NT Projects Overview
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NT Projects
The Company’s Northern Territory Projects stretch across the Tanami-Arunta region, from Western Australia over 800 kilometres to Central Australia in the southeast, for a total Northern Territory land package of 40,668km2.
The tenement holdings cover a broad range of Proterozoic terranes in which the Company is primarily targeting ‘Tanami-style’ vein-hosted gold deposits.
In 2005, the Company acquired from AngloGold Ashanti its Eastern Tanami Project, thereby significantly increasing the Company’s tenure in the highly prospective Eastern Tanami Province which has a total gold endowment of over 11 million ounces.
The Company also holds significant tenure in the Arunta Province, where geological research and exploration conducted by Tanami Gold over the past 10 years has identified similarities between the widespread Lander Rock Beds sedimentary package and the Tanami and Tennant Creek host rocks to gold mineralisation. The vast Arunta Province is significantly under-explored, and this lack of recognition has allowed the Company to acquire a commanding land position over the most prospective parts of the Arunta for vein-hosted gold mineralisation.
The Company has identified four principal high ranking project areas within the Northern Territory Project with the potential to host significant gold mineralisation, which have been under-explored or have never been systematically explored for gold, and which are now emerging as potential new gold fields.
The main projects include:
- Eastern Tanami Project - tenements acquired from AngloGold Ashanti centred on the Eastern Tanami Province and former Northern Territory Joint Venture tenements previously managed by Barrick Gold of Australia Limited (Barrick).
- Lake Mackay Project and Yuendumu Joint Venture - 400 kilometres WNW of Alice Springs.
- Reynolds Range Project - 200 kilometres NW of Alice Springs.
- Ledan Corridor - 200 kilometres NE of Alice Springs.