Lake Mackay JV
LAKE MACKAY JV - NORTHERN TERRITORY
IGO 70% and Manager (JV with Prodigy Gold and Castile Resources)
Lake Mackay JV project is located 400km west-northwest of Alice Springs, NT adjacent to the Western Australian border
Copper (Cu), Nickel (Ni), Gold (Au), Cobalt (Co)
The JV has approximately 18,700km2 of tenements, including 7,600km2 of granted exploration licences over an unexplored Proterozoic terrane, characterised by polymetallic base and precious metal mineral systems.
Exploration is at an early stage and, until recent years, has been limited to a single tenement.
Work in FY19 included exploration at the Phreaker and Grimlock prospects, where RC drilling led to the discovery of copper (gold-silver) mineralisation and Co-Ni enriched laterites, respectively.
Ongoing regional soil sampling continued elsewhere on the project and has delivered encouraging polymetallic geochemical anomalies that require follow up in FY20.
In addition, regional Spectrem airborne EM surveys have delivered anomalies for ground EM follow-up and drilling in FY20.