Mount Isa Project Summary
- Eight granted exploration permits covering 326km2 of highly prospective copper mineralisation along the west side of the Mount Isa fault.
- 13 walk up drill ready targets identified – 3 targets drilled in 2022 with further drilling to take place straight after the IPO.
- Exploration fast tracked by extensive geological database from years of historical exploration with limited drilling.
- Mineral systems approach combined with modern exploration techniques highlight the prospectivity of the tenements.
- Numerous metals and mineral occurrences within the prospective EPM’s which come with a uranium mineral resource estimate.
- Regulatory, landholder and cultural approvals in place, drill and exploration ready
Mount Isa Ore Body & West Isa’s Relationship
- The Mount Isa Minerals tenements sit directly adjacent to Glencores “Mount Isa Mines” – The closest tenement (27013) sits 500m away from their rom pad. Mount Isa Mines is the second largest copper producer in Australia.
- The Mount Isa Ore body has been producing for over 90 years and is believed to have held 300Mt @ ~3% Cu and 395 Mt zinc-lead-silver at ~6.9% zinc, ~3.6% lead, and ~69 g/t silver.
- The mine sequence is one kilometer thick and hosts 20 distinct clusters of lead-zinc mineralization. The sediments dip at 65° into the earth from surface.
- The copper mineralization is thought to have occurred 100 million years after the lead-zinc mineralization. Copper is hosted in siliceous-dolomitic-vein complex that has a chalcopyritepyhrrotite-pyrite metallogeny and occurs much deeper than the lead and zinc.
- The Eastern Creek Volcanics are often cited as the source of copper whereby oxidised potassium-rich fluid leached copper from the epidote-altered metabasalts and deposited it over the Urquhart shale, forming the Mount Isa copper deposit.
- The Mount Isa Minerals Project hosts many outcropping copper mineralisation occurrences, suggestive of large-scale migration of copper-bearing fluids through the rock mass. The copper occurrences are in a range of host rock types, most notably on intrusive pegmatite contacts and within vein stockworks in dolerite.
- Mount Isa Minerals is searching for metal trap sites where other mineralising deposit events might have taken place on the western side of the Isa Fault. The Mt Isa Copper orebody is implicitly a manifestation of the same mineral system, albeit with a very different geological character.