The Company also holds exploration titles some 400 kilometres east of Broken Hill in the Cobar Basin, a prolific base and precious metal producer over many decades.
AML controls 100% of two exploration licences (EL 8579 Tindery and EL 8494 White Tank) and is currently earning an interest in a third licence EL 8136 (Wilga Downs). The three Cobar licences are part of the Cobar mineral province and considered to be prospective for base metals and gold.
Hosting several geophysical anomalies, AML has conducted geophysical surveys and drilling at Wilga Downs and follow-up drilling is planned to test a series of magnetic anomalies which may host copper-gold mineralisation.
The Company recently completed preliminary assessments of several airborne electromagnetic (EM) anomalies within the Tindery licence with reconnaissance geological mapping and rock chip sampling undertaken. Further RAB drilling is required for geochemical assessment due to the poor outcrop.