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Tenement acquired immediately adjacent to high grade polymetallic (Au-Ag-Zn-Pb-Cu) Achilles discovery, South Cobar, NSW
HIGHLIGHTS
Agreement executed for acquisition of tenement application ELA6755 - North Achilles
North Achilles is located within the Cobar district (NSW), well known for hosting outstanding high grade orebodies including the CSA copper (ASX:MAC), and the Peak and Hera polymetallic (Au-Cu-Ag-Zn-Pb) mines (ASX:AMI)
North Achilles is approximately 2km along strike from Australian Copper and Gold Ltd’s (ASX:AGC) recent Achilles discovery, which has returned drill intercepts up to 5m @ 16.9g/t Au, 1,667g/t Ag, 0.4% Cu and 15% Pb + Zn (ASX 04.06.2024)
The Achilles shear (which hosts the Achilles prospect) has been interpreted from geophysical imagery to continue north under shallow cover into the North Achilles tenement, indicating potential for further occurrences of high-grade polymetallic mineralisation
This underexplored tenement is located in one of Australia’s exploration hotspots and provides commodity and geographic diversity to Regener8’s portfolio of critical metal projects
Regener8 Resources NL (ASX: R8R) (Regener8 or the Company) is excited to announce the Company has entered into an agreement to acquire tenement application ELA6755, known as Achilles North. The key terms of the agreement are summarised in the Annexure to this announcement.
Managing Director Stephen Foley Commented: “Securing this tenement in a highly prospective and renowned location provides Regener8 with optionality and diversity into its portfolio. The Achilles discovery by AGC is extremely exciting with outstanding gold, silver, lead and zinc results and ongoing exploration from AGC and SER indicates that the potential for discoveries in the area has just begun to be realised. AGC have shown impressive leadership from their exploration approach through to community and stakeholder engagement. We hope to emulate their success across these aspects and create value for Regener8 and our stakeholders with our approach.”