Cockie Creek

Cockie Creek’s recent developments have extended the known mineralisation well beyond the initial 1.2-kilometer outcrop strike length, with diamond drilling uncovering extensive high-grade copper, gold, and molybdenum across several zones. Two large, intense IP chargeability targets at depth beneath the defined structurally controlled mineralisation corridor remain to be further investigated. 

Recent Drilling Highlights

• The 2023 maiden drilling program, the first in over three decades specifically targeting a porphyry system, was completed in December 2023, marking a significant exploration milestone at Cockie Creek.
• Results from the new CCDD holes (001 to 007) have expanded the understanding of the mineralised zone, confirming:
  • The presence of a porphyry Cu-Au-Mo system, likely of Ordovician age, akin to the Macquarie Arc deposits in New South Wales.
  • Expansion of the known Cu mineralisation over a greater area than previously documented.
  • Significant porphyry deposit with significant intersections, such as 320m @ 0.21% Cu, 0.05g/t Au and 31ppm Mo from 176m in CCDD007, and extensive mineralisation in subsequent holes, showcasing a rapidly expanding zone with depth and along strike​.

Mineral Resource Estimate

• The historical Inferred Mineral Resource stands at 13MT @ 0.42% Cu (0.25% Cu cut-off grade) according to the JORC 2004 guidelines, based on a 1.2-kilometer strike length and a maximum depth of 250 metres.
• This estimate is supported by the recent drilling findings, indicating a large porphyry Cu-Au-Mo mineralisation system beneath the near-surface mineralisation, with the potential to significantly extend the mineralised zone.