For the Wilandra Exploration Target, the potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Company confirms that it is not aware of any new information or data that materially affects the information included in this market announcement and that all material assumptions and technical parameters underpinning the estimates in this announcement continue to apply and have not materially changed.
Cu-rich sulphide mineralisation defined over 4.0km of semi-continuous strike to a depth of 500m from surface, with an average width of 5 – 6m.
A JORC Exploration Target of 15.6 – 21.2Mt @ 0.8 – 1.6%Cu for 170 – 250kt Cu has been estimated See Here
Airborne, surface and downhole electromagnetic geophysical surveys are highly suitable for identifying Cu-rich massive sulphide bodies within Wilandra Multiple EM conductors have been identified underneath, along strike and along adjacent lines to the outcropping mineralisation
Wilandra has high potential to host clusters of VMS and structurally remobilised Cu-Zn-Ag-Au rich sulphide mineralisation The combination of detailed lithological and structural mapping and geophysical surveys, combined with modelling the zonation evident in the geochemistry will prove the key to unlocking the potential in this Project
There are numerous mapped and interpreted large-scale structures with anomalous geochemistry within Wilandra that remain untested.