Western Australian Gold exposure well located advanced projects with upside.
Active project acquisition strategy in Brazil with excellent infrastructure + mining jurisdiction– offers advanced targets plus potential for significant discovery.
OzAurum’s priority Mulgabbie North project tenements adjoin the Carosue Dam Dervish and Kararimine sites containing 1.7 Million ounces of mineable gold reserves (to date produced over 1.0 million ounces from open pit/underground operations).
Work is advancing on drilling, test work and permitting as the Company advances to Feasibility Study stage.
With a history of high grade mineralisation and a potential high grade open pit and underground mining operation, the Patricia deposit is open at depth. The project has had very limited exploration over the last 25 years.
The Salitre and Catalao Niobium REE Projects were identified as prospective areas for carbonatite intrusion-related niobium mineralisation and are situated within the Alto Paranaba Magmatic Province (APMP). The APMP hosts 97% of worldwide niobium production, all from carbonatite intrusions. OZM has identified a widespread niobium in soil anomaly over a 1km² area, with a peak niobium in soil result of 271 ppm. Coincident anomalism of tantalum, hafnium, thorium follows the same pattern as Niobium.
Mulgabbie North and Patricia Projects are strategically located in the heart of WA Eastern Goldfields – 130km NE of Kalgoorlie.
Within a 100 km long gold-bearing structure comprising notable gold mines such as Granny Smith (plus 5.7 Moz resources), Wallaby (plus 11.8 Moz resources) and Sunrise Dam (plus 10.3 Moz resources), this coveted gold producing region has a endowment of plus 30 million ounces of gold resources.
Mulgabbie North Project is 2km directly adjacent Norther Star’s Carosue Dam Mine (~3.5 Moz) with similar rocks.
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