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NEWS

NSW springs to life

vidence of more Cadia-style mineralisa- for at least 20 years, with DevEx to focus on “The turnaround time they work towards
Etion in New South Wales has generated the recently identified large-scale copper- [for permitting] is about 15-20 days. This will
interest in the State’s copper-gold sector en gold porphyry targets, while historical drill- be the first time for us to lodge one [a permit
masse. ing at Bogong – not previously assayed for application] in NSW. We have gone through
The Boda discovery by Alkane Resourc- gold – has demonstrated shallow minerali- that process as close as we can, so we’ll
es Ltd in September served that company sation and there are drill-ready targets that see where we are at in 15-20 days time.”
well in the market, while also bringing other DevEx wants to explore further. Bradley was keen to start drilling as soon
prospective plays into the fray. Despite shallow intercepts of 54.9m @ as possible to keep the momentum going
“I think that the Alkane intercept has re- 1.1% copper from 6.1m and 9.2m @ 2% on the back of Boda and the positive senti-
ally excited the market again. The market copper from 39.6m at Bogong, the project ment towards exploration in the market.
has been able to see that there are quite a has been devoid of exploration for 45 years. “Everything revolves around the drill hole
few projects out there at similar stages and Additionally, porphyry-hosted copper-gold and good results, so if you have projects
opportunities do present themselves. That targets identified with copper sulphides at with solid drill opportunities I think there are
is enabling explorers to get back out there surface from rock chips at Bogong include people willing to support companies that
again and start drilling some of their targets 10% copper and 0.47 g/t gold. are prepared to go out there and drill holes,”
knowing that discoveries are still out there Between the data collated and its own Bradley said.
to be made and, in many ways, NSW – the work, DevEx has outlined a copper-gold “In the grassroots areas with conceptual
Macquarie Arc – remains a very poorly ex- system greater than over 500m strike at targeting, it is probably a little bit harder
plored terrain,” DevEx managing director Bogong, which remains open and bereft of where you are located and what is going
Brendan Bradley told Paydirt. exploration. on in the market at the time, but I’d say that
DevEx is concerned with the south of “We are gearing up for drilling at Bo- drilling targets that are well thought-out and
the Macquarie Arc at Junee, while further gong this year and we are currently going are robust, there is [positive] sentiment out
south-east in the Lachlan Fold Belt it also through the process of getting our permits there in the market for investment.
has the Bogong project. ready for drilling in the next month. At Junee “I think that from our point of view it is also
Junee and Bogong are both potential we are working together with the targets we good that the NSW Geological Survey is
copper-gold porphyries and lie in the same have got defined and will also look at doing out there and doing work in poorly explored
geological domain as Cadia-Ridgeway and geophysics; we are targeting drilling there terrain and that is where the opportunities
Northparkes. hopefully this year also,” Bradley said in are. For junior explorers, we sit there and
It was only recently that the NSW Geo- early October. watch what those surveys are doing and
logical Survey mapped the area where what other people are doing. You can
DevEx is present, according to Bradley. take advantage of that and you are able
“They are finding porphyries [with] to get on the ground yourself and own
similar age to Cadia and Parkes and 100% of projects. That’s what we have
that has reinvigorated that area down been able to do. Now we have to turn
where we are at Junee. People do now that into a success story with some drill
believe that ‘OK we are actually deal- holes.”
ing with Macquarie Arc-type intrusions Diamond drilling at Bogong had
down there’. The potential has changed started in late October to evaluate sig-
simply because of new mapping done nificant, shallow historical copper inter-
in the survey. As these projects and cepts and to also test a new IP anomaly
geology evolve that will bring quite a lot located beneath these historical inter-
of new investment into NSW,” Bradley cepts, which was identified during the
said. company’s maiden ground IP survey.
DevEx is poised to be one such com-
pany investing in NSW, with a $4.6 mil- – Mark Andrews
lion capital raise triggered to fast-track
drilling at Bogong and Junee. DevEx has the Junee and Bogong potential copper-gold
There has been no drilling at Junee porphyries, which lie in the same geological domain as
Cadia-Ridgeway and Northparkes

Krakatoa Resources Ltd recently acquired 100% of the Bel- Driving Krakatoa’s endeavours will be Stephen Woodham
gravia project in the central part of the Molong Volcanic as the company’s NSW exploration consultant. Woodham
Belt in New South Wales’ Lachlan Fold Belt. was the founding director of LFB Resources before it was
Belgravia is between Newcrest Mining Ltd’s Cadia mine acquired by Alkane.
and Alkane Resources Ltd’s Northern Molong porphyry Krakatoa had started field due diligence at the time of print,
project, and adjacent to the Copper Hill copper-gold por- with Belgravia considered to be prospective for porphyry
phyry deposit. copper-gold, associated skarn copper-gold, orogenic gold
Krakatoa currently has six targets within its project area, and VMS-style gold mineralisation.
with some sharing similarities to Cadia.

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