Greenvale explorer targets Sconi-style deposit
Ausmon said the initial exploration would comprise field inspections of exploration targets generated from a review of historical work on the tenements.
The company will use its pXRF instrument across the targets in addition to collecting geological observations.
“Another key aspect of this field program will be to meet all landholders and to explain our exploration methodology and discuss exploration work in general,” director/secretary Eric Sam Yue said.
Ausmon holds three cobalt-nickel exploration areas covering 276sq km near Greenvale.
It describes the tenements as strategically located 20-50km from Australian Mines’ advanced Sconi project.
The State Government has declared the $1.4 billion Sconi battery metalsproject a prescribed project, helping to streamline approvals and fast-track the development.
The project is expected to produce 1,405,000 tonnes of nickel sulphate, 209,000 tonnes of cobalt sulphate and 1441 tonnes of scandium over a 30-year project life.
Ausmon says that being near a project like Sconi will be helpful for future development should its exploration efforts prove successful.
Initial field work would target Sconi-style cobalt mineralisation, chromite and nickel as well as Balcooma trend base metals mineralisation and vein-hosted gold, the company said.
Superior Resources has kicked off a 2500m reverse circulation and diamond core resource drilling program at its Steam Engine project in North Queensla...
The proposed raising of the Burdekin Falls Dam wall in North Queensland has been declared a coordinated project.Upgrading the dam would be a key step...