Copper, Exploration/Development, News

An expanding Queensland copper footprint

copper, queensland, critical minerals

Mid-tier miner AIC Mines has commenced drill testing at two advanced copper targets, only a stone’s throw from the company’s flagship Eloise mine in north Queensland.

Roughly 3000m of drilling will target resource growth at AIC’s Sandy Creek copper-gold prospect and the development of a maiden resource at its Artemis polymetallic prospect.

AIC managing director Aaron Colleran said the area has very good geophysical coverage but has seen relatively sporadic drilling.

“Sandy Creek… hosts a historic near-surface resource of two million tonnes grading 1.32 per cent copper (Cu) and 0.30 grams per tonne gold (Au), that is open down plunge, but hasn’t seen any drilling since 2012,” Colleran said.

Both exploration targets lie roughly 20km from the company’s Eloise copper mine. First commissioned in 1996, the mine has produced over 13.5 million tonnes of ore grading 2.8 per cent Cu and 0.8 per cent Au, for a total 350,000 tonnes of Cu and 180,000 ounces of Au.

The mine has a processing capacity of 725,000 tonnes per annum with a copper recovery rate of 94 to 95 per cent.

Eloise has mineral resource of roughly 5.7 million tonnes, comprised of 137,200 tonnes of copper and 118,800 ounces of gold. Exploration and resource definition, soon to include Sandy Creek and Artemis, has been successfully replacing mining depletion each year.

In mid-September, AIC made a high-grade copper discovery at the nearby Jericho north prospect. Drilling results returned results such as an 16.6m intercept of 2.7 per cent Cu from a depth of 124.8m; and a 6m intercept at 5.9 per cent Cu from a depth of 62m.

Previous ArticleNext Article
Send this to a friend