Mt Isa Metals Limited is an Australian-base
Mt Isa Metals was incorporated on 15 June 2006 as a wholly owned subsidiary of ASX-listed D'Aguilar Gold Limited. Mt Isa Metals was created to hold and advance significant base metal and uranium targets identified by D'Aguilar's project generation group.
Following the grant of a high proportion of the Company's tenement applications in early 2008 the Company undertook
The Company has assembled a substantial portfolio of exploration tenements and tenement applications in North Queensland. The Board considers that the tenements are are highly prospective for the discovery of a variety of economically important deposit types including:
Exploration targets within the portfolio range from areas where no previous exploration has been conducted, so called "greenfield" targets, through to areas where prior exploration has identified substantial anomalies which remain to be fully assessed.
The Mt Isa region of north-west Queensland is noted as one of the world's most significant mineral provinces. The Company's interests in the Mt Isa region include in excess of 3,500 sq. km of tenements and tenement applications which include multiple geophysical targets, many of which have never been drilled.
The Company holds a direct 100% interest in the vast majority of its exploration tenements providing investors with a full exposure to any future mineral discoveries. In addition, the Company holds a 49% interest in two joint venture tenements with ASX-listed Syndicated Metals Limited.
The prime objective of the Company is to create shareholder value through participation in the discovery and development of world-class base metal and precious metal deposits.
The Board is of the view that the Company is best placed to achieve this objective by:
To support achievement of this objective the Company will:
The Company has recently announced an intention to predominantly focus its ongoing exploration activities on two core commodities - copper and gold.