Mr Owler said the company was determined to go big with its exploration program, referencing the Olympic Dam drilling program in the 1970s which didn’t have significant success until the 10th drill hole and hit the payload on the 16th hole.
“What we want to do is not only to discover a huge deposit for ourselves but also to fill in the blank in (Mineral Resources and Energy Minister Tom Koutsantonis’s) vision for copper production in SA.’’
Mr Owler sees the Torrens project as potentially filling in part of the missing piece in South Australia’s geological map.
It’s accepted wisdom that mineral deposits tend to exist in a continuum — where one large deposit exists, there should be more.
But the size of the Olympic Dam ore body dwarfs by a phenomenal margin the size of other copper and gold mines such as Prominent Hill and the Carrapateena mine now being built.
DYOR
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