Arden Project Located some 3.5 hours’ drive north from Adelaide, the Arden Project hosts 1,664km2 of unexplored Sedimentary exhalative (SEDEX) mineralisation. Results from initial exploration at Ragless Range, Kanyaka and Radford Creek targets have unearthed promising prospects for large scale copper and zinc deposits.
The Bonaventura Project sits in the northern part of Kangaroo Island and covers highly prospective geology and historic mines along 30 kilometres of strike of the regional-scale Cygnet-Snelling Fault with a total licence area of 415km2. Bonaventura has several high-grade zinc and gold targets that are drill–ready. Covering highly prospective geology, drilling at Bonaventura Project will focus on its Dewrang Target, Grainger Target, Vinco and Kohinoor Target’s, encouragingly, previous drilling at Bonaventura hit high-grade zinc intersections.
South Australia exports almost one-third of Australia’s mined copper and over half of Australia’s
mined uranium. Mineral exports are the largest export sector in South Australia totalling $3.4billion and accounting for 29% of total state exports. By 2030, South Australia will be the major contributor to Australia’s position as the world’s third-largest copper producer.
South Australia remains a highly attractive destination for investment in the minerals sector achieving 14th place globally for Investment Attractiveness in the respected Fraser Institute Annual Survey of Mining Companies in 2017.
The state has consistently received accolades for exceptional provision of accessible precompetitive geoscientific data through the online SARIG application, and has achieved the highest global ranking for geological databases that encourage investment.
The state government recently invested $660 million dollars redeveloping the Port Pirie base metals smelter, transforming the facility into an advanced polymetallic processing and recovery facility. Significant quantities of refined lead, zinc and silver are exported from the Port Pirie mineral processing facility.
Arden and Bonaventura are located in the Adelaide Geosyncline, a major rift complex that formed during the break-up of the supercontinent Rodinia. Both projects contain significant areas of Cambrian-aged sedimentary units, which are the host units of all known Sedex-style mineralisation.
Bonaventura also covers a major regional fault the Cygnet – Snelling Fault which hosts the potential for high-grade gold and base-metal mineralisation.