Bushranger Copper-Gold Project – New South Wales
Highlights
Bushranger Copper-Gold Project – New South Wales
Highlights
Lachlan Fold Belt – New South Wales
The Bushranger Project occurs within the Rockley-Gulgong Belt of the Macquarie Arc within the Lachlan Fold Belt (“LFB”), also known as the Lachlan Orogen, which developed at the edge of the palaeo Australian Plate between 450 Ma and 380 Ma years ago. The Bushranger Project hosts the Racecourse Mineral Resource (512Mt @ 0.22% CuEq*, at a cut-off of 0.1% CuEq), and Xtract’s new discovery, the Ascot Mineral Resource (87Mt @ 0.22% CuEq*, at a cut-off of 0.1% CuEq).
The Lachlan Fold Belt is a highly mineralised terrane in an area of excellent infrastructure, and is home to world-class porphyry copper-gold deposits (e.g. Cadia-Ridgeway – 3.5Bt @ 0.26% Cu & 0.4g/t Au, North Parkes – 597Mt @ 0.58% Cu & 0.2g/t Au), epithermal gold deposits (e.g. McPhillamy’s – 69Mt @ 1.04g/t Au, Tomingley – 6.4Mt @ 2.0g/t Au) and Volcanogenic Hosted Massive Sulphide Deposits (e.g. Woodlawn – 7.2Mt @ 6.3% Zn, 1.9% Cu, 2.4% Pb and 0.5g/t Au).
New mineral systems continue to be found within the LFB, such as Alkane Resources Boda Copper-Gold deposit which was discovered in 2019 and Xtract’s own Ascot Prospect Mineral Resource discovered in 2021. The Boda mineral resource is reported as 624Mt @ 0.51g/t AuEq for 10.1 MAuEq.