HIGHLIGHTS
- Further to the acquisition of three antimony, gold, and copper focused projects in New South Wales and Queensland (ASX Announcement 26 March 2025), RML has completed an Exploration Model review of the Spur South Gold-Copper Project; and has commenced the land access process for its Drake East Gold-Antimony Project.
- It is concluded that a Porphyry-Skarn Exploration Model applies to the Spur South Gold-Copper Project.
- Regionally, the Spur South Project (EL9720) is located on the western margin of the Molong Volcanic Belt within the Lachlan Transverse Zone, a prolifically mineralised structural corridor that hosts the Cadia-Ridgeway, Northparkes and Cargo porphyry and skarn systems.
- The project-scale geological setting of Spur South Project (EL9720) comprises regional fault-affected Silurian and Ordovician porphyritic volcanics and volcaniclastic sediments. A discrete 3.25km long magnetic anomaly coincides with a faulted margin of the Ordovician-aged Fairbridge Volcanics (porphyritic basalt and associated volcaniclastics) and Millambri Formation (volcaniclastic sandstones and siltstones).
- The magnetic anomaly cannot currently be explained by surface geology and based on the regional setting within a porphyry-skarn corridor it is therefore considered prospective for porphyry-skarn mineralisation, of a nature similar to those in the immediate vicinity, thus including Cadia-Ridgway, Cargo and Northparkes.
- Land access is being progressed for Drake East. This project hosts high-grade antimony (Sb), high-grade gold (Au) and high-grade silver (Ag) mineralisation and extensive LiDAR-interpreted workings associated with alluvial gold mineralisation.
