Huntingfield, NSW (directly east of Radium Hill and Honeymoon Uranium projects in SA, south of Broken Hill)
PROJECT PHASE
Development
SIZE
659 Sq Km
OWNERSHIP
100%
PRODUCT
Iron pisolites, porphyry copper-gold
REGIONAL GEOLOGY
Extensive Fe (pisolite) channels have been identfied.
The paleodrainage is identified from Altius recently flown high resolution aeromag/radiometric surveys. Interpretation by geophysicists has indicated potential for an open pittable resource that can be beneficiated on site to 55% Fe.
LOCATION RATIONALE
Large Area: The Huntingfield tenement of 659 Sq Km is on the edge of the Murray Basin and south of Broken Hill, one of the world’s largest and most profitable mining fields that spawned BHP Billiton.
Proximity to Prime Mining Locations: It is located directly east of Radium Hill and Honeymoon Uranium projects in South Australia, and was selected after an extensive review of geophysics to find suitable sites for Group1 minerals.
Broad Range of Mineralisation Styles: The proximity to Broken Hill deposits, iron ore and base metal discoveries in western NSW, makes this a primary target. The complexity of the basement based on the magnetic data allows for a wide range of mineral styles.
Significant Mix of Anomalies: The tenement was originally taken up because of a large radiometric anomaly, and the proximity to major South Australian mines.
TARGETS
Determine iron resources in identified pisolite channel deposits
Develop areas with presence of nickel sulphides, iron pisolites and porphry copper-gold
STATUS & COMPANY GOALS
Altius has commissioned high resolution aeromagnetic/radiometric surveys to define extent of iron resources and radiometric anomaly.
Complete beneficiation and mining feasibility studies whilst concurrently assessing demand and potential supply scenarios.
