Looking Ahead

  • Matchbox, Anzac and Quamby targets and satellite deposits may add to sulphide reserves
  • Further production potential from 7 copper-only deposits (137Mt) in addition to Little Eva and satellites containing 840,000t of copper
  • ‘Native copper ore’ in weathered rocks overlies copper suphide ore
  • Sulphide ore can be treated through Little Eva mill
  • Native copper ore can be treated at Little Eva mill but at 60% recovery
  • Altona has grown resource 43% in one year to 1.65Mt of copper
  • 5 Reserves, 7 Resources and many prospects and workings
  • Little systematic exploration for 15 years
  • No drilling deeper than 100m outside a few of the larger deposits
  • Drilling has focused almost exclusively on the original 1990 CRAE discoveries in the north of our tenements
  • Turkey Creek discovery in August 2012 highlights prospectivity
  • All deposits open and growing, many targets for extentions
  • Further Resource upgrades pending
  • Dugald River zinc and Mary Kathleen uranium highlight that exploration potential not limited to copper