Monogorilby bauxite/titania (100%) 

  • New bauxite Province – significant scale potential

  • Well located <55km from a dormant rail system with connections to the Port of Bundaberg

  • Large land holding; 1,484km² granted and under application

  • Additional titanium potential associated with the bauxite profile and underlying sedimentary units

TENEMENT LOCATION MAP

TENEMENT LOCATION MAP

 

Monogorilby Bauxite Maiden Resource

  • Maiden Resource 54.9Mt @ 37.5% total Al & 8.5% total Si

  • Average 7m to 14m thick bauxite profile from surface

  • Mineralised plateaus; low stripping ratios implied

  • Only 1 of 6 target areas drilled to date

  • Predominantly gibbsite mineralogy; higher value implied

  • Preliminary scouting metallurgical test-work indicates potential to beneficiate:

    > Good to premium quality DSO (35-40% available alumina, 1-3% reactive silica) at 5-85% mass recoveries through simple crushing, screening and scrubbing of the 1 to 3m thick surface duricrust

    > Fair quality DSO (<30% available alumina, >5% reactive silica) at 38% mass recovery through simple crushing and screening of the sub-surface bauxite profile

  • High-grade Ti (average 3.8-5% TiO₂) occurs within bauxite profile; best at surface with potential scope for early start-up Ti concentrate product 

MONOGORILBY BAUXITE PLATEAU MODEL FROM RESOURCE ESTIMATION 

MONOGORILBY BAUXITE PLATEAU MODEL FROM RESOURCE ESTIMATION 

 

Monogorilby Aluminium/Titanium - Exploration Upside

  • Plateau type and 'Valley-Fill' bauxite targets 

  • Only 1 of 6 identified targets tested to date

  • Valley-Fill targets drilled at margins of Monogorilby plateau - highest-grade bauxite intersections

  • Potential large concealed 'Valley-Fill' target below Durong plains; historical oil/gas drilling shows records of concealed laterites

exploration target areas around the monogorilby bauxite project

exploration target areas around the monogorilby bauxite project

 
may queens_3.jpg

May QUEEN GOLD PROJECT (100%) 

  • Historical high-grade gold intersections (1980s): 
             > 4m @ 38.8 g/t Au (at end of hole) and 3m @ 18.9 g/t Au in hole BPH15
             > 2m @ 73.4 g/t Au, including 1m @ 145 g/t Au in hole BPH1 

  • Follow-up drilling confirms mineralisation with best intersections of: 
             > 2m @ 13.5 g/t Au
             > 3m @ 6.95 g/t Au
             > 3m @ 2.58 g/t Au
             > 1m @ 0.62 g/t Au & 1.3% Cu

  • Mineralisation associated with 'epithermal' and 'skarn' type textures along intrusive contacts 

  • Mineralisation remains open along strike in both directions and at depth

  • Discrete magnetic anomaly spatially associated with drill intersections; additional untested anomalies to the south-east 

surface plan of historic drilling intersections

surface plan of historic drilling intersections

  • Discrete magnetic anomaly spatially associated with drill intersections

  • Mineralisation hosted within parallel quartz vein systems open to the NW and SE 

  • Occurs at contact between porphyritic dykes, gabbros and mudstone - limestone sediments

  • Potential exo & endo skarns along intrusive contact - potential analogue to red Dome Au-Cu mine in Queensland (15Mt @ 2.6 g/t Au at a 1 g/t Au cut-off) 

  • Additional untested anomalies along strike to the SE under 20-50m of cover

additional exploration targets along strike from may queen over airbourne magnetics imagery 

additional exploration targets along strike from may queen over airbourne magnetics imagery 

 

Quaggy - nickel project (100%) 

  • Coincident magnetics and geochem (Pt, Pd, Ni) anomalism is indicative that the magnetotelluric conductors are due to a major metal sulphide deposit. 

  • Full coverage of Layered gabbros - 30km strike length

  • Gabbros are generally preferred host for major nickel deposits like Norilsk 

  • Comparable in size and strength to the recent Nova discovery 

  • Western extensions may greatly increase the size at Quaggy - Norilsk is the same age ie Permo Triassic 

  • Glencoe offers further potential nearby