29
Cu
Copper
28
Ni
Nickel
79
Au
Gold
FRASER CROSS SOUTH PROJECT
Western Australia
Tier 1 Copper Nickel Gold IOCG Discovery Potential
Ownership
100%
Opportunity
Fraser Cross South is located in one of the hottest exploration regions in Australia with numerous large magnetic anomalies with the potential to host world class IOCG mineral deposits of the scale of deposits such as Prominent Hill.
Tec Minerals is uniquely placed to explore these target anomalies for copper, nickel and gold utilising MFT at low cost targeting a Prominent Hill type deposit. This offers the potential for huge returns for shareholders in the near term.
Tec Minerals is uniquely placed to explore these target anomalies for copper, nickel and gold utilising MFT at low cost targeting a Prominent Hill type deposit. This offers the potential for huge returns for shareholders in the near term.
Project
Tec Minerals’ Fraser Cross South project encompasses one granted exploration licence covering 294 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 South location map
Tec Minerals has delineated numerous targets at Fraser Cross South including a high potential geophysically defined target magnetic anomaly in the south of the tenement area.
The large priority target magnetic anomaly at Fraser Cross South has a surface expression of approximately 2.5 kilometres by 0.3 kilometres (0.7 km2 ), which is equivalent in magnetic footprint to the Prominent Hill deposit (150 million tonnes at 0.9% Cu and 0.7 grams/tonne Au).
The large priority target magnetic anomaly at Fraser Cross South has a surface expression of approximately 2.5 kilometres by 0.3 kilometres (0.7 km2 ), which is equivalent in magnetic footprint to the Prominent Hill deposit (150 million tonnes at 0.9% Cu and 0.7 grams/tonne Au).
Exploration
Tec Minerals is targeting this binate geophysical anomaly on the edge of an unusually elevated magnetic domain that abuts the eastern edge of the Fraser Range in the Eastern Nornalup area of the Albany-Fraser Orogen.
Tec Minerals interprets the general NW-trending margin as a major crustal boundary with characteristics indicative of other IOCG deposits such as those in the Gawler Craton (e.g. Olympic Dam).
Tec Minerals plans to utilise its exclusive rights to MFT to quickly and cheaply assess the target magnetic anomaly at Fraser Cross South for copper, nickel and gold using a rapid phase 1 MFT survey.
Tec Minerals interprets the general NW-trending margin as a major crustal boundary with characteristics indicative of other IOCG deposits such as those in the Gawler Craton (e.g. Olympic Dam).
Tec Minerals plans to utilise its exclusive rights to MFT to quickly and cheaply assess the target magnetic anomaly at Fraser Cross South for copper, nickel and gold using a rapid phase 1 MFT survey.
Figure 2 Fraser Cross South target magnetic anomaly and target MFT survey area
The preliminary MFT work program will identify if this target anomaly contains copper, nickel and gold under cover (one of the key benefits of the MFT exploration approach) at low cost. This initial MFT survey will only take 4 weeks at a cost of US$100,000.
If this MFT program identifies mineralisation at Fraser Cross South, Tec Minerals plans to undertake a more comprehensive 3 phase MFT program over the anomaly to identify immediate high probability drill targets for follow up drill testing and resource definition.
This programme of work is expected to be complete within 4 months of commencement and deliver potentially massive value creation for Tec Minerals shareholders unparalleled in the global mineral exploration industry.
If this MFT program identifies mineralisation at Fraser Cross South, Tec Minerals plans to undertake a more comprehensive 3 phase MFT program over the anomaly to identify immediate high probability drill targets for follow up drill testing and resource definition.
This programme of work is expected to be complete within 4 months of commencement and deliver potentially massive value creation for Tec Minerals shareholders unparalleled in the global mineral exploration industry.