Exploration Projects

In addition to the major projects at White Range, Gilded Rose, Mt Norma and Flamingo, QMC also has numerous exploration prospects throughout its extensive land holding in the Cloncurry district. Further exploration on some of these advanced targets could lead to the definition of additional resources in the White Range area, which can potentially enhance the overall economics of the project.

Exploration prospects location

Regional geology of the White Range Project and Marimo Basin showing the target horizons for copper and gold exploration:

Copper Canyon:

  • 8 Km north of Greenmount;
  • Historical drilling including 44m at 1.9% Copper and 0.9g/t Gold; and
  • 500+ metre long Copper geochemical anomaly.

Chopper Ridge:

  • 2km NW of Greenmount;
  • Historical drilling up to 7m at 1.6g/t Gold; and
  • Anomalous Copper in soil over 3.5km long zone.

Black Fort:

  • 12km SW of Greenmount;
  • Previous QMC drilling results up to 17m at 1.5% Copper; and
  • 1 km long structural zone with anomalous surface copper.

Toby Barty:

  • 12 km NW of Greenmount;
  • Previous QMC drilling results up to 21m at 2.8% Copper; and
  • Strike potential yet to be tested.

 

Resources and Reserves

White Range ROM Copper Grade Gold Grade Cobalt Grade
Mt % Cu g/t Au % Co
Greenmount Measured 1.2 1.26% 0.46 0.07%
Indicated 7.7 0.75% 0.30 0.06%
Inferred 3.8 0.57% 0.20 0.04%
Total Resource 12.7 0.74% 0.29 0.05%
Kuridala Measured 1.9 1.08% 0.18 0.02%
Indicated 2.3 1.02% 0.27 0.03%
Inferred 1.2 0.91% 0.24 0.03%
Total Resource 5.5 1.02% 0.23 0.02%
Young Australian Measured  –
Indicated 2.2 0.93%  –
Inferred 2.9 0.68%  –
Total Resource 5.1 0.79%
Mt McCabe Measured 1.0 1.21% 0.04%
Indicated 0.6 1.10% 0.03%
Inferred 1.0 0.90% 0.01%
Total Resource 2.6 1.07% 0.03%
Vulcan Measured
Indicated 1.1 0.70% 0.01%
Inferred 0.4 0.60% 0.03%
Total Resource 1.5 0.67% 0.02%
Desolation* Measured  –  –
Indicated 0.8 0.80% 0.30 0.06%
Inferred 1.1 0.60% 0.20 0.04%
Total Resource 1.9 0.68% 0.24 0.05%
Total   29.3 0.82% 0.18 0.03%
* Desolation is the only deposit that has not been upgraded to JORC 2012 code compliance, although it remains JORC 2004 code compliant