Alderan Resources Limited (ASX: AL8) announced the successful reacquisition of 100% ownership of the Frisco Copper Project in Utah, USA, following the termination of the option agreement with Kennecott Exploration Company (KEX), a subsidiary of Rio Tinto. The project has yielded significant results, with notable drill intersections such as 4.9 meters at 6.72% Cu within a broader interval of 43.6 meters at 1.69% Au (DDH8) and 12.2 meters at 3.31% Cu within 22.9 meters at 2.06% Cu (R14).
Furthermore, a drone magnetic survey conducted by KEX has unveiled unexplored magnetic low features resembling the Cactus breccia magnetic low anomaly. Alderan is currently evaluating its options and determining the next steps for the Frisco Copper Project, taking into account the substantial potential revealed by these exploration activities. With full ownership restored, Alderan now holds an exclusive 100% interest in the project, allowing for increased flexibility and control over future operations.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
