Roseby Project

In Queensland, Altona Mining owns major tenement positions in the Mt Isa Inlier, a major mineral province of Proterozoic age, one of the world's most mineral rich periods in geologic time.  The Mt Isa area is one of the most prospective geological provinces for base-metal mineralisation in Australia.  It is host to several world class copper, copper-gold, lead-zinc-silver and phosphate mines as well as large resources of molybdenum, cobalt, rhenium and uranium and associated minerals.

Altona's major project in the Mt Isa Inlier is the Roseby Copper Project, with nearly one million tonnes of contained copper and 240,000 ounces of contained gold in JORC compliant Mineral Resources.  Other projects include copper-gold prospects at Cameron River, Dronfield, Mt Angelay, Happy Valley, Bushy Park and Malbon, as well as uranium prospects at Roseby (Mary Kathleen Project Area), Spider and Malakoff-Mt Malakoff. Together, these tenements cover an area of approximately 2,150 square kilometres.

All are considered prospective for mineralisation of the iron oxide associated hydrothermal copper-gold deposit style, of which the very large Ernest Henry deposit is a typical example. They also have potential for the occurrence of sediment hosted zinc-lead-silver deposits of the Cannington and Century styles and uranium.