Ann: Acquisition of strategic tenements near Eloise Cu-Au Mine, page-2

This is a bargain pickup for Cooper considering tenement EPM 28905 hosts well known Vandium, Molybdenum with silver and zinc mineralisation in the outcropping Cretacous Toolebuc formation. This tenement is in the Vanadium Country around Julia Creek.

I know the area very well, especially for the Vanadium and Moly mineralisation. There has been quite a bit of historic drilling done on that tenement by BHP, Toolebuc Resources, Exco and Paradigm Resources among others.

I have masses of historic data sets covering the area and will share some of it here. The Vanadium/Moly is comparable to the Richmond Vanadium julia creek digs. Do a web search on title it " Vanadium Julia Creek" and you will see how significant a pick up this could be. It's very hard to find any Vanadium ground throughout Australia.

BHP drilled the Lognford Project for IOCG systems and they drilled that arc mag anomaly in the 30+ years ago, and it was positive for Cu, however the price of copper was considerably less than now. They were chasing another Ernest Henry deposit back then.There is a lot of data out there. Needs a modern Geophysical and exploration approach to locate a potential massive orebody. The data points to it, from my interps of the old data sets.

I am surprised Copper landed the granted ground in view of the details of the deal. Very lucky they got it, I know the seller.

The good news is the Application tenement would come under the QLS mines dept new incentives for hunters of Critical Minerals, Vandium being one of them. The incentive allows for a 5 year rent free term providing work is done on the ground after grant. Cheap as chips exploration considering the data available.

Good work Ian Warland! In the meantime, more drilling soon, with some Lab assays soon, I expect some exciting results from the geological drilling completed recently.

Cheers
HR

No advice given or intended, DYOR.