas pipeline and a highly experienced and mine ready workforce with abundant contract mining and haulage operators in the Mount Isa region.
The Company’s current exploration efforts have been centred around the following three prospects, which cornerstone the interim maiden Mineral Resource Estimate.