Joint Venture Tenements

Araluen Project

  • The Araluen Project area covers 230km2 and abuts and covers the southern extents of the Braidwood Granodiorite, host of the Dargues Gold mine (AMI:ASX)
  • The project has a similar geological setting to the Dargues mine that has historically mined >300koz
  • NE/SW striking late faults
  • Same rocks and ages as Dargues
  • Preferentially located on the western margin of the Braidwood Batholith
  • Previously mined alluvial gold on NE/SW striking faults indicating hard rock gold source
  • Due to the nature of the mineralisation detailed field mapping is an integral first step for the Araluen Project

Hillside Project

  • Exploration has historically focused around the Shaw River, Smiths bore and Coondina Ta-Sn-Li fields where alluvial mining occurred.
  • Mitre’s Hillside Project geology fits the regional model of the Moolyella field;
  • Comprised of a series of early and late granites 
  • Relict greenstone belt marking the granite contacts
  • Preliminary field work undertaken by BellPark Minerals* has identified multiple late stage pegmatite occurrences and co-incidental anomalism
  • Proximal to Mitres project (12km West) these are associated with high grade Sn-Ta mineralisation at Coondina. This field was historically mined with workings up to 2.5km in strike
  • These pegmatites represent the initial high priority targets for follow-up 
  • * See announcement dated 23/11/2022 – MMC to acquire Prospective Lithium Tenements & placement

Mt Alexander Project

  • The Mt Alexander Project (E29/1167) is located on the western margin of the prospective Mt Alexander greenstone belt (GSB)
  • The belt has historically been associated with banded iron formations (BIF’s) and large tonnage magnetite projects (e.g. Mt Bevan and Mt Ida magnetite projects)
  • The Mt Bevan Eastern BIF unit crosses through E29/1167 striking NE/SW with significant historic rock chip assay results between 38-56% Fe and a target BIF unit of ~1.1km strike   
  • Recent pegmatite discoveries within the Mt Alexander Belt include;
  • Red Dirt Metals (ASX:RDT)
  • Saint George Mining (ASX:SGQ) 
  • Hawthorn Resources (ASX:HAW) 
  • The lithium occurrences within the Mt Alexander GSB reflects the potential of entire belt and highlights the prospectivity of Mitres Tenure