Talisman Mining will take 100% ownership of a potential global scale copper-gold opportunity confirming a binding agreement to acquire the Mabel Creek Iron Oxide Copper Gold (IOCG) project in South Australia.
The Company says the under-explored Gawler Craton project significantly boosts its copper-gold portfolio acquiring 3 licenses covering more than 1000 square kilometres in the under-explored Gawler Craton hosting the likes of BHP’s world class Olympic Dam and Oz Mineral’s Carrapatena & Prominent Hill Projects.
The strategic acquisition provides Talisman with exposure to Tier-1 deposit discovery potential in an extremely prospective area known to host multiple deposits concealed below cover” the Company said.
“[The] acquisition [also] further strengthens Talisman’s Australian copper-gold portfolio as it embarks on a potentially transformational drilling campaign at its Lachlan Copper-Gold Project in NSW”.
About Mabel Creek
The Mabel Creek Project contains prospective lithologies and a number of significant structures thought to be associated with Olympic Dam-style IOCG mineralisation and Gawler Craton-style gold mineralisation.
About the Mabel Creek Project
The Mabel Creek Project area was initially identified as part of the South Australian Government’s “Gawler Challenge” in 2020 and was identified by both the winner and runner-up of the competition as one of the most significantly prospective yet under-explored areas in South Australia for IOCG and Gawler.
