Early days, however the discovery of pyrite and pyrrhotite at Satrokala, alongside significant magnetite at Bekisopa, does open the potential for IOCG (Iron Oxide Copper Gold) deposit.
IOCG deposits typically contain a mixture of iron oxides (like magnetite and hematite) and sulfide minerals (including pyrite and pyrrhotite), along with copper and sometimes gold. The presence of pyrite and pyrrhotite, which are less magnetic iron sulfides, could indeed indicate a complex mineralogical environment typical of IOCG systems.
The presence of lower-than-expected magnetic susceptibility in areas with apparent mineralization could suggest that the mineralization includes sulfide minerals, which do not have strong magnetic properties, alongside magnetite. This mix is typical of IOCG deposits, where both iron oxides and sulfides are present.
That would be a game changer for AKO. Fortunately we haven't locked in an investment partner yet.
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