HIGHLIGHTS
- First wide-spaced drilling program confirms heavy mineral sands (HMS) prospectivity of the Nilpinna Tenement – Eromanga Basin HMS Project, SA
- Assays indicate several samples with HM grades >1%, up to a maximum of 12.5%
- Laboratory sachet logging results indicate the presence of valuable heavy minerals (VHM) ilmenite, leucoxene, rutile and zircon
- Significantly, the Heavy Minerals occur in a marine sequence of unconsolidated sands (Cadna-owie Formation), interpreted as an extensive regressive strand plain with evidence of “still stands” potentially capable of forming significant HMS strand deposits
- Follow-up exploration in 2026 will focus on three (3) priority areas of potential VHM content, with ground truthing and ground magnetics to define further drill targets and possible extensions of identified mineralisation
Our strategy is to leverage our technical expertise to identify pre-discovery unrecognised value, build and drill test a pipeline of high-quality targets in top mining jurisdictions. I am pleased to see the first of these drill targets encounter encouraging heavy minerals on a proof-of-concept drill program. This drilling has identified a large previously unrecognised exploration space throughout the Eromanga Basin for HMS, to which Altitude is well placed to test.
Altitude’s consulting HMS expert Ian Warland inspects a sample during the drilling program.
Figure 1: Location Map of the Eromanga Basin Project
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