• Mt Isa Region - Project Locations
• West Africa - Project Locations

Mt Isa Metals Limited is an Australian-based resources company focused on the discovery and development of copper and gold deposits in world-class mineral provinces.

Mt Isa Metals was incorporated on the 15 June 2006 as a wholly-owned subsidiary of D'Aguilar Gold Limited. The Company was created to hold and advance a portfolio of exploration permit applications in Northern Australia with a focus on the Mount Isa region. Following the successful completion of an Initial Public Offering (IPO) Mt Isa Metals Ltd was admitted to the official list of the Australian Securities Exchange on 22 August 2008 (ASX:MET).

During 2008 and 2009 the Company advanced its exploration projects in the Mount Isa region which is highly prospective for the discovery of a variety of economically important deposit types including:

• iron-oxide copper-gold (IOCG) deposits
• sediment and shear-hosted copper deposits
• sediment hosted silver lead zinc deposits
• skarn and vein breccia uranium deposits

Exploration successes achieved by the Company in the Mount Isa region included:

• the definition of a near-surface sulphide copper deposit at the Barbara Prospect,
• participation in the delineation drilling of a major phosphate deposit, and  
• identification (via initial drill testing) of the Gregory Project as a "live" copper system

In late 2009 the Board of Mt Isa Metals announced its decision to focus future exploration activities on two core commodities - copper and gold. The medium-term outlook for both commodities was viewed by the Board of Mt Isa Metals as robust.  

In conjunction with a simplified commodity strategy, the Company also announced that it had selected the Birimian Gold Province of West Africa as the preferred geographic location in which to expand its gold exploration activities. The Birimian Gold Province is host to more than fifty 1Moz+ gold deposits and presented numerous exciting exploration opportunities for the Company and its shareholders.

By May 2010 the Company had assembled a large portfolio of gold exploration permits in Burkina Faso, West Africa. Tenement area under option was reported in excess of 3,000km², providing Mt Isa Metals with one of the most significant exploration footprints of any company active in the region.

To the current day the Company continues to actively pursue mineral exploration in both the Mount Isa region of Northern Australia and, the Birimian Gold Province of West Africa. Together these two premier mineral provinces best define the ongoing exploration strategy of the Company which can be summarised as "Mount Isa Copper and West African Gold".

Corporate Objectives

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:

• focussing exploration on world-class mineral provinces (ie: those with a proven mineral endowment), and
• seeking some form of 'first-mover' advantage (primarily by exploring in areas that have received minimal prior effective exploration)

To support achievement of this objective the Company will:

• recruit and seek to retain high calibre personnel
• adopt a systematic approach to exploration
• seek to maximize in-ground expenditure as a proportion of the total budget
• reasonably recognise and value the interests of all key stakeholders that do business with the Company.

The Company has recently announced an intention to predominantly focus its ongoing exploration activities on two core commodities - copper and gold.