Fraser Range Project

The Fraser Range Project is a consolidation of 10 granted tenements with a combined area of approximately 873km2, – being one of the largest strategic landholdings of held by any junior explorer in the Fraser Range. Investment by the Company will be undertaken at the Fraser Range Projects to explore for nickel, copper, gold and other base metals.

The tenements comprising the Fraser Range Project is situated within the highly prospective Proterozoic Albany-Fraser Orogen (AFO).
The AFO hosts and is prospective for a range of mineral deposit styles, including:

(a) magmatic nickel-(copper-cobalt) mineralisation;

(b) orogenic gold mineralisation;

(c) intrusion-related gold mineralisation; and

(d) polymetallic sedimentary exhalative and volcanogenic massive sulphide mineralisation, as exemplified by the Trilogy lead-zinc-silver-copper-gold deposit.

Figure 3 – Fraser Range Project

Location Map & Geology over Magnetics (1VD)

Previous exploration across the tenements of the Fraser Project has focussed largely on gold, particularly since the Tropicana Discovery in 2005, and on base metals since the discovery of Nova-Bollinger in 2012. Nova-Bollinger is a world class nickel-copper deposit in mafic/ultramafic reporting 13 Mt @ 2% Ni + 0.8% Cu + 0.07% Co.

Since discovery of the Nova-Bollinger Ni-Cu-Co deposit by Sirius Resources Ltd in 2012 the AFO has been subject to intensive exploration efforts by numerous companies.

The Fraser Range is not just prospective for magmatic nickel-copper sulphide and orogenic gold. IGO Limited have identified several VMS occurrences, the most prospective being Andromeda (29.9m @ 1.36% Cu, 2.51% Zn, 19.9ppm Ag, and 0.36ppm Au).

Magmatic nickel and copper sulphide orebodies frequently occur in clusters globally. Thus far there are two discoveries and a large number of mineral occurrences.

Figure 4 – Fraser Range Project

GSWA 1:500k geology with WAMEX Ni & Cu occurrences

The tenements cover a significant area of lithologies adjacent to the Fraser Zone. Historic exploration results have indicated that the Fraser Zone contacts are not simple boundaries but are sheared, offset with rafts of Fraser Zone lithologies occurring within the adjacent Birinup and Recherche tectonic zones. Most of the regolith overlying the project areas is transported in nature so ultimately the underlying lithological units are far from known and the nature of the geology and controls on mineralisation are not yet known.

The tenements are largely under explored and potential remains for several differing styles of mineralisation to occur. The Company plans to use modern geophysical techniques and drilling to identify rocks and structures beneath the transported regolith. The Proterozoic mobile belt of the Albany Fraser Orogen, adjacent to the Archaean Yilgarn Craton margin, represents a favourable model for the formation of magmatic base metal deposits, volcanogenic massive sulphide deposits, and structurally hosted hydrothermal gold deposits.