| Risk and valuation analysis of the Punt Hill Project |
| Status Risk : Early discovery |
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| Title(s) of the Punt Hill Project |
 | Monax Mining Limited
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Antofagasta plc
Option on interest: 51% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The Punt Hill farm-in
agreement (“the Agreement”) with Monax represents its first investment in Australia.
Under the agreement, Antofagasta can earn a 51% interest in the Punt Hill project by
committing US$4 million over four years.
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| Location of the Punt Hill Project |
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The Punt Hill project is located within the iron oxide copper-gold (IOCG) province of the
eastern Gawler Craton in South Australia, which hosts the Olympic Dam and Prominent Hill
mines, as well as the Carrapateena and Hillside deposits
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| Geology of the Punt Hill Project |
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The Punt Hill tenement contains numerous coincident/semi-coincident gravity and magnetic anomalies, which appear to be structurally controlled along a regional North-West Fault. Monax believes that Punt Hill is situated in the same geological environment as the Carrapateena discovery, Olympic Dam and Prominent Hill and therefore is highly prospective for copper-gold-uranium mineralisation.
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