This is dated, but FMG are on to something I reckon?
https://*********.com.au/fortescue-copper-olympic-dam-strategic-energy-tasman-resources-farm-in/Tasman’s Vulcan exploration licenceMeanwhile, Fortescue has also executed an agreement to earn into Tasman’s Vulcan exploration licence which is only 30km from BHP’s Olympic Dam operation.
Under the initial terms, Fortescue can secure a 51% interest in the licence by spending $4 million on exploration over three years.
Fortescue can then elect to boost its ownership to 80% be spending a further $7 million on exploration over five years.
According to Tasman, it has been exploring the region for several years and has achieved “
encouraging results”
at the Vulcan prospect where 17 holes have been drilled to-date.
Notable results at Vulcan were 56.7m at 0.59% copper, 0.17g/t gold, with small amounts of uranium and silver also present.
The intersection includes a higher grade 7.8m interval with 1.21% copper and 0.35g/t gold.
Another highlight intersection at Vulcan was 21m at 1.69% copper and 1.05g/t gold.
