Project Overview

The Paterson Copper-Gold Project comprises a ~1,200 square kilometre strategic landholding within the highly-prospective Paterson Province in north-western Western Australia, which boasts a number of large-scale mining operations including Newcrest’s (ASX: NCM) world-class 28Moz Telfer gold-copper mine and Metal X’s (ASX: MLX) Nifty copper mine.

Firefly’s extensive Paterson landholding includes tenements in the north of the Paterson Province around Antipa Resources’ (ASX: AZY) Citadel Project (being explored under JV with Rio Tinto); to the north and east of the Cameco Australia’s Kintyre uranium deposit; as well as an area to the south of the Rudall River National Park that contains the same stratigraphic hosts as the Nifty and Kintyre deposits.

Firefly’s aim in establishing this large tenement package was to secure a favourable geological position primarily over existing historical copper-gold prospects around the Kintyre uranium mine, particularly the Wanderer copper-gold-molybdenum prospect. Historical drilling at Wanderer during the 1980’s returned primary copper grades up to 6.5%, gold grades up to 1g/t and molybdenum up to 700ppm, less than 100 metres from surface, which have never been followed up.

An integration of available historical geophysical datasets has created a large high-resolution geophysical data package over the primary tenement application containing the Wanderer prospect. This modern dataset illustrates significant structural information, strongly supports Firefly’s geological model for potential intrusive copper-gold sources for Wanderer and multiple nearby prospects and has led to the development of several other high-priority drill targets across the application area.

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Strong Interest in Paterson Province

The Paterson Province has recently attracted strong interest following several reported discoveries and corporate transactions in the area.

  • • Independence Group (ASX: IGO) recently made a cornerstone investment in Encounter Resources (ASX: ENR) and can elect to earn up to 70% of Encounter’s highly-prospective Yeneena Copper-Cobalt Project. Encounter has had considerable success exploring along the major structures of the Paterson Province, including discovery of the Aria IOCG prospect, less than 30km from Firefly’s E45/5391 tenement application.
  • AIM-listed Greatland Gold (AIM: GGP) recently announced a spectacular intercept of 275m @ 5.77g/t AuEq gold-copper from its Havieron prospect, 80km north-east of Firefly’s tenement applications E45/5391, E45/4969 and E45/5358.
  • • Rio Tinto has dramatically increased its land-holding and influence in the Paterson Province, pegging expansive ground positions across a broad 500km area north to the coastline and inking several earn-in JV arrangements across the wider region. Rio has also established a sizeable exploration camp and made application for an airstrip at its Winu prospect located ~50km west of Firefly’s E45/5396 and E45/5397 tenement applications.

A Province With Excellent Growth Potential

Firefly believes that its Paterson tenement package represents a strategic footprint of highly prospective ground in an emerging exploration province with excellent “ground-floor” growth potential.

The presence of existing shallow high-grade copper, gold and molybdenum in historic drill intercepts on its ground coincident with broad modern geophysical coverage over its tenement package represents a “major”-scale opportunity.

Registered Office Address

15 McCabe Street
North Fremantle WA 6159

Office Phone Number

+61 8 9322 2338

Contact Email Address
Corporate Directory
Registered Office Address

15 McCabe Street
North Fremantle WA 6159

Office Phone Number

+61 8 9322 2338

Contact Email Address
Corporate Directory