Musgrave Minerals Limited Overview
Company Objectives and Strategy
Musgrave Minerals is a focused mineral exploration 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 drill testing in the near term. 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 in 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 and copper resources through discovery and extensional drilling to underpin studies that will demonstrate a viable path to development in the near term. There are four operating gold plants within trucking distance of high-grade gold resources at Cue.
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.
Exploration in the southern Gawler Craton has intensified in recent years following the discovery of high-grade silver in the district where Musgrave has the wholly owned Corunna project. Corunna is prospective for silver-zinc-lead and copper-gold mineralisation.
We 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, if discovered and proven economic, would have the potential to generate substantial long-term cash flows from operations once developed.