Pathway to unlocking an economic copper resource in a major underexplored metal rich basin

The Redbank Project is located in the east McArthur Basin and spans an area from the Northern Territory/Queensland border west towards Glencore’s McArthur Mine.

In 2019, new management were appointed by shareholders to restart exploration.

In 2020, NT Minerals completed re-assaying over 4,000 historical drill core and pulp samples from approximately 25,000m of diamond drill core stored at the Redbank Exploration Camp. This work was critical to validate historic assays, some going back to 1970 when Newmont Ltd first discovered multiple copper mineralised breccia pipes within a small area of the Redbank Project.

In July 2020, NT Minerals extended the size of the Project area to 13,184 km² and secured a district scale tenement holding by pegging open ground following work by Geoscience Australia.

An important compliance milestone was reached in June 2021 with the JORC 2012 Mineral Resource Estimate completed for the Project, which validates the mineralised potential of the region and lays a solid foundation for the Company’s exploration program.

A limited maiden percussion drilling program in 2021 tested several high priority copper targets. Significant work was completed to develop new foundation datasets including airborne and ground geophysics, diamond drilling and regional soil sampling.

The work completed in 2021 has fed into a program of a new round of percussion drilling to investigate a large regional conductive airborne anomaly proximal to the historical Redbank mining centre and anomalous multielement geochemistry at Calvert South.

Successful regional soils programs are ongoing in 2022 to build, year on year, new datasets for future exploration.