Great Western Exploration (ASX:GTE) is taking the opportunity at this year’s Resources Rising Stars conference to showcase its Oval and Oval South Copper-Gold targets, as part of its Yerrida North Project in Western Australia.
Resources Rising Stars begins today (6 March 2024) in Brisbane, before travelling south down the East Coast of Australia to Sydney and Melbourne (7 March and 8 March), respectively.
Ahead of its presentation today, attendees can expect to witness Great Western’s plans to drill the aforementioned targets in the first half of 2024, which the company describes as ‘company making copper-gold targets’.
Both Oval and Oval South, which are now wholly owned by Great Western, were identified by mining giant Rio Tinto (ASX:RIO) in the 1990s along strike from DeGrussa and Monty copper-gold deposits, however, Rio’s drilling failed to intersect the electromagnetic (EM) anomaly.
That was until modern exploration by Sandfire Resources (ASX:SFR), in a joint venture with Great Western, demonstrated the Oval EM target is below Rio’s drilling.
The Oval target is an analogue to the giant Winu Intrusive Related Copper-Gold deposit, sharing key geological attributes. Therefore, Great Western believes a potential ‘colossal’ size Winu/Havieron-style copper-gold discovery can be made.
Great Western, which has a $16.35 million market capitalisation, will also showcase its Fairbairn Project, more specifically, the 3 ‘large’ DeGrussa-style copper targets which have been defined.
Like Oval and Oval South, the company says these Fairbairn targets all have ‘company making’ potential, with drilling scheduled to test all 3 targets this month.
The conference is being held at the Emporium Hotel South Bank in Brisbane, Fullerton Hotel in Sydney, and Sofitel Melbourne on Collins.
Great Western Exploration is a copper and gold explorer with a ‘world-class’ land position in prolific regions of Western Australia which have been under or virtually unexplored.
As of December 2023, the company had $3.86 million cash at hand, according to today’s presentation.
Write to Adam Drought at Mining.com.au
Images: Great Western Exploration
