Developing Higher Grade Copper

Redbank Mines is an Australian based ASX-listed resource company (ASX:RBM) focused on the exploration and development of high grade copper sulphide targets at its Northern Territory copper project.


The project is located in the Northern Territory McArthur Basin, some 30km from the Queensland border and 70km south of the Gulf of Carpentaria.  The tenements comprise ERL94, MLN631 to MLN636 inclusive and MLN1108. Recently five exploration licenses have been granted in the McArthur South region. The five tenements comprise EL26758, EL26778, EL26779, EL26780 and EL26781 which total 1,284km². Redbank holds a substantial ground position (approximately 3,600km2 granted or under application) including the centre of the Redbank Mineral Field which hosts significant economic copper mineralisation and is highly prospective for copper, cobalt, phosphate, manganese and uranium.

The tenement package included numerous advanced copper targets, and has an identified JORC resource of 5.3 million tonnes at a grade of 1.44% copper.

 

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