Borroloola West Joint Venture (Copper/Zinc/Lead/Cobalt/Silver):
Pending: Lorella Prospect (Oxide and Primary Copper/Cobalt) • Subsequent to the quarter end, drilling commenced at Lorella to test strike extensions of previously intersected oxide copper mineralisation and for indications of significant down-dip primary sulphide mineralisation. • RC and diamond drilling planned to follow-up to establish Inferred Resources of oxide copper.
Limestone Creek;
100% Pacifico owned (Zinc/Lead) • High priority drill targets already defined. • RC drilling to commence following granting of the licence. • ELA 31354 expected to be granted in the next quarter.
Status: Strategic Licence Granted (TICK)
Pending: Northern Territory Geophysics and Drilling Collaboration Application which would fund 50% of direct drilling costs.
South Australian ELA’s 100% Pacifico owned (Cobalt/Copper/Manganese):
Pending: Extensive review completed in search of exploration ground prospective for hosting economic concentrations of cobalt-bearing minerals. • Two exploration licence
MEXICO Violin Project (Gold/Copper):
Pending: Option to purchase 100% interest in the Violin Gold-Copper Project in the Guerrero Gold Belt secured. • Major intrusive-skarn related mineralisation indicated by extensive, strong gold and copper soil anomalies, and coincident magnetic highs. • Exploration work underway, drill targets to be confirmed, drilling to follow as soon as practical to advance towards establishing resources.
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