The Hailstorm Prospect is shaping up to be a highly promising...

The Hailstorm Prospect is shaping up to be a highly promising area within the Storm Copper Project. With its high-grade copper mineralization, sizable copper anomaly, and geological similarities to existing successful deposits (Chinook at 2.2 Mt @ 1.5%Cu & Corona at 1.6 Mt @0.89%Cu), Hailstorm & its associated fault system has the potential to significantly add to the resource base (possibly another 2 Mt @ 1.2%Cu) translating to an incredible potential value uplift of AUD 250 million. Not bad work!!!!!

This latest discovery further emphasizes the untapped potential of the Storm Copper Project, and with more exploration on the horizon, the upside is only just beginning!



ASX announcement extract about Hailstorm, 25th Nov 2024

HAILSTORM

Reconnaissance mapping and rock sampling in the southern graben area of Storm has discovered a new zone of copper gossans proximal to a large interpreted fault. Follow-up soil sampling identified a 250m x 250m copper anomaly spread along the strike of the fault suggesting some structural control to the mineralisation (Figure 4).





Massive chalcocite boulders sampled from the copper gossans returned grades up to 50% Cu (Figure 1 - 50% is the upper detection limit of the assay method used).



Massive copper sulphides are commonly associated with large structures in the southern graben area, an identical geological setting to the known copper deposits. This new area has been named ‘Hailstorm.’ Follow-up exploration at the Hailstorm Prospect will include RC drilling.


Reference: Corporate Presentation - November