Interesting to see that a subsidiary of OZ Minerals has now come into the picture in Carnaby's recent Placement. Cooper is using the exploration strategy that they used to discover the recent Nil Desperandum and Lady Fanny prospects.
The world is screaming for Tier1 copper deposits and here we are as a relatively new listing with minimal baggage applying a simple idea – usiltise modern exploration techniques in a known 'Tier1' mineralised terrains that have had very limited previous drill testing.
There's usually a good reason for geochemistry to match old historical workings but if it can also be backed up with FLEM we could have a situation occurring that is very similar to Carnaby's.
This regional map, compliments of Carnaby, shows approximately where we are relative to their potential IOCG discoveries. Note: My red dots are the approximate locations for FLEM surveying.
All IMO, DYOR, GLTAH
CPM Price at posting:
28.5¢ Sentiment: None Disclosure: Held
