The company is currently exploring within Australia and Peru and holds in excess of 5,000 km² of exploration title (granted tenements and tenement applications).
In March 2020 the Company announced the Strategic Alliance Agreement with South32 (SAA) had been extended for a two year period with South32 providing funds to advance selected early stage prospects to the drilling stage with follow-up drilling under agreed joint venture terms. During 2020 the Company received approximately A$3.5M for exploration programs in both Peru and Australia with an agreed administration fee (15%) helping to fund ongoing project generation.
The Company explores for a range of commodities and mineralisation styles including magmatic nickel-copper-platinum group element sulphides, large porphyry copper and iron oxide-copper-gold, and stratabound base metal deposits. Most of the projects are “greenfields” in nature although initial drilling at the Cerro de Fierro project in southern Peru has confirmed potential for an Iron-Oxide Copper-Gold (IOCG) mineralisation.
The Paterson Gold-Copper Projects are located ~250km east and north-east of Newman within the Paterson Province of Western Australia which hosts large gold and copper deposits at Telfer and Nifty as well as new discoveries at Winu (Rio Tinto & Havieron (Newcrest). This region is widely regarded as one of Australia’s current exploration “hot spots”.
The Moora & Morrisey Nickel-Copper projects are located north of Perth, Western Australia within metamorphic Belts that form the western margin to the Yilgarn. The projects lie within similar geological settings to the Julimar nickel-copper-PGE discovery by Chalice Mining which highlighted the untested nickel-copper-PGE potential of this margin of the Yilgarn Craton. Strong magnetic responses similar to those associated with the Julimar discovery are being targeted.
The company is currently exploring within Australia & Peru and holds in excess of 8,000 km² of exploration title (granted tenements and tenement applications).
Company office & mailing address:
8 Kearns Crescent, Ardross WA 6153
Phone: 08 9364 3866
Fax: 08 9364 4892
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