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Large Scale Copper Project in the Making with Low Exploration Risk

Duke Exploration Ltd (ASX: DEX) company profile

Duke Exploration Ltd (ASX: DEX) is a mineral exploration and development company, with a 100% interest in the flagship Bundarra copper project in Queensland. The mineral field was recognised as the highest-grade copper district in Australia in the 1800s; there are 47 historic workings, including underground mines, across the tenement. DEX listed on the Australian Securities Exchange in Nov. 2020 after raising $8m.

The key elements of DEX strategy are:

  1. Develop an indicated (+inferred) mineral resource at the Mt Flora deposit to allow feasibility studies to be undertaken
  2. Discover and delineate new mineral resources from the currently known as well as newly defined drilling targets
  3. Drill the more conceptual exploration targets on the Prairie Creek Project and the Red Hill Project.

The key outcomes if successful are: 

  1. Validation of the geological model and increased prospectivity at the Bundarra project
  2. Large scale mineral resource project likely to attract the interest of Australian mid-cap companies such as Sandfire Resources (ASX: SFR)
  3. Potential outcomes are company maker or take-over target

The initial exploration results bode well for the success of Duke’s strategy.



 

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