The Company is currently exploring within Australia and Peru and holds in excess of 6,000 km² of exploration title (granted tenements and tenement applications).
The Company has a Strategic Alliance Agreement with South32 (SAA) that has been active for the last five years, with South32 providing funds to advance selected early stage prospects to the drilling stage with follow-up drilling under agreed joint venture terms. During 2022 the Company received approximately A$7.0M 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 and Parcoy projects in southern Peru and recent drilling at the Balladonia Project in WA has confirmed potential for base metal mineralisation in each of these areas.
The Mt Davis Project is located ~180km NNE of Wiluna, Western Australia, along the northern margin of the Earaheedy Basin. It consists of two Exploration Licences and covers an area of ~750km². The project was acquired following the discovery of extensive zinc and copper mineralisation by Rumble Resources at its Chinook Prospect, located on the southern side of the Basin.
The Moora Project is located ~150km north of Perth, Western Australia, and became the focus of industry attention following the discovery by Chalice Mining of the Julimar nickel-copper-PGE deposit north of Perth, which highlighted the untested nickel-copper-PGE potential of this region.
The company is currently exploring within Australia & Peru and holds in excess of 6,000 km² of exploration title (granted tenements and tenement applications).
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