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Assay results from soil sampling at Mt Surprise Project show significant copper and base metal anomalies, extending the prospective exploration area for copper, cobalt, and base metal mineralization.
Zones of anomalous mineralization increase the number of priority targets at the project, which remain open in all directions.
Geophysical work has recently been completed to identify prospective structures and future targets, with results expected soon and fieldwork to test anomaly extensions and drilling targets to commence shortly.
Metalicity's highly prospective mineral exploration permit application (EPM 28 121) has been granted, expanding the potential exploration at its Queensland portfolio of projects.
Historical mapping at Georgetown identified multiple outcropping pegmatites and other felsic intrusives hosted in metasediments, and the area is considered prospective for various minerals, including lithium, gold, critical battery minerals, and base metals.
The company plans to commence fieldwork at its Georgetown project and re-start exploration at Mt Surprise in the coming weeks, following an unusually long wet season in Far North Queensland this year.