EL11/2025 and EL6/2024 are located within the Mt Read Volcanics, directly along strike from the Tier 1 Mt Lyell Copper Gold Mine.
Mt Read Volcanics are host to globally significant precious and base metals deposits including Mt Lyell (Cu-Au-Ag), Rosebery (Cu-Pb-Zn-Ag-Au), Henty (Au) and Hellyer (Au-Zn-Pb-Ag-Cu).
The project is close to the established mining centres of Queenstown and Zeehan, with good infrastructure and access to contractors, labour and consumables.
Mt Lyell is a world-class Cu-Au district with a pre-mining endowment estimated at 312Mt at 1.0% Cu & 0.3 g/t Au, which includes an existing Mineral Resource of 140Mt @ 0.84% Cu & 0.21 g/t Au.“Refer to New Century Resources ASX announcement 23/01/2023 – Mt Lyell Prefeasibility Study”.The Mt Lyell orebodies are hosted within the Mt Read Volcanics and controlled by the Great Lyell Fault. Sedgwick Bluff contains the same Mt Read Volcanic sequence with 4km of un-explored strike length of the Great Lyell Fault.
