The Cobar Gold Project is 30km east-southeast of Aurelia’s Peak Gold Operations and only 16km from the privately owned Mt Boppy Gold Mine (historic production 417,000oz at 12.2g/t average grade). The project shares similar geological and structural controls to the nearby Peak Trend deposits, being relatively short strike sediment hosted and structure related gold deposits. The Cobar Gold project resource estimate was defined below historic prospects (Sunrise, Good Friday and Battery Tank) and an internally generated greenfield discovery (Boundary).
Highlights: Control of a large-scale goldfield (600 km2) close to infrastructure. Existing 118koz Au JORC2012 Oxide Resource (refer Table). Large system potential, comparable geological setting to nearby 4Moz Peak Trend. Multiple structural targets. All known prospects remain open with depth extensions expected.