Copper - Huntoon29 Apr 2024 07:50
The potential prize of the copper here is really really interesting. So looking at the M2, M4 and now West Huntoon prospects, this could all form one large continuous deposit stretching 60km².
A few years ago David Fraser mentioned (before the West Huntoon porphyry was identified) it was suggested that the resource potential could be up to 200 million tonnes of Cu ( current JORC resource is 4.28 tonnes ).
Then with the identification of a copper porphyry system in Nov 23, a well respected individual in the industry Dr Lawrence Carter was engaged to review copper potential.
All in all the copper resource could potentially turn out to be one huge beast - wouldn't be surprised if it looks like we are looking at a figure of 1,000 million tonne or more potential resource here, so possibly a world class copper mine waiting to be developed, with I imagine lots of interest behind the scenes to develop it, especially with copper prices now.