Yarraman Metals

Summary

Significant copper belt – 26 km trend of copper in soil anomalies and numerous outcropping gossans
No systematic exploration between 1990s to 2022 – historical work by Newmont, BHP, MIM; Historical drilling (inc. 20.7m at 0.34% Cu)
Overlooked sediment hosted copper system with steeply-dipping, stratiform copper mineralisation (26 km long)
2022 exploration defined three drill ready prospects
Several large soil anomalies detected; soil assays up to 1.68% Cu
Repeatable rock chip assays ranging 3% to 19% Cu
~1000 km2 land package 360 km from Townville via sealed roads

Location

Located in the southern Georgetown Inlier in Northeast Qld
Nearby deposits:
Kidston (5 Moz Au),
Woolgar (1.9 Moz Au),
Mount Hogan (Au),
Kaiser Bill (Cu-Au),
Balcooma (Cu-Zn),
Thalanga (Zn-Cu-Pb)
Access across tenure via good roads and station tracks (25km from bitumen road)
120km via sealed road to established rail infrastructure
Within Yarraman Metals’ 3-tenement ‘Juntala Project’ - PROJ0190
Exploration leases granted to Yarraman Metals Late-2021 for 5 years

Geological Setting

Numerous copper-rich gossans and outcrops of disseminated chalcopyrite, bornite, chalcocite and malachite within steeply dipping calcsilicate diopside gneiss
Mineralisation occurs near the contact with overlying pelitic biotite-sillimanite gneiss
Strong copper anomalies (up to 400m wide) detected in soils (up to 0.69% Cu; portable XRF) and termite mound samples (up to 1.68% Cu; Ultrafine) coincident with a 26 km magnetic feature
Paleoproterozoic-aged (~1750 Ma) mineral system
Sediment-hosted copper system geological similarities to world class provinces (e.g. Zambian Copper Belt, Kupferschiefer)

Extensive 2022 field season defined three drill-ready targets from 2038 XRF analyses, 1195 ultra fine assays, 83 rock chip assays and extensive mapping.

➊

Snake Gossan

Historical drill interval of 20.7m at 0.34% Cu (including 10.5m at 0.55% Cu) from 40m
Identical costean assays, confirming mineralisation continuity at depth

➋

Battle Ridge (discovered in 2022)

300m x 30m soil anomaly (up to 0.69% Cu in soil)
Rock chip assays: up to 5.3% Cu, up to 5.33g/t Au, up to 15.2 g/t Ag

➌

Underwood (discovered in 2022)

Quartz-baryte gossan containing up 22% chalcocite
Rock chip assays: 16.3-18.7% Cu, 0.38-0.62g/t Au, 30-34 g/t Ag

➊ Snake Gossan

Found by Newmont, 1976
Historical drill interval of 20.7 m at 0.34% Cu(including 10.5 m at 0.55% Cu) from 40 m (Newmont, 1978). Identical costean assays
Fieldwork in 2022 identified >400 m zone of soils/termite mounds with highly elevated copper values over more than 1.5 km of strike
Ultrafine assays identified up to 1.68% copper in the clay fraction from termite mounds
Multielement Ultrafine assays confirm and extend historical soil copper and Zinc anomalies

Snake Gossan: Limonitic gossan with boxwork texture after sulphides

➋ Battle Ridge Prospect

Discovered in 2022
300 m x 30 m soil anomaly (up to 0.69% Cu in soil)
Rock chip assays: up to 5.3% Cu, up to 5.33g/t Au, up to 15.2 g/t Ag
Broad area of oxidized calcsilicate gneiss
Extensive, disseminated malachite and azurite mineralisation

Oxidised calcsilicate gneiss - 5.3 wt% Cu, 1.35 g/t Au, 3.15 g/t Ag

➌ Underwood Prospect

Discovered in 2022
Baryte-quartz gossan containing up 22% chalcocite
Multiple rock chip assays: 16.3-18.7% Cu, 0.38-0.62g/t Au, 30-34 g/t Ag, 22-32 g/t In
Surrounded by a significant soil/termite mound copper anomaly which sits on the regional copper trend

18 wt% Cu (as chalcocite & malachite)

Project Advantages

<60

Low Lead mineralisation (<60ppm)

→20m

Good mining widths (10-20m Cu-Au-Ag)

⤵

Good geometry – steep dips

Strong copper prospectivity with significant precious metal credits

25km

From bitumen road

⟿

Flat to undulating terrain

120km

By road to rail infrastructure

☺ ☺

Supportive locals

The Team

Alastair Haldane
Director • Msc Eng, Bsc, GAICD

Alastair is a geologist and chemical engineer with over 20 years’ experience in technical and company directorship roles. Prior to founding Yarraman Metals Pty Ltd, Alastair has founded several successful companies across the resources and labour hire spaces.

Alastair commenced his career with BHP and is a graduate of the Australian Institute of Company Directors.

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Gordon Webb
Principal Geologist • PhD

Gordon Webb is a geologist with over 20 years’ experience in the exploration, mining, academia, and government sectors. Gordon has extensive experience working in Proterozoic basement terrains in Australia and overseas, and has specialist knowledge in metamorphic and magmatic systems, geochemistry, and structural geology.

Gordon has held senior project roles and been involved with all stages of exploration (from first-mover greenfields exploration to proven resource drill-outs). Gordon holds a PhD in Geochemistry from the University of Melbourne and is a member of the Australian Institute of Geoscientists.

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