Ground magnetic survey was conducted by Greencapital Resources Pty Ltd on the tenement EL 6206, from 23rd October 2021 to 3rd November 2021. The aim of the survey is to provide geophysical information to support investigation of the geological context and setting of the major regional aeromagnetic anomaly area. The total completed survey lines are 43,580 m, covering the major anomaly area of the tenement.
Ground magnetic modelling indicates high amplitude magnetic responses associated with the Braemar Iron Formation. The total exploration target within the license is 2.5 Bt to 5 Bt, at a likely grade of 20%.
