Diversified mining development and minerals exploration company Battery Minerals Limited has agreed to acquire the Russell Copper Project near Halls Creek in WA’s Kimberley region.
Battery Minerals said the project will be acquired from iCopper Pty Ltd, a syndicate in which Indigenous Kimberley residents are 47% shareholders.
Russell comprises a 258sqkm tenement package with historical exploration data indicating a copper-bearing trend over 8km
Battery Minerals’ Executive Chairman David Flanagan described the acquisition as an ‘outstanding opportunity’ for the company.
“It means we have a large tenement package in the highly prospective Halls Creek tectonic zone, which is one of WA’s few remaining under-explored mineral provinces,” he continued.
“The very limited exploration undertaken there highlights the enormous potential, with strong evidence of a significant mineralised system over a large area.”
As part of the agreement, Battery Minerals has also gained the benefit of pre-existing access agreements with Traditional Owners in support of active exploration.
This is significant, Mr Flanagan said, as the company believes significant areas of the project remain under-explored.
“Having the support of the local community is also a huge advantage and we look forward to generating exploration success which will benefit them,” he concluded
