Australian Mines’ 100% owned Thackaringa Cobalt Project is located within 25 kilometres of the historic mining centre of Broken Hill in New South Wales.
Australian Mines commenced its exploration program at the Thackaringa Project in 2018 when it commissioned a high-resolution helicopter-borne electromagnetic survey of the project area. This geophysical survey complemented the outcrop geological mapping undertaken by the New South Wales Geological Survey, which indicated that Australian Mines’ Thackaringa Project may contain cobalt-bearing rocks that warrant further exploration.
In addition to the project’s impressive cobalt potential, modelling of the helicopter-borne electromagnetic survey data acquired over the Thackaringa Project also identified a conductive body (notionally called BR_02_CC), which appears to have the geophysical characteristics of base metal (copper-silver-gold-lead-zinc) mineralisation. A follow-up ground-based fixed loop electromagnetic survey (FLEM) subsequently conducted over this conductive body by Australian Mines during the year re-affirmed the presence of a potential sulphide body at target BR_02_CC.
Further exploration will be undertaken to ascertain whether this bedrock conductor may be the surface expression of the next “Cobar-style” polymetallic discovery within New South Wales.