The Conversation (0)
Redstone Resources (ASX:RDS) explores its 100-percent-owned highly prospective West Musgrave Project located proximal to OZ Minerals’ world-class Nebo-Babel nickel-copper-PGE sulphide deposit and Succoth copper (nickel, palladium) deposit, and Nico Resources’ Wingellina nickel-cobalt project. Redstone also has other pending tenement applications prospective for nickel and copper in the same region.
The unique Musgrave terrain has already drawn the interest of notable miners, such as OZ Minerals. OZ Minerals is progressing the development of its recently acquired Nebo-Babel nickel-copper-PGE sulphide deposit, which has been estimated to have a resource of 390 million tonnes grading 0.33 percent copper and 0.30 percent nickel, for 1.2 million tonnes of contained nickel metal and 1.3 million tonnes of contained copper metal (Mea + Ind + Inf – 2012 JORC). OZ Minerals was recently granted final regulatory approval to begin construction of the Nebo-Babel mine. Other discoveries and deposits in the area, such as the Wingellina nickel-cobalt deposit, indicate the potential of the West Musgrave region to become a significant base metal jurisdiction.
An experienced management team leads Redstone with decades of experience in the mineral resources sector, with expertise in mineral exploration, mining operations and corporate finance.
Company Highlights
- Redstone is an Australia-based mineral exploration company exploring highly prospective properties for copper and nickel in the West Musgrave region of Western Australia.
- The West Musgrave region has already drawn the interest of significant miners who have made significant discoveries, including the world-class Nebo-Babel nickel-copper-PGE sulphide deposit and the Wingellina nickel-cobalt deposit.
- Redstone’s projects are in close proximity to these existing projects, indicating the potential of the company’s tenure.
- The company owns 100 percent of the West Musgrave Project, which includes the Tollu Copper vein deposit.
- It has the right geological and structural setting for large magmatic nickel-copper sulphide deposits, VHMS deposits and other large intrusive related hydrothermal systems
- The Tollu Copper vein deposit is proof of a significant hydrothermal system on the project area.
- A strong management team leads the company with decades of experience in the resources sector.
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