Red Metal Limited (Red Metal) was the owner and operator of EPM 26675 – Waterbush Bore located 125 km southwest of Normanton and 175 km southeast of Burketown.
The tenement formed a part of Red Metal’s Gulf project which incorporates several tenements over several standout geophysical anomalies in an under explored extension to the Cloncurry terrain which offers scope for large iron oxide copper-gold (IOCG) breccia systems.
This report summarises previous exploration and details exploration conducted from September 10 2019 to September 9 2020 and is the second and Final Report in respect of this licence.
Exploration during the current term