North-West Queensland copper producer Austral Resources Australia has reported a high-grade copper strike in the first drillhole at the Snow Queen prospect, 60km west of its Rocklands processing plant.
The results included 4m at 15.98 per cent copper (from 38m), including 4m at 15.98 per cent. Final assay results are still pending, including for gold and silver
The company said Snow Queen represented just one of 35 highly encouraging historical copper workings it aimed to drill test over the coming 12 – 18 months.
“This result is a clear demonstration of Austral’s ability to generate and drill high-quality copper targets within our tenure,” Austral Resources Australia (ASX: AR1) chief operating officer Shane O’Connell said.
“Snow Queen sits within a broader portfolio of satellite opportunities that underpin our strategy of
building regional scale around the Rocklands processing facility.
“As an established copper producer, Austral is focused not only on discovery but on converting these opportunities into mineable inventory that can be efficiently integrated into our existing production and processing infrastructure.
“This producer mindset ensures that exploration success is aligned with practical development pathways and near-term value realisation.
“We see significant value in systematically testing these targets, with the aim of identifying additional sources of copper mineralisation that could complement and sustain our current operations.”
This article first appeared in Industry Queensland.
