Aeon Metals has upgraded resource figures at its flagship Walford Creek Copper-Cobalt Project in north west Queensland.
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Aeon said the 2018 drilling program at the project, located 70km east of Doomadgee, has confirmed the the geological model, the excellent stratigraphic continuity and the highly prospective nature of the Basin.
"The large strike extent of the currently known Walford Creek mineral system is unlike anything currently being drilled in Australia", the company told the ASX last week.
"The Aeon 2018 drill campaign identified mineralised copper, cobalt, lead, zinc and silver stratigraphy over approximately 10 kilometres."
The company's half year report to January 1 released March 15 said the prior six months had been an exciting time for the company with Australia's largest base metal drill campaign for 2018 completed at Walford Creek.
Between April and October 2018 Aeon completed 36,000m of drilling using three drill rigs with a view to upgrading the confidence level of the current JORC resource to facilitate project development.
Aeon is also progressing a feasibility study for mining and processing of the copper lode and cobalt peripheral resources.
The half year report said the feasibility study refines metallurgical process parameters set out in their April 2017 Cobalt Roasting Scoping Study which includes a concentrator to produce separate copper, lead and zinc concentrates and a roaster to produce a cobalt-rich calcine, sulphuric acid and possibly zinc and silver.
Aeon said it was working on a water management plan for Walford Creek and long-term kinetic leach test work.
Aeon managing director Hamish Collins said their priority was to advance Walford Creek towards the development of a world class base metals mine as well as continue to explore on priority exploration tenements.
"Aeon's near term strategy at Walford Creek includes advance the project towards a feasibility status finalising metallurgical test work, mining optimisation studes, environmental studies, infrastructure/logistic studies and product offtake assesssment," Mr Collins said.
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