29
Cu
Copper
28
Ni
Nickel
79
Au
Gold
Fraser Cross North Project
Western Australia
Tier 1 Copper Nickel Gold Discovery Potential
Ownership
100%
Opportunity
Fraser Cross North hosts numerous IOCG targets within a north west trending margin of a major crustal boundary in the Fraser Range, one of the hottest exploration regions in Australia. Utilising
MFT, Tec Minerals can rapidly and cost effectively undertake assessment of these anomalies for copper, nickel and gold targeting a major IOCG deposit such as Olympic Dam and deliver the highest return on exploration capital expenditure for shareholders.
MFT, Tec Minerals can rapidly and cost effectively undertake assessment of these anomalies for copper, nickel and gold targeting a major IOCG deposit such as Olympic Dam and deliver the highest return on exploration capital expenditure for shareholders.
Project
Tec Minerals’ Fraser Cross North project encompasses one granted exploration licence covering 169 km2 in the highly prospective Fraser Range region of Western Australia.
The project is contiguous with BHP Limited’s (ASX: BHP) Seahorse project that is currently under intensive exploration, including extensive drilling.
The project is contiguous with BHP Limited’s (ASX: BHP) Seahorse project that is currently under intensive exploration, including extensive drilling.
Figure 1 Fraser Cross North location map
Tec Minerals has delineated numerous targets at Fraser Cross North including several IOCG targets within the northeastern arm of a north west-south east trending zone defined by high magnetics and high gravity.
The tenement covers the key tectonic terrane margin with multiple magnetic and gravity highs.
Tec Minerals plans to utilise MFT to rapidly undertake a tenement scale satellite spectroscopy across the various target anomalies at Fraser Cross North to identify copper, nickel and gold.
The tenement covers the key tectonic terrane margin with multiple magnetic and gravity highs.
Tec Minerals plans to utilise MFT to rapidly undertake a tenement scale satellite spectroscopy across the various target anomalies at Fraser Cross North to identify copper, nickel and gold.
Exploration
Tec Minerals interprets the general north west trending margin on the Fraser Cross North tenement as a major crustal boundary with characteristics indicative of other IOCG deposits such as those found in the Gawler Craton in South Australia (e.g. Olympic Dam).
Figure 2 Fraser Cross North magnetic anomalies north of Fraser Cross South
The MFT tenement scale satellite spectroscopy program will identify any such anomalies containing copper, nickel and gold under cover within 2 months of commencement of work.
The capacity of an MFT satellite spectroscopy program to identify mineralisation will then expedite the delineation of economic mineralisation at Fraser Cross North with follow up MFT phase 2 and phase 3 work programs defining resource parameters prior to any drill testing.
This programme of work is expected to be complete within 12 months of commencement and deliver potentially massive value creation for Tec Minerals shareholders in one of the hottest new
exploration terrains in Australia.
The capacity of an MFT satellite spectroscopy program to identify mineralisation will then expedite the delineation of economic mineralisation at Fraser Cross North with follow up MFT phase 2 and phase 3 work programs defining resource parameters prior to any drill testing.
This programme of work is expected to be complete within 12 months of commencement and deliver potentially massive value creation for Tec Minerals shareholders in one of the hottest new
exploration terrains in Australia.