Looking Ahead
- Turkey Creek Reserves adds approximately 2 years to mine life
- Matchbox, Anzac and Quamby targets and satellite deposits may add to sulphide reserves
- Further production potential from 7 copper-only deposits (137Mt) in addition to Little Eva and satellites containing 840,000t of copper
- ‘Native copper ore’ in weathered rocks overlies copper suphide ore
- Sulphide ore can be treated through Little Eva mill
- Native copper ore can be treated at Little Eva mill but at 60% recovery
- Altona has grown resource 43% in one year to 1.65Mt of copper
- 5 Reserves, 7 Resources and many prospects and workings
- Little systematic exploration for 15 years
- No drilling deeper than 100m outside a few of the larger deposits
- Drilling has focused almost exclusively on the original 1990 CRAE discoveries in the north of our tenements
- Turkey Creek discovery in August 2012 highlights prospectivity
- All deposits open and growing, many targets for extentions
- Further Resource upgrades pending
- Dugald River zinc and Mary Kathleen uranium highlight that exploration potential not limited to copper
