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
Porphyry Peak Project (Utah, USA)
Deal: Option agreement which provides Opal with 100% rights to acquire the Project.
Minerals Focus: Copper, Silver, Zinc, Gold.
Description: The Porphyry Peak 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.
Key Features: 101 Patented Mining Claims - approximately 6.3 km² (1,566 acres). The project’s silver and zinc-rich oxide and sulphide mineralisation 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 in drill hole FR18-007*.
Status: Advanced exploration with plans for future drilling.
02
Olympus Project (Western Australia)
Deal: Option agreement which provides Opal with 100% rights to acquire the Project.
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.
Key Features: This project shows 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.
*FR18-007 Drill hole source – AL8 ASX Announcement, 14/11/2018
**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.
Competent Persons Statements
The information on this website to which this statement is attached that relates to Exploration Results, Exploration Targets or Mineral Resources is based on, and fairly reflects, information and supporting documentation prepared by Patrick Say, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy.
Mr Say is a substantial shareholder and Director of Opal Resources and holds securities in the Company. Mr Say has a minimum of five years’ experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
Mr Say consents to the inclusion of the matters based on his information in the form and context in which it appears.
