Beach,
Its called Ningaloo shear.
The known Camel Creek/Ningaloo Prospect, which hosts an array of gold-silver-copper quartz-iron veins (now confirmed as a genuine target), is located adjacent to the new Kestrel Target. The Camel Creek Target is located on a regional gravity high and with numerous tightly folded and sheared units located within and along a gravity ridge. A strong magnetic intensity high surrounds a demagnetised (or magnetic low) anomaly. The demagnetised zone may indicate hydrothermal alteration of magnetite to haematite and can potentially indicate an IOCG system (Figure 2b).
Ann: Investor Presentation with Dial in details for Webcast Call, page-73
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