▪ First high-resolution (30m flight height) drone-acquired magnetic survey completed over NMR’s 100% owned E69/3850 tenement
▪ Magnetic survey has confirmed the presence of a significant magnetic anomaly – 1200m long and 400m wide - with a relative peak of over 760nT
▪ New anomaly is an Iron-Oxide Copper Gold (IOCG) target located immediately above a low resistivity zone evident in magnetotelluric (MT) geophysics
▪ The new target area displays similarities to the Olympic Dam IOCG deposit being located above a low seismic zone, a lithosphere-scale structure identified in seismic reflection data and the low resistivity zone identified in MT data mentioned above
▪ NMR has elevated the prospectivity of the target based on these recent results – planning for upcoming drill program is advancing
▪ Second magnetic survey to commence shortly over tenement E69/3852
NMR Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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