“The remaining untested intrusive complexes of the Macquarie Arc porphyry geology are a globally significant exploration opportunity, particularly within the dynamics of the current copper market, global geopolitics and increasing ESG considerations,” he says.
“Regional magnetics has proven very effective in mapping the volcanic belts of the Arc and the major deposits have identifiable intrusive complex signatures, they are very large systems.
“This is evidenced in the southern and more mature sections of the Arc that already hosts over 160Moz gold equivalent endowment. The magnetics supports the northern extension potentially hosting the largest volcano-intrusive complex of the whole Macquarie Arc.
“Our view, supported by increasing investment by the various majors, is this offers new district potential and to host a cluster of deposits and large, Cadia-scale, discoveries.
“There are not many other regions like this around the globe, particularly in a proven Tier-1 jurisdiction and with the level of existing infrastructure that is already in place.”
https://mining.com.au/kincora-copper-the-rise-of-the-lachlan-fold-belt-as-majors-funds-seek-copper/
Majors interested in the area
(20min delay)