THERE was an increased interest in the North West Minerals Province among potential investors at the Mining Resources Convention held in Brisbane this week, the chief executive of an exploration company observed.
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Hammer Metals chief executive Alex Hewlett said the increase of interest of the region at the convention was probably because investors were looking for alternatives to bulk commodities that had fallen in value like coal and iron ore.
“The North West Minerals Province definitely has a bit more interest now, than the last couple of years,” he said.
“Definitely companies have been doing great work in this region.”
Mr Hewlett also noticed more positivity in Australia’s resource industry while at the conference. “It’s starting to show shoots of life,” he said.
Mr Hewlett spoke at the convention, with information including Hammer Metal’s drilling results at the Overlander North and South sites halfway between Mount Isa and Cloncurry.
Another round of drilling is being completed.
A total 1500 metres will be drilled in the total program, with the deepest holes being 300 metres.
It was difficult to tell how large the copper ore body will be until more drilling is done but it did have huge potential, the chief executive said.
Drilling at Kalman, another site six kilometres east, showed results of Molybdenum, Mr Hewlett said.
