SUMMARY
Expanded Copper Strategy
• As part of its copper strategy, the Company has expanded its focus to delineate high grade copper-gold opportunities in parallel with the existing focussed programs on the porphyry copper prospects.
High Grade Cu-Au-Ag Strategy
• High grade Cu-Au-Ag project located within the Greenvale Project.
• Historical small-scale mining between 1933-1957 over a strike length of 50m and to a maximum depth of 45m produced 12,800t @ 5 g/t Au, 17% Cu and 23 g/t Ag.
• Drill program being planned to test for mineralisation around the old workings and also a second lode that extends up to 2kms strike length.
Cockie Creek Porphyry Cu-Au-Mo Prospect
‘• Modelling of a maiden JORC (2012) Mineral Resource Estimate is nearing completion and on track for release to the market during calendar Q3 of 2025.
Steam Engine Gold Project
• Activities during the Quarter were primarily focussed on expediting the Steam Engine Gold Project regulatory and mining study pathways to achieve early gold production within two years.
• A Feasibility Study based on a toll treatment operation continued to progress during the reporting period.
• Native title and Aboriginal cultural heritage engagements were commenced.
• A mining lease application is being prepared and other statutory compliance processes have commenced.
• Steam Engine Mineral Resource being revised and updated.
• Advanced 3D modelling of SAM geophysical data indicated that highly anomalous features resembling previously unknown gold lodes, including a potential extension of the main Steam Engine Lode, are real features and are likely to be at shallow depth.
• Planning and access preparation work for a drilling program
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