Our Projects

Koonenberry Inlet

The Koonenberry Inlet tenements in western New South Wales cover a range of high priority ground electromagnetic conductors which have the potential to be due to base metal mineralisation and are ready for drill testing.

Meridian Minerals considers that the Koonenberry Belt has potential for nickel-copper and PGE mineralisation associated with ultramafic intrusives and VHMS copper-zinc-silver-gold mineralisation.

The prospectivity of the Koonenberry project for VHMS style mineralisation is indicated by the Grasmere and Peveril copper deposits (both owned by a third party) which occur in a similar terrane to the northwest and outside of EL6517. As at July 2006, the third party Grasmere and Peveril deposits were estimated to contain a combined Indicated and Inferred Resource of 5.75 Mt at 1.03% copper, 0.35% zinc and 2.3 g/t silver. Exploration work is reportedly ongoing at Grasmere and Peveril to test the along strike and depth extensions to the known mineralisation.

Previous drilling in the Koonenberry Belt, albeit outside of Meridian’s Koonenberry project, has also identified up to 10% disseminated sulphide mineralisation within an ultramafic peridotite intrusion. Whilst the known sulphide mineralisation did not contain economic base metal concentrations, its presence indicates that the necessary phases of magmatic activity have taken place in the surrounding area. As such the Koonenberry Belt should be considered prospective for magmatic nickel-copper sulphide accumulations.

Mithril vended these tenements in to Meridian Minerals.

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