SIMON-ANDERSON

Copper Projects | Mt Isa, Queensland

(Australia, 80% SKM)

  • Low-cost exposure to the copper market
  • Located in a historic mining centre
  • Proximate to Austral Resources Ltd (ASX: AR1) McLeod Hill Resource (1.7 Mt @ 0.6% Cu), 5,000 t/day heap leach and processing facility
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SIMON PROJECT

  • Proximate to Austral Resources Ltd (ASX: AR1) McLeod Hill Resource (1.7 Mt @ 0.6% Cu1), 5,000 t/day heap leach and processing facility.
  • Historically underexplored considering its proximity to the McLeod Hill deposit, with no drilling conducted on the permit.
  • Geology is considered favourable for copper mineralisation, with the Paradise Creek Formation and Fiery Creek Volcanics, and the McNamara and Mt Jeannett Fault systems all within the licence area. 
 

The key areas of interest are:

North Block: mineralisation along the Mt Jeanette Fault Zone.
South Block: within the Fiery Creek Volcanics along the McNamara Fault Zone.

ANDERSON PROJECT

  • Stand-alone exploration licence covering a 15 km section of the prospective May Downs Fault approximately 30 km west southwest of Mt Isa.
  • Historic exploration focused on the Carters Ridge Copper Prospect in the southern area of the tenement which has had limited sampling or drilling conducted.
  • Multiple untested geophysical anomalies identified in the northern section of the tenement, warranting further exploration.
  • Permit is pegged along the track of possible mineralised segments of the May Downs Fault Zone cutting the permissive ferruginous and silicified dolomitic clastics (Gunpowder Creek Formation).
  • Recent field reconnaissance confirms favourable geology present at the AOI2 magnetic anomaly at the Anderson Project.
  • Magnetic modelling shows two shallow stacked lodes present, interpreted to reach within 170m of surface at the northern extent before plunging to the south.
  • Induced polarisation survey in planning, to better understand the potential size and orientation of any sub-surface ore body, designed to maximise the probability of drilling success.
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