Tottenham Project
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The Tottenham Copper Project
Resource Expansion Opportunities
The review will assess potential to grow the project’s resource base, following previous exploration success. Drilling conducted between 2021 and 2023 outlined a JORC 2012 compliant inferred mineral resource of 9.86Mt @ 0.72% Cu, 0.22g/t Au, 2g/t Ag at a 0.3% Cu cut off across the Carolina and Mount Royal – Orange Plains deposits. Notable high-grade intercepts suggest strong potential for further resource expansion.
JORC 2012 Compliant Resource
Carolina and Mount Royal – Orange Plains are situated within an under-explored and prospective land package containing 50km total strike length of a Volcanic Hosted Massive Sulphide (VHMS) copper corridor.
El Campo sits at the heart of a globally strategic corridor for rare earth elements. Just 1.4km from the Mountain Pass Mine, North America’s only active REE producer. El Campo offers immediate geological prospectivity and national relevance. With rock chip grades up to 12.1% TREO and a defined 860m mineralised horizon, this fully permitted target is ready for drilling in Q3 2025.
Carolina and Mount Royal – Orange Plains Deposits
Carolina Deposit
Mount Royal – Orange Plains Deposit
A thorough evaluation of all available geological and geophysical data, including geophysics, soil and rock chip sampling, and historic drilling, will form the basis for a near-term exploration plan. High-priority drill targets have already been identified.
Significant Exploration Upside
Overview
Mineral Resource Statement – June 2022
Locksley Resources is pleased to provide an initial, independent Mineral Resource Estimate, (MRE) for the Tottenham Project in central New South Wales.
The MRE supports the Company’s strategy of creating a strong resource base at the Tottenham Project. Both the Carolina and Orange Plains deposits remain open for expansion.
Competent Person
The Competent Person for the 2022 Resource is Mr Jeremy Peters FAusIMM CP(Geo, Min), a Director of Burnt Shirt Pty Ltd. The Mineral Resource estimate is stated in accordance with the provisions of the JORC Code (2012). Mr Peters has more than five years’ experience in the estimation and reporting of Mineral Resources for base metals mineralisation in Australia and overseas, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Peters consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears
Photo Gallery
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).
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.
