The Tottenham Project –
COPPER – Sustainable future enabled

Copper is used in every major EV component. EV buses can use 16 times the copper of an ICE passenger vehicle.

EV Super charges rely on copper with expected growth of 250% globally reaching 20M charging points.

Global indications show substantial decline of ICE vehicle production with proliferation of EV putting pressure on copper supply.

Clean energy is reliant on copper. Renew-able power, on average, use up to 12 times more copper than traditional generators.

Solar energy requires 5kg copper/kilowatt and a 660kw wind turbine can contain 363kg of copper.

Copper is one of the few materials that can be recycled 100% over and again without loss of performance.

The Tottenham Project –
Overview

The Project is located in the Cobar-Girilambone district

in Central New South Wales, which is considered prospective for gold and copper.

The two primary deposits

Carolina and Mount Royal (which includes the Orange Plains Prospect), are situated within an under-explored and prospective land package containing 50 Km total strike length of a Volcanic Hosted Massive Sulphide (VHMS) copper corridor.

Tottenham comprises three granted Exploration Licences and three Exploration License Applications

(EL 6592, EL 6656 and EL 8384) and Three Exploration Licence Applications (ELA 6213, 6262 and 6265) covering an area of approximately 470km2.

The project comprises two Exploration Targets

at Carolina and Mount Royal with an exploration target of 7.4Mt @1.2% Cu and 0.4g/tAu, for 86,100 tonnes of contained copper and 90,600 ounces of contained gold with significant exploration upside.

Infrastructure in place

Access by sealed roads with unsealed shire roads accessing the interior. Rail access to Tottenham. Town with grid power, sealed airstrip and hospital.

Similar to that of the Tritton deposit to the north,

The Tottenham project lies approximately 100km to the south of the Tritton Mining operation.

The Tottenham Project –
Historic Producer

Mount Royal Mine circa 1918.

Note xopper ingots in right foreground.

Carolina Mine, early 1900’s, prior to railway constrution.

Copper first discovered at Carolina Mine in 1872. The Mount Royal – Orange Plains deposits were found in 1884. The Nelson – Underlay deposits were found in 1899.

The name Tottenham does not appear in early reports and is first used in records of the New South Wales Department of Mines in the Annual Report of the Department for 1908.

Major producers were Bogan River, Mount Royal – Orange Plains, Carolina and Ace. The most active period of production was between 1905 and 1917. After 1917 production continued at a lower level until 1930. In 1943 minor tonnages were won from the Mt. Royal, and Bogan River mines. There was minor production each year from 1946 to 1977 which came from small scale operations at the Mt. Royal, Bogan River, Underlay and Carolina Mines and from leaching at the Mt. Royal, Carolina and Underlay Mines.

Copper production is estimated to be 3907 tonnes with minor gold (4.5kg) and silver (24.1kg).

The Tottenham Project –
Exploration
Tottenham district geology and mineral deposits

Historical Exploration

LH Smart Pty Ltd was the first of the “modern” explorers in 1964. Subsequent explorers include Amad NL in joint venture with Lamadec Exploration Pty Ltd, and Le Nickel Exploration.

The more recent exploration effort commenced when Arimco conducted extensive geophysics and drilling between 1996 and 1998. Straits Resources Ltd. joint ventured into the project in 1998 and also pursued a programme of soil geochemistry, geophysics and drilling.

Mincor Resources NL acquired EL6592 and EL6656 in 2006. Mincor have since spent more than $6M on the project with widespread soil sampling; drilling; detailed airborne magnetics and electromagnetics; and resource calculations.

Bacchus Resources Pty Ltd. entered into a joint venture with Mincor in early 2017 with the view to drill, increase some resources and have the leases renewed.

Proposed Exploration

Post IPO, the company proposes to initially concentrate resource definition and extension drilling at the Carolina and Mount Royal / Orange Plains resources.

Larger diameter “PQ” diamond drilling will be undertaken at both deposits to obtain geotechnical and metallurgical data to assist scoping studies.

Exploratory drilling will be used in the Bogan River Mine to King Edward VII area to explore for additional resources in an area of previous drilling success.

Exploratory aircore drilling is planned to test prospective magnetic horizons to the south of the Carolina Deposit and about the Burdenda Prospect. Airborne electromagnetic surveys will be completed over areas currently not covered, particularly for extensions of the Collerina Deposit.

The Tottenham Project –
Carolina Deposit

Carolina Deposit

Exploration Target

3.4Mt at 1.5% Cu, 0.5 g/t Au for 52Kt Cu and 59Koz Au.

Substantial exploration potential exists at the Carolina deposit

as it remains open down plunge with significant strike potential that remains poorly tested by drilling.

High grade core and significant gold credits

Carolina is the most consistently mineralised deposit

and contains significant intersections such as:
  • 20m @ 2.1% Cu, 0.4g/t Au from 10m (CLRC004)
  • 2.18m @11.2% Cu, 2.8g/t Au from 184.6m (TMD002)
  • 1.35m @11.3% Cu, 2.1g/t Au from 236.9m (TMD015)
  • 4.19m @ 5.7% Cu, 1.6g/t Au from 190.8m (TMD017)

Carolina Deposit long section looking west (Mincor 2018)

The Tottenham Project –

Mount Royal Deposit

Mount Royal Deposit

Exploration Target
3.6Mt at 0.9% Cu, 0.3g/t Au for 34kt Cu and 30k oz Au.
Mineralisation occurs in two horizons
within the base of the Bogan Schist, dipping to the south.
There is significant exploration potential
with several targets identified in the geophysical surveys undertaken.
The gold mineralisation has proven
to positively correlate with copper mineralisation, providing significant gold credits.

The Tottenham Project –

Other Targets

Other Targets

Several historic prospects
have been drilled and returned encouraging copper-gold intersections that require further testing. Significant results include:

Bogan River 23m @ 3.09% Cu from 3m (TPRC043)

Underlay 3m @ 3.7% Cu 0.8g/t Au from 35m (TPRC045)

Burdenda 14m @ 0.31% Cu from 33m (TMAC003)
Outside of the known targets
there are multiple, poorly tested EM/soil/Magnetic anomalies and 50km of near surface mineralised horizon.

Tottenham area magnetic image and prospective horizons

Mount Royal Deposit

Exploration Target
3.6Mt at 0.9% Cu, 0.3g/t Au for 34kt Cu and 30k oz Au.
Mineralisation occurs in two horizons
within the base of the Bogan Schist, dipping to the south.
There is significant exploration potential
with several targets identified in the geophysical surveys undertaken.
The gold mineralisation has proven
to positively correlate with copper mineralisation, providing significant gold credits.

Other Targets

Several historic prospects
have been drilled and returned encouraging copper-gold intersections that require further testing. Significant results include:

Bogan River
3m at 18.1% Cu and 8m at 1.5% Cu

Underlay
2m at 3.7% Cu and 4m 1.4% Cu
Outside of the known resources
there are multiple, poorly tested EM/soil/Magnetic anomalies and tens of Kms of near surface mineralised horizon. This work has been undertaken with follow-up work required.