FINALISED: 22-08-14 PUBLISHED: 22-08-14
Drilling Results in Days: Billionaire Backer Hunting Mammoth IOCG Deposits with Tiny Explorer
These four letters stand for Iron-Oxide-Copper-Gold and add up to create some of the biggest mineral resources of precious metals on the planet. Nestled in the Gawler Craton in South Australia sits the prefect breeding ground for these enormous resources, which can hold vast quantities of gold, copper, silver and uranium.
Notable recent discoveries are:
Olympic Dam’s expansion in 1997/98 – BHP’s mine is so big it could go pumping out minerals for another 200 years;
Prominent Hill in 2000/01 – at full capacity this will pump out 100,000 tonnes of copper and over 100,000 oz of gold a year;
Carrapateena in 2005/06 – the ground on this deposit sold for $300M to Oz Minerals. Now it’s valued by Oz at over $1 billion.
The combined total of these discoveries alone amounts to over $420 Billion of copper. This doesn’t count the hundreds of billions of dollars that Olympic Dam is already worth.
Owing to the fertile IOCG breeding ground of South Australia, this region may host more mammoth deposits – but to find them you need high tech exploration artillery – as they are likely hidden deep under cover…
We have recently invested in a tiny $12M exploration company that is on a mission to uncover Australia’s next monster IOCG deposit using high tech exploration tools.
This emerging company is not operating alone – it’s aided by one man with a very deep back pocket: Robert Friedland. Robert Friedland, a $1.1BN net worth mining entrepreneur, has rewritten the rule book on how to explore for minerals and make buckets of money doing it.
Friedland’s big scalp discoveries include Voisey’s Bay Nickel in Canada – he sold this for $3.1BN in 1996, and the Oyou Tolgoi Copper Gold Project in Mongolia – which is currently worth $8BN.
Friedland indirectly controls High Power Exploration – who after an extensive due diligence and screening of over 1,000 projects worldwide has chosen to partner with our latest investment.
Having Friedland in this company’s corner is a sign that a man who has been ahead of so many curves is seeing what others can’t see.
We are now on the brink of this company’s drilling results – we expect these to land in just days…
Is this company one step closer to uncovering Australia’s next mammoth IOCG deposit?
E.
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