The Canbelego project is in joint venture with Oxley Exploration Pty Ltd (70 per cent interest), a subsidiary of Helix Resources.
The Canbelego project covers approximately 40km2 and is located 45 kilometres south-west of the Tritton operations. Tenement EL6105 covers a 10 kilomtres long, north-west trending magnetic complex, which is very prospective for base metal VMS deposits. Exploration activities have been focused on targeting mineralisation extensions below the historical Canbelego workings and regional geophysical and geochemical surveys to define regional targets within the tenement.
Significant intersections at Canbelego include 9m at 2.5% copper from 36m in CANRC001, 10m at 2.0% copper from 145m in CANRC002 and 15m at 1.1% copper from 140m in CANRC004.