Matrix Metals | Copper Production and Exploration

The Leichhardt Tenement Area is centred approximately 100 kilometres North East of Mt.Isa and includes Mt Watson, Mt Cuthbert, Mt Earl, Hidden Treasure, Mighty Atom and Prospector.

The Prospector Area located as shown on the previous map and in the figure below, is located about 35 km south of the Leichhardt processing plant. Exploration has resulted in the discovery of a number of Iron Oxide Copper – Gold (“IOCG”) occurrences.

This style of deposit includes Olympic Dam and Ernest Henry (among the larger representatives) and many other smaller deposits, including a number in the Mt Isa Inlier. 

The prospects in the Prospector Area are within or peripheral to, a large and strong airborne magnetic anomaly indicated by the red shaded areas on the accompanying map. Mineralisation is associated with the hydrothermal magnetite which is the source of this anomaly.

Exploration has advanced to the drilling stage with a drilling program commencing on 1 June 2008. Results will be received in the September quarter 2008 and reported via announcements to the Australian Stock Exchange.