Ravensthorpe Gold / Copper Project
ACH Minerals was established for the purpose of an exploration farm-in and Joint Venture Agreement with ASX listed Silver Lake Resources Ltd on their Great Southern Project. The project, now termed the Ravensthorpe Gold / Copper Project, is located between Ravensthorpe and Hopetoun in the south of Western Australia, approximately 525km by road from Perth. Key highlights of the investment opportunity for ACH Minerals are:
>>A mineral inventory, hosted in two distinct areas Kundip and Myamba, as follows:
0.92Moz of gold, 6.7Moz of silver or a gold equivalent of over 1.0Moz AuE; and
over 170Mlbs of copper;
>>Sound economic indicators including access to infrastructure, workforce and suppliers;
>>Near term production ability with JORC (2004) Mineral Resources and Ore Reserves reported by a previous owner (prior to Silver Lake ownership);
>>Multiple exploration targets, particularly at depth on the existing deposits, showing favourable widths/grades indicating potentially low discovery costs.
ACH Minerals exercised an option to acquire 100% of the Project from Silver Lake on 15th July 2016 and settlement has occurred. ACH Minerals is now progressing the updating of flora and fauna surveys in the area of the resources and commencing the approvals/permitting process to position the company to make a development decision in 2017.
Stamp Battery, Kundip
Vern Jones updates the work vehicles at Myamba offices