OD6 Metals Limited has acquired one of Australias highest-grade historical copper mines

Oct 30, 2024

OD6 Metals Limited (ASX: OD6) announced a significant opportunity: the proposed acquisition of the Historic Gulf Creek Copper Project. This high-grade volcanogenic massive sulphide deposit is situated near Barraba in New South Wales and presents a compelling investment potential. The Historic Gulf Creek Copper Project, a high-grade copper-zinc VMS deposit, has a rich history of success. Underground mining at the site, which took place from 1896 to 1912, consistently yielded impressive copper grades ranging from 2% to 6.5%. The fact that the vertical and strike extensions are still open in multiple directions suggests significant untapped potential. The mineralization, which is linked to magnetite, and promising repeat structures to the north and west of the existing Gulf Creek workings, as revealed by geophysical studies, further underscore the project's potential.

With strong near-term catalysts, exploration at the Historic Gulf Creek Copper Project is set to begin imminently. The Company is fully permitted to initiate the Phase 1 drill program around the historical workings, marking the start of an exciting new phase for OD6 Metals Limited. This acquisition represents a pivotal moment for the Company, positioning it for rapid growth and opportunity in the resource sector.

 

 

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