Ann: Visible Copper Found at Jean Elson IOCG Project, page-34

Hi @WealthEmpire61 usually smart buyers take a position before a 'major discovery, JV ,permit'. Do you have a fundamental grasp and dislike of the tenements or just ICG in general?

1. Riqueza Project in Peru has recorded up to 4.94% Cu and 294g/t Ag at surface. It is 5km away from Anglo's Tier 1 deposit. When you have copper like this at surface it has to come from something much larger below. ICG have stated they will drill before the end of the year meaning permits must be close.

Why would ICG need to do a JV on this? They just raised $8M and retained 100% of it. It would be a huge shame if they did like AZY and farmed out 80% for US$95M early on. Look at CTM near Vale in Brazil which run from similar base to now $200M market cap.



2. NT projects. They have 3 projects covering 2,000 sqkm. The NT government has now classed the entire area as Tier 1 IOCG. They have just reported outcropping high grade copper there too.


It may take more than a day to wash through some loose stock from an $8M placement. I think you'll find this at 15c when they have drill rigs on Riqueza.

The 'major discovery, JV, permit' is yet to come.