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Hey Clark888An update on TAS Lake Torrens JV FMG. (Vulcan)FMG...

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Oaktree16

3,754 Posts.

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10/01/25

20:41

Post #: 77356576
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Originally posted by Clark888: ↑

"Over at TAS, drilling is planned to commence at Vulcan (IOCG prospect) at the very latest in December. TAS have a JV with FMG to drill at Vulcan (FMG will be paying for and managing this drilling). Vulcan is 30 kms north of Olympic Dam"

@MarkyBoy49

Vulcan (IOCG -U?) prospect is certainly of interest to me because of the MT ('magnetotellurics').

MT has gained further validation as a mineral exploration tool from the well-known, so-called, ‘Fingers of God’ conductivity pathways that point to the Olympic Dam IOCG-U deposit which hosts the world’s largest uranium and fourth largest copper deposit, and adjacent ‘fingers’ pointing to two other IOCG deposits, Wirrda Well and Vulcan (Heinson et al 2018).

https://www.tandfonline.com/doi/pdf/10.1080/22020586.2019.12073002

Figure 3 (page 4) from the Tasman ASX announcement dated 21 March 2018 shows the potential former mineralising fluid pathway to Vulcan:

View attachment 2589455

"Figure 3 is a profile of MT conductivity data from near Woomera 100km south of Olympic Dam to a location about 70 km north of Vulcan, supplied by the University of Adelaide.

Areas of higher conductivity are postulated to indicate zones of earlier mineralising fluid or melt pathways, which would have been critical in locating where a large IOCGU deposit would ultimately form.

It is extremely encouraging that the MT data clearly confirms Vulcan as a major regional site of mineralising activity, along with the postulated pathways associated with Olympic Dam.

Tasman believes that it is most likely that both Vulcan West and Vulcan itself share the same deep MT conductivity anomaly, and hence potential mineralising fluid pathways."

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.

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Hey Clark888

An update on TAS Lake Torrens JV FMG. (Vulcan)

FMG moving slowly through its exploration process methodically as is expected as TAS deposit will be under deep cover.
Below are FMG funded studies completed as part of JV

Full article: Magnetotelluric imaging of an iron-oxide copper gold (IOCG) deposit under thick cover (tandfonline.com)

Full article: Natural source-field induced polarisation exploration of an iron-oxide copper-gold (IOCG) deposit under thick cover (tandfonline.com)

Full article: Ambient noise tomography of an iron-oxide copper–gold (IOCG) deposit under thick cover (tandfonline.com)

Full article: Fuzzy c-mean (FCM) integration of geophysical data from an iron-oxide copper gold (IOCG) deposit under thick cover (tandfonline.com)

In situ apatite and carbonate Lu-Hf and molybdenite Re-Os geochronology for ore deposit research: Method validation and example application to Cu-Au mineralisation - ScienceDirect

FMG Resources Pty Ltd (FMG) was successful in securing Round 2 Accelerated Discovery
Initiative (ADI) funding for its proposed Integrated Exploration Under Deep Cover:
Geophysics, Geochronology, Geochemistry research collaboration project with the University
of Adelaide (UoA).

The research project was focused on the Vulcan Iron-Oxide Copper-Gold (IOCG) Prospect
located on EL 6416

Accelerated Discovery Initiative | Energy & Mining (energymining.sa.gov.au)

The Download document below for insight into FMGs conclusions

<SAMREF.SARIG1>WCI Record 5 of 5 (pir.sa.gov.au)

The latest update on TAS 100% owned Parkinson Dam EL6495 Link 77011689
IMO a substantial CU AU deposit just hope we have both

Any views or insights would be much appreciated.

Oak
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