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Project : ROSEBY PROJECT - COPPER/GOLD RESOURCE

Mining
Exploration - Drilling
  Estimated Project Value
$ 20,000,000
Address North west of
Suburb Cloncurry
State QLD
Council Cloncurry Shire
Postcode 4824
Project Type Resource - Copper/Gold
Development Type New
Status Early
Stage Early Planning
Ownership Private
Notes
Additonal Encouraging Drill Results Recorded Additional Drilling Planned
Commence Date 4/6/2005
Completion Date 3/6/2010
Details
  • The exploration joint venture.
  • The company is working towards delineating an open-pittable resource within the exploration area.
  • Drilling at Bedford north and south continues to produce encouraging results.
  • Assay results are pending for recently completed drilling at Burke & Wills.
  • Additional drillig is required to test resources to depth of 200 metres approx.
  • Roseby has two joint ventures.
  • The Exploration Joint Venture is managed by Universal and has the right to earn 70% of this jv.
  • Universal intends accelerating its exploration and feasibility studies of the Roseby sulphide copper-gold project with the aim of completing the feasibility study as soon as possible.
  • A conceptual scoping study of a 2 milion tonnes per annum mining and treatment operatin has been undertaken by Universal with technical advice provided to and reports prepared for the company by various consultnats and contractors.
  • To define requirements for a fromal feasibility study to be undertaken in 2004.
 
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