Fraser Range

(Sirius 70% of Base Metal Rights)

The Fraser Range JV covers 400 kilometres strike extent of the Albany-Fraser mobile belt on the south-east margin of the Yilgarn Craton, south of Anglogold's/Independence's Tropicana gold discovery. The project contains mafic - ultramafic intrusive rocks of the Fraser Complex and is considered prospective for the rare but potentially giant intrusive-associated Ni-Cu-PGM deposits that are found within circum-cratonic mobile belts worldwide.

The project is a joint venture with prospector Mark Creasy. Sirius has a 70% interest in the base metal rights, with Mark Creasy retaining a 30% free carried interest to the completion of a bankable feasibility study. The base metal rights include nickel, copper, cobalt, zinc and lead together with platinum group metals (PGM's) and any other minerals found in association.

Much of the area is completely unexplored, but sulphides are reported to have been intersected in previous drilling in the southern part of the JV area adjacent to the Eyre Highway.

Geochemical surveys have commenced at five locations in the southern and central part of the area. Infill sampling of the Gnama South, Talbot and Talbot 1 areas has defined distinct Ni-Cu-Co soil anomalies. Initial drilling of these was completed in early May and results are expected by early June. Follow up soil sampling of other regional scale geochemical anomalies will continue throughout 2010 as time permits.

Fraser Range Project Location Plan Link to enlargement (168 kb PDF)

Fraser Range Project Tenements Over GSWA 500k Geology Link to enlargement (231 kb PDF)

Fraser Range Project Magnetics Link to enlargement (320 kb PDF)