Projects

Map of Permits & Prospects 

Project Information 

The principal project at Rawbelle is the Greater Whitewash Project.

In addition there are 14 satellite prospects in the Rawbelle district near the town of Monto.  Four of these are under joint venture through the company, SLW Queensland Pty. Ltd.   SLWQ is owned 35% by AQR and 65% by SLW Minerals. SLWM provides the funding for this joint venture.

The company classifies these projects and prospects into the following:

DEVELOPMENT PROJECT - 1

• Greater Whitewash (242 Million Tonnes) - including Whitewash, Gordon’s, Whitewash South, Whitewash Southwest and Windmill Hill, a strike length of 5km and width of 1km.

NOTES:

1.  MoEq = Mo + Cu/3.8 + Ag*28.8  All elements are assumed to have the same process recovery of
     85%.

2.  Includes all fresh transition and weathered material.

3.  Two overall domains used for estimation, high grade >500 MoEq (500) and background >50 MoEq
     (GD_REM).

4.  Density = 2.73 in the granodiorite model (GD), 2.66 in the high grade domain (500) and 2.62 in the
     remaining.

5.  Hard boundary used between the 500 MoEq high grade domain and the combined GR, REM domain.

6.  This table is the total of Indicated and Inferred classifications.

7.  Estimation method is 5 element Multivariate Uniform Conditioning on 10 x 10 x 5m blocks from
     Ordinary Co-Kriging on 50 x 50 x 5m blocks.

8.  At the prices quoted and at the cut off reported (425ppm MoEq), and as shown in the table titled
     'Relative proportions of MoEq at 425ppm MoEq cut off by area' in the Summary Resource Report
     (refer ASX announcement 30/5/11), the Cu in-situ metal value is marginally dominant for all areas
     except Gordon's.

ADVANCED EXPLORATION PROJECTS - 5

• Kiwi Carpet                20 Drill Holes
• Juicy Fruit                     7 Drill Holes
• Noddy's Creek            4 Drill Holes
• Anomaly 7B                 3 Drill Holes
• Kildare (SLWQ)          3 Drill Holes

EXPLORATION PROSPECTS - 9

• Bucket Mountain   (Joint Venture)
• Bull's Eye   (Joint Venture)
• Trevethan   (Joint Venture)
• Anomaly 7B West
• Brumby Gully
• Brigalow
• Juicy Fruit West
• Juicy Fruit South
• Vegetation Anomaly

                           Project Profile Overall  (graphical explanation)

Salient Points

• JORC compliant resource already identified ~ 242 Million Tonnes with more than 76% of mineral
  classification indicated.
• SRK Consulting (expert consulting group) suggest that infill drilling should increase the resource
  base as the mineralisation is open in all directions.
• 62,000 metres of drilling completed  (26,000 Diamond and 36,000 Reverse Circulation).
• Excellent potential to expand the size and grade of the mineralised zone, target resource size
  500 Mt.
• Potential for early commencement of mining as high grade mineralisation is near surface with low
  strip ratio.
• Over 1,200 square kilometres under permit.
• In excess of $17M expenditure to date.
• Rawbelle is close to all infrastructure - road, rail, power, deep water ports with rail link, town, etc.
• Five high priority, very large advanced, exploration targets offer enormous up-side potential.
• Nine other Porphyry Copper and Molybdenum prospective zones already identified.

Geological Summary

The AQR prospects all lie within the Permo-Triassic Rawbelle Batholith.  The Rawbelle batholith represents a deeply eroded magmatic arc, in which Mo style porphyry intrusions might be expected to develop.  Older metamorphic rocks out crop to the east and Permo-Triassic volcanic and volcaniclastic rocks to the west.  Granitic rocks are locally overlain by younger sedimentary rocks such as the Precipice Sandstone to the east, as well as basalt and laterite.

The main project investigated to date is the Greater Whitewash Project (Whitewash & Gordon’s Resources) which has been subject to resource definition drilling.

At Whitewash, wall rock Mo-Cu porphyry style mineralisation is confined wholly within the host granodiorite as veins developed within pre-existing structures.

The Gordons mineralisation is of a carapace type, not unlike the setting of Climax-Henderson Mo porphyry mineralisation, developed at an apophysis in the polyphasal granite which varies from pegmatites to granite porphyry and deeper level crystalline equigranular intrusions.

The above conceptual model illustrating the geological model for the development of Mo-Cu mineralisation at Gordons (left) and Whitewash (right), to be developed further during continued exploration.

DEVELOPMENT PROJECT

GREATER WHITEWASH PROJECT

The Greater Whitewash Project is a JORC compliant resource of 242 million tonnes grading 604ppm MoEq, with the boundaries open in all directions.

Greater Whitewash includes the resources at Whitewash, Gordon's, Whitewash South, Whitewash Southwest and Windmill Hill:

A leapfrog model provides a good visualisation of the resource in a Plan View:

Or, in Long Section showing Target Areas for the potential increase in Resource Size:

ADVANCED EXPLORATION PROJECTS

KIWI CARPET

Kiwi Carpet is located approximately 15 kilometres to the North of Whitewash and about 15 km SW of the Cania goldfield where alluvial gold appears to have been derived from the erosion of conglomerate, although steep dipping quartz veins are also described.  Vertical drill holes have tested soil anomalies which are now interpreted by AQR personnel to be associated with steep dipping structures and extensive breccia.  Sulphides have been identified over a 7 km² area with associated copper anomalies.

The Kiwi Carpet porphyry copper area has had 20 drill holes which returned grades of copper similar to Whitewash.

The above map shows the location of Kiwi Carpet, Vegetation Anomaly and Noddy’s overlaying the magnetic data. Note the overall circular feature of the magnetic low, the very large area of magnetic low to the North West of Vegetation Anomaly and to the South East of Kiwi Carpet.

KILDARE PROJECT (Joint Venture)

The Kildare Project contains the Bucket Mountain, Kildare, Trevethan and Bulls Eye prospects.  Kildare is located in a separate tenement block approximately 22 km SSW of the Greater Whitewash Project where AQR has defined a 30 km² soil geochemical anomaly in which Mo-Cu and W anomalies have been identified in limited drilling to date. The area is locally obscured by laterite.

Recent drilling on the Kildare prospect has intersected a very large porphyry related hydrothermal system, or alternatively, a collection of inter related and overlapping porphyry related hydrothermal systems.

Three holes, were drilled over an area of 1.5km from north to south (see figure below).

The above map shows the position of the three drill holes relative to the magnetic data for the area i.e. 09BM001 at Bucket Mt, 09KD010 at Bucket Mountain North and 09KD009 1km to the north of Bucket Mountain North.

JUICY FRUIT

Juicy Fruit is approximately two kilometres to the North-West of the Greater Whitewash Project and like Whitewash, it has been the subject of an intense geochemical soil sampling program.

Juicy Fruit has been the subject of two preliminary drilling programs:  A 1970 program of 1 diamond hole (NS2) by the Queensland Mines Department and a 6 Hole 2008 RC program by AQR.  Results and mineralisation are similar to Whitewash.

Drill hole NS3 was drilled at Juicy Fruit  by the Queensland Mines Department near a soil sample that returned 0.12% Cu and 21ppm Mo.  This hole returned an intersection, between 21m and 25m, i.e 4 metres @ 0.14% Cu and 0.2% Mo.

The AQR drilling at Juicy Fruit has intersected Mo-bearing sheeted quartz veins in all 6 drill holes grading to 10m @ 488 ppm Mo and 0.11% Cu.  Hole 08JF005 assayed an aggregate of 25m @ 423 ppm Mo and 0.11% Cu.  The highest grade intersection was in Hole 08JF001 which intersected 6 mineralised zones with an aggregate intersection of 15m.  The highest individual intersection being 3m @ 0.18% Mo, 0.35% Cu and 4.2g/t Ag.

ANOMALY 7B AND ANOMALY 7B WEST

Anomaly 7B is located on the northern margin of the Auburn Complex 45 kms northwest of the township of Monto.  This prospect was identified by geochemical sampling conducted by CRA Exploration in1962.

Extensive geochemical soil sampling by AQR has delineated a large area of anomalous copper at 7B and also discovered a previously unknown but contiguous extension of the 7B area.  This new area has been termed 7B West.  The prospects have been given separate names as the predominant mineral is different.  The 7B area is predominately Copper while the 7B West area is predominately Zinc.

Kennecott drilled 3 short vertical rotary/core holes, at 7B, for a total of 45m in October 1971 (CR 4080).  These holes averaged between 0.1% and 0.2% Copper.  Logs recorded the rock type as being: “weakly mineralized, foliated quartz-diorite carrying disseminated fine grained chalcopyrite and rare traces of pyrite”.

The above map shows the location of 7B and 7B west overlaying the magnetic data

NODDY’S CREEK

Noddy’s Creek is situated approximately 6 kilometres north of Whitewash where reconnaissance work has located quartz vein float containing visible chalcopyrite and pyrite which yielded 15g/t Gold, 115g/t Silver, 0.17% Copper, 0.42% Lead, 70 ppm Arsenic and 390 ppm Molybdenum.

In addition, altered ferruginous granite assaying up to 0.14% Molybdenum, 0.6% Lead, 0.12% Copper and quartz veins assaying up to 0.71% Lead and 408 ppm Silver were located.

Noddy’s Creek has been the subject of 4 drill holes in two drill programs.

EXPLORATION PROSPECTS

BRUMBY GULLY

The Brumby Gully  prospect on the eastern side of the area of interest exhibits Au-Ag rock chip anomalies in an area of radiometric anomalism (U, Th, K) and in an area where pyrite has already been identified.  A single rock chip collected by CRA Exploration in 1992 and described as:  Porphyritic Partly Ferruginous K–Feldspar Adamellite with 350 cps total radiation count, assayed 0.12g/t Gold. 

JUICY FRUIT SOUTH

“An intense IP chargeability anomaly at Juicy Fruit South is typical of silica-sericite-pyrite (phyllic) alteration which might be expected in the vicinity of mineralized porphyry” (Corbett 2009).

BULL’S EYE (Joint Venture)

The Bull’s Eye prospect is a geophysical anomaly consisting of a circular exceptionally strong magnetic high with a very low magnetic core.

TREVETHAN (Joint Venture)

Trevethan represents a target about 5 kms from Kildare in the southern tenement in which reconnaissance to date has identified quartz stringers with grades to 30 g/t Au, although drilling is reported to have yielded Au grades to only 0.44 g/t Au.

VEGETATION ANOMALY

Vegetation Anomaly is a collection of vegetation that is different, much more healthy and greener, than the surrounding vegetation.  It appears from space as a circular feature.  It is along strike between Noddy’s Creek and Kiwi Carpet and corresponds to a magnetic low.  The geology is generally obscured by laterite.

BRIGALOW

The Brigalow prospect is approximately 1km north of Gordons.  Recent drilling intersected significant  mineralisation with the best intersection being 12m @ 488ppm Molybdenum and 0.15% Copper from 90m.  This recent drilling now strengthens the potential to increase the north to south strike length of the system to 5km.

Free Gold was also discovered in a gully at Brigalow during a stream and soil sampling survey. 

Follow up reconnaissance work at Brigalow has revealed a quartz stockwork system associated with massive Specular Hematite. This system appears to be high in Tellurium.