Our Projects
Opal Resources is actively advancing a portfolio of high-grade exploration projects with significant near-term potential
Our projects span both the USA and Australia
With a focus on key minerals such as silver, zinc, copper, gold and scandium.
01
Horn Silver Project (Utah, USA)
Ownership: Option agreement which provides Opal with 100% rights.
Minerals Focus: Silver, Zinc, Copper, Gold.
Description: The Horn Silver Project includes two high-grade prospects: the Horn Silver Mine Prospect, once the highest-grade silver mine in the USA, and the Copper Mountain Prospect. Historically, the Horn Silver Mine produced over A$1.5 billion in gross metal value. The project’s silver and zinc-rich oxide and sulphide ore presents a near-term growth opportunity, with extensive areas yet to be drilled. The Copper Mountain Prospect has shown promising copper and gold results, including 54m @ 1.4% Cu and 0.19 g/t Au from 46m.
Status: Advanced exploration with plans for immediate drilling post-ASX listing.
02
Olympus Project (Western Australia)
Ownership: Option agreement which provides Opal with 100% rights.
Minerals Focus: Scandium, Cobalt, Platinum Group Elements (PGE), Gold, Rare Earth Elements.
Description: Located in the West Musgrave geological province, the Olympus Project sits at a unique junction of three cratons, which has resulted in significant igneous activity. This project shows high potential for scandium, cobalt, REE and PGE mineralisation, with rock chip sampling results up to 1.16% scandium.** The project covers a 7km strike length of scandium anomaly and a significant PGE, gold, and cobalt anomaly, offering high-grade multi-element targets.
Status: Early-stage exploration with drill-ready targets.
**All scandium results were from a handheld Niton pXRF (XLt 500). Handheld XRF (pXRF) results are preliminary only. The use of spot pXRF readings only provides an indication of the order of magnitude of formal assay results. The scandium pXRF results that are noted were not submitted for laboratory assay for scandium.
