Copper – Lead – Zinc – Nickel
(100% AQD – Subject to Strategic Alliance Agreement with a subsidiary of South32 Limited)
Balladonia, Western Australia
The Project is located ~60km south of the Nova–Bollinger nickel-copper deposit and consists of six Exploration Licences and six applications covering an area of ~1400 km². Exploration by the Company has identified potential for BHT and IOCG style mineralisation similar to that found in north-west Queensland (Mt Isa Belt) and at Broken Hill (NSW), as well as nickel-copper deposits similar to the Nova Bollinger deposit.
The project occurs within a structurally complex region of the Fraser Range Terrane and is centred above a deep regional gravity anomaly (~50 milligals) thought to reflect buried mafic-ultramafic rocks similar to those that host the Nova-Bollinger deposit.
Drilling to date has provided a greater understanding of the geology and geochemistry of the Tea Tree Trend confirming the wide spread nature of potential BHT host stratigraphy containing anomalous lead values associated with quartz-garnet-magnetite (QGM) rocks, and anomalous copper values associated with hydrothermal signatures (anomalous Bi, Mo, Te, Ag, & Au) proximal to the faulted western contact of the Tea Tree sequence.
Potential targets for Broken Hill Type (BHT) lead zinc and/or IOCG mineralisation have been identified for further drill testing based on interpretation of magnetic and gravity data integrated with the 2025 RC drill results.
Further drilling is planned for 2026 with priority given to structurally complex sites within and adjacent to the main Tea Tree sequence.
Drilling has also highlighted the potential for carbonatite-related mineralisation (base metals and/or rare earth elements – REEs) in the area. Carbonatite related rocks at the Telegraph and Halfway South prospects, plus elevated REEs within nearby drill-holes, support the possibility of carbonatite related mineralisation being found in the area.
The Company continues to be encouraged by the results at Balladonia, which suggest a highly prospective region for the discovery of large-scale base metal deposits as well as REE mineralisation.
Revised 25/03/2026
Balladonia South – Magnetic Image showing target locations and planned drill-holes
Balladonia Knee Prospect – NE drill section showing anomalous Bi and Cu in relation to the magnetic model plus additional planned drill-holes
Balladonia Tea Tree Prospect – southern drill section showing anomalous Bi and Cu in relation to the magnetic model plus additional planned drill-holes
