Encompassing Exploration Licences EL6619, EL6620 and EL6627, the Mabel Creek Project covers a contiguous area of 1,048km2 in the Gawler Craton of South Australia, and is located 130km to the north-west of the Prominent Hill Mine operated by BHP Group (ASX:BHP) and 40km west of Coober Pedy.
Surrounding tenure is held by mining majors including BHP, Rio Tinto and FMG.
The Mabel Creek Project area contains prospective lithologies and a number of significant structures thought to be associated with Olympic Dam-style iron oxide-copper-gold (IOCG) mineralisation and Gawler Craton-style gold mineralisation.
A Native Title Land Access agreement is in place and ground-based exploration (geophysics and drilling) is underway to generate initial drill targets.
Latest updates on the Company’s exploration programs are available from our ASX Announcements.
Figure 1: Mabel Creek location plan highlighting prospect locations along the Gawler Craton IOCG belt.