Joint Venture'sThe company is also planning to undertake another...

Joint Venture's


The company is also planning to undertake another potential joint venture (JV) in conjunction with its current JV alongside Swiss multinational and globally diversified mining giant Glencore (LON:GLEN), he says.

“We are talking to 3 Australian-based companies in particular on JV opportunities that are not necessarily just in and around or processing facility…we’ve already got a joint venture with Glencore and that is in relation to the JV we did about 6 months ago, which was about $6.3 million expenditure with Glencore over the next 4 years on a small portion of our tenement package.”

No plans on slowing down in 2023

In addition, in line with the company’s plan to extend mine life and exploration, Jauncey notes it will commence an ‘extensive’ drilling campaign across 20 prospects held within its exploration portfolio.

It is reported that its Busy Bee target in particular currently has exposed copper anomalies that boast copper (Cu) grades up to up to 16%.

“We’ve really split it [drilling] into two parts, oxides and sulphides, and we’re really getting after the ones that are closest to our processing facility. We have 120 in total that we already know of and we have witted that down what will likely give us potential both from our oxide and sulphide.
“THE 20 IN QUESTION ARE ALL RELATIVELY CLOSE TO OUR PROCESS FACILITY, AND ONE OF THE TARGETS WE ARE CHASING IS BUSY BEE, AND IT’S EXPOSED COPPER ANOMALIES UP TO 16% CU.”