Projects

Mt Isa North Copper-Uranium Project

The Mt Isa North Project comprises approximately 2,003km2 of granted and pending exploration tenements located near the city of Mount Isa in Northwest Queensland, Australia.

Learn More

The Mt Isa North Project comprises approximately 2,003km2 of granted and pending exploration tenements located near the city of Mount Isa in Northwest Queensland, Australia.

The Mount Isa region is one of the world’s premier exploration and mining locations, hosting:

  • four of the world’s ten largest Zn-Pb-Ag deposits (Mount Isa, George Fisher, Century and Cannington);
  • the globally significant Mount Isa Cu-Co deposit (pre-mining metal inventory of 255Mt @ 3.3% Cu; Geological Survey of Queensland, 2011); and
  • the Valhalla project (148.3Mlbs @ 680ppm U3O8; Paladin, 2023) which is Australia’s 3rd largest uranium resource.

In addition, the Mt Isa region hosts extensive mining-oriented infrastructure, numerous mines and processing facilities, water and power utilities, rail and national highway transport connections, frequent commercial air services, city services, and a skilled labour force.

Surprise Mine Prospect

The Surprise and Startle prospects are situated within EPM 28297, ~80km NE of the city of Mount Isa. Surprise and Startle are examples of structurally-hosted high-grade Cu-Au targets of Iron-Sulphide Copper Gold (ISCG) style.

Significant historic drilling results include:

  • 77m @ 4.67% Cu from 51.21m (SH30) Incl. 3.65m @ 3.15% Cu from 51.21m; and 12.80m @ 7.77% Cu from 62.18m
  • 66m @ 9.53% Cu from 22.25m & 1.83m @ 1.70% Cu from 16.76m (SH37)
  • 66m @ 2.70% Cu from 53.34m & 3.66m @ 1.50% Cu from 77.11m (SH41)
  • 00m @ 2.83% Cu + 0.61g/t Au from 102m (SU007)
  • 00m @ 2.83% Cu + 1.45g/t Au from 124m (SU001)
  • 1.83m @ 4.10% Cu from 21.64m (SH40)

Conglomerate Creek Prospect

Conglomerate Creek Prospect is located 40km NNE of Mount Isa city and includes over 15km strike length of the Conglomerate Creek Fault which Capella believes is prospective for Mount Isa style Cu- Co, Zn-Pb-Ag and Iron oxide copper-gold (IOCG) style deposits. The exploration target is a block of Mount Isa Group sediments hypothesised to occur beneath the Eastern Creek Volcanics and favourable trap sites for mineralisation within the Eastern Creek Volcanics.

Calton Hills Prospect

Calton Hills is located within EPM 28792, 65km NNE of the city of Mount Isa. Previous exploration has provided compelling evidence of large Cu mineralised hematite breccias, potentially related to the IOCG mineral systems in the Eastern Succession, and rock types favourable to Cu mineralisation.

Calton Hills prospect is centred on a 2km x 2.5km fault-bounded basin of Mount Isa Group metasediments surrounded by rocks of the Eastern Creek Volcanics (ECV).

AM5 proposes to focus on a 3km x 1.5km area covering the hematite breccia and Northern Fault which has been only lightly drilled along it’s strike length, using modern ultra-detailed drone-borne magnetic and ground-based gravity surveys.

Regional-Scale Faults Prospects

The Regional-Scale Faults prospects are associated with three broadly north-south trending major structures, the Mount Isa, Paroo and Hero Faults. Target deposit styles are Mount Isa-style sediment-hosted Cu-Co and Zn-Ag-Pb deposits, and magmatic-hydrothermal Cu-Au deposit types. Approximately 50km of each of the Mount Isa and Hero Faults, and 30km of the Paroo Fault occur within the Company’s tenements.

AM5 considers that the Mount Isa, Hero and Paroo faults have been only superficially explored along much of their length, owing to the focus of previous explorers on exploring within the Urquhart Shale.