The Osborne Project is successfully mining, processing and selling copper and gold concentrate, which provides immediate and ongoing cash flow.
Our Merlin Project is the premium undeveloped molybdenum and rhenium deposit in the world, offering optimum capital vs cash output with the highest grade resource quality. Value engineering and optimisation test work is complete and the project is ready for the next upturn in the molybdenum price.
The Mount Dore Cu-Au Project is being revisited to assess its potential as a copper heap leach project.
We are exploring in the Mt Isa Inlier area, which is one of the world's best geological belts, where we have multiple tenements covering ~4,000 km2 that are highly prospective for copper, gold, molybdenum, rhenium and uranium. This geological belt, is surrounded by a number of major projects, including the historic Mt Isa lead/zinc/silver mine (Glencore), the Ernest Henry copper/gold mine (Glencore), the Cannington lead/zinc/silver mine (South 32), and the Phosphate Hill phosphate mine (Incitec).
In terms of exploration, we have accumulated a substantial database of compiled, valuable information to target prospective areas, to which we can apply multiple geo-scientific techniques to improve exploration planning.