Risk and valuation analysis of the REDBANK copper project |
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Title(s) of the REDBANK copper project |
| Redbank Copper Ltd Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Company acquired the Redbank Copper Project in December 2005. |
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Location of the REDBANK copper project |
The project is located in the Northern Territory McArthur River Basin, some 40km from the Queensland border and 50km south of the Gulf of Carpentaria
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History of the REDBANK copper project |
The tenements comprise Exploration Retention License (ERL) 94, Mineral Leases (Northern) 631 to 636 inclusive and Mineral Lease (Northern) 1108. Mine infrastructure and operating plant and equipment used to treat oxide ore were also included in the purchase.
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Geology of the REDBANK copper project |
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The majority of MCB rocks in the Redbank area are part of the Tawallah Group, a northwest dipping package of sedimentary, volcanic and carbonate rocks that is the lowermost unit in the MCB sequence. The Tawallah Group has a maximum thickness of 4,800m and contains all of the volcanic rocks in the MCB sequence.
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