Musgrave Minerals Limited Overview
Company Objectives and Strategy
Musgrave Minerals is a focused mineral exploration and development company applying modern-day exploration techniques and conceptual models to prospective gold and base metals regions of Australia.
Our core objective is to grow shareholder wealth through successful exploration and development of projects in the regions in which we operate.
Musgrave’s methods include early-stage exploration techniques and technologies that aim to delineate targets for near term drill testing, deposit discovery and resource definition and development. The application of airborne and ground geophysical surveys, along with ground-based mapping, sampling, and drilling programs, will be implemented and follow methodologies that have been proven successful at Cue and in other known mineral camps.
Musgrave Minerals has developed an exploration strategy that builds on the experience gained by key personnel exploring for similar deposit styles globally.
At the Cue Project, Musgrave’s objective is to increase the gold resources through exploration discovery and extensional drilling to underpin studies that will demonstrate a viable path to development in the near term. Musgrave has a strong track record of exploration success at Cue. Infrastructure in the Cue district is good with six operating gold plants within trucking distance of MGV’s high-grade gold resources.
The work of previous explorers in the Musgrave region, while limited, resulted in the discovery of the large Nebo and Babel nickel-copper deposit in the Western Australian portion of the region in 2000 (WMC Resources Limited). Although these deposits are not part of the Musgrave Minerals’ tenement package, they do demonstrate the potential of the region where the Company is looking for a partner to progress its land holdings.
The Company will carry out substantial drilling programs designed to discover and advance mineral deposits along a development timeline. The mineral deposits we seek are of high intrinsic value and when discovered and proven economic, would have the potential to generate high margins and significant cash from operations once developed.