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Eagle Mountain Mining (EM2) company profile

Eagle Mountain Mining (ASX:EM2) is a mineral exploration and development company, with two copper projects in Arizona. EM2 are currently focused on their recently acquired, 80% owned, Oracle Ridge Copper Mine which has a mineral resource (Canadian NI 43-101 standard) of 11.7 million tonnes at 1.57% Cu, 0.18g/t Au and 17g/t Ag. Oracle Ridge is an existing underground mine with significant infrastructure in place to support future mining development.

The key elements of EM2 strategy are as follows:

  1. Extend existing mineral resources at Oracle Ridge, with a focus on higher grade copper zones.
  2. Progress exploration for near mine targets including the delineation of the source of current mineralisation.  Given that skarn hosted mineralisation is typically derived from a porphyry system, geological work will focus on locating this system at depth.

Key outcomes if successful:

  1. Sufficient resources to support an appropriate production rate (1Mtpa) and initial mine life (>8 years).
  2. Discovery of new copper/gold mineralisation, including a potential porphyry system at depth which are typically very large, and are desired by major mining companies.


 

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