Ironstone Well-Barwidgee Project

Overview

  • Located along the western flank of the Tier 1 Yandal Greenstone Belt
  • Strategically positioned 30km from Jundee and 38km from Wiluna with nearby haulage infrastructure
  • Includes important regional structures and numerous subordinate structures with demonstrated gold potential
  • Flushing Meadows has MRE of 268koz
  • Less than 2% outcrop
  • Deep weathering (>100m in places)
  • Less than 6% of historic holes >100m
  • Much of the tenure has yet to be effectively explored!

Targeting Strategy

  • Focus on prospects with large scale potential i.e. a discovery will “move the dial”
  • Define areas where past exploration has been ineffective (shallow AC/RAB “pattern drilling”)
  • Identify key structures (first order and subordinate)
  • Locate areas favourable for gold deposition:
    • Potential for brittle-ductile deformation
    • Iron rich lithologies
    • Competency contrasts
    • Flexures and cross-structures
  • Prioritise targets and drill test
IWB Overview

Ironstone Well and Barwidgee Tenement Map with Key Prospects

Ironstone Well Gold Camp

The Ironstone Well Gold Camp (IWGC”) comprises a group of high priority advanced  prospects within a 5km radius which together have large scale potential.

IWGC Initial Exploration Target:*

  • 7.9 to 23.0Mt, grading between 1.3 to 1.6 g/t Au, for 0.32Moz to 1.17Moz
  • Exploration Target does not include the current Inferred Resource at Flushing Meadows of 268,000oz @ 1.1g/t Au
  • Three high potential target areas currently being assessed; Oblique, Quarter Moon and Flushing Meadows

*The potential quantity and grade of the exploration target is conceptual in nature and, therefore, is an approximation. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to ASX Announcement of 25/10/2023 for details.

Oblique

  • > 1.9km long system along the Barwidgee Shear
  • Intercepts include:
  • 8m @ 2.7g/t Au from 86m (CYPFRC15)
  • 6m @ 3.0g/t Au from 35m (CYPIWR294)
  • Open down-dip and along strike and parallel lode positions

Quarter Moon

  • > 1.5km long system along Moilers Fault
  • Intercepts include:
  • 3m @ 11.0g/t Au from 80m (CYPFRC6)
  • 6m @ 3.4g/t Au from 142m (GCMQTMC6)
  • 12m @ 2.0g/t Au from 5m (YRLRC479)
  • Open down-dip and along strike

Flushing Meadows

  • Inferred Resource 268,000oz @ 1.1g/t Au
    Further potential down dip, along strike and in parallel lode positions.
Ironstone

 Location of the Ironstone Well “Camp” showing location of Oblique, Quarter Moon and Flushing Meadows

New England Granite

Potential to define a large scale “granite-margin” type deposit

  • 4.4 x 2km km long granitic intrusion with strongly anomlous gold along eastern margin
  • Similar setting to other gold deposits in Yilgarn Block (e.g. King of the Hills, Ramone, Montague)
  • Historic gold workings and gold-in drilling along margins and internally1
  • 6m @ 0.8 g/t Au from 56m (NEWBEMC0040)
  • 13m @ 0.7g/t Au from 32m, including 5m @ 1.6 g/t Au from 38m, 3m @ 2.0g/t Au from 62m and 29m @ 0.4g/t Au from 160m (EOH) (NEWBEMC0041)
  • 24m @ 0.8 g/t Au from 36m (NEWBEMA1321)

New England Granite Exploration Target

  • 5.0 to 15.6Mt, grading between 0.75 to 1.2 g/t Au, for 0.12Moz to 0.60Moz

*The potential quantity and grade of the exploration target is conceptual in nature and, therefore, is an approximation. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to ASX Announcement of 25/10/2023 for details.

 

Barwidgee Drilling GT 50m

 New England Granite Prospect showing prospective margin with historic drilling

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