SOUTH32-FUNDED EXPLORATION CONTINUES AT RIQUEZA WITH GROUND GEOPHYSICAL TARGETS
GENERATED; INCA ALLOCATED MAJORITY OF ITS FREWENA REGIONAL PROJECT AREA AMIDST IOCG
PEGGING RUSH IN THE NORTHERN TERRITORY
“Despite the broad effects of the coronavirus pandemic, work at Riqueza continued
this quarter with excellent results from the Induced Polarisation survey, producing
yet another layer of quality targets; whilst Inca’s Tier-1 IOCG aspirations for the
Northern Territory are boosted with tenements comprising the Frewena Regional
Project being allocated.” Inca’s Managing Director Mr Ross Brown
In Peru…
• South32-funded exploration continues this quarter at flagship Riqueza Project:
o A 49.9 line-kilometre Induced Polarisation (IP) survey was completed.
o Interim interpretations were completed (as a material post-Quarter event).
In Australia…
• Inca’s Iron Ore Copper Gold (IOCG)-porphyry portfolio strengthens:
o The NT Government awards the majority of the area Inca sought in Exploration Licence applications
at its Frewena Regional Project
o Field work provides “proof of concept” for possible IOCG related mineralisation at the Frewena Far
East Project.
o Inca explains its IOCG Exploration Model for the Frewena Regional Project.
o Company drops Toolebuc, a vanadium focused project in Queensland given its very early status and
Inca’s focus on Tier 1 type IOCG and porphyry targets.
ICG Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
