Iron-oxide-copper-gold (IOCG) and Carbonatite related rare earth or copper deposits can often be of enormous economic significance. Examples include the giant Olympic Dam and Phalabowra deposits. Carbonatites can be a source of a wide range of economic mineral deposits including rare-earth-elements, uranium and base metals. Western Australia is host to a number of carbonatites including the Cummins Range and Mt Weld carbonatites.

Eyre, Australia (E69/2369, Base Metals,
Rare Earths, Uranium, GMM 100%)

GMM is targeting two distinct magnetic and gravity features which may relate to an iron-carbonatite, IOCG or a mafic intrusive. These prospects occur along a major lineament interpreted as a large splay fault off the Mundrabilla Fault. At the Eyre prospect, a ground magnetic survey conducted by the Company revealed a large distinct elliptical magnetic anomaly with a 700 nT magnetic high. This magnetic high is approximately 8km in diameter with an interpreted depth to magnetic source of approximately 580m. The presence of an alkaline environment, confirmed by nearby oil wells and Government water bores at a depth of 400m, confirms the prospectivity for carbonatite or IOCG related mineralisation. Teck Cominco is also targeting the region for IOCG mineralisation. The Eyre project is is located on Crown Land and Pastoral Leases with easy access from the Nullarbor Highway. The project is ready to drill.

Veevers, Australia (ELA 80/3986, Base Metals, GMM 100%)

The Veevers project is located in the Great Sand Desert in the north-east of Western Australia near the Northern Territory border. The project covers a large magnetic dipole anomaly (5km by 3.5km) on the flank of a basement (gravity) high defined by previous extensive geophysical surveys by CRA Exploration Pty Ltd. A single drill hole was conducted to test the anomaly. The hole was drilled to 432.30 m where it was abandoned due to drilling conditions. The target remains untested despite it’s prospectivity for carbonatite or IOCG mineralisation styles.

Webb, Australia (EL80/3887, Base Metals,
GMM 100%)

The Webb project is located in the Great Sand Desert in the east of Western Australia along the Northern Territory border. Previous work conducted by Geoscience Australia identified the Mt Webb Granites as having significant potential for IOCG mineralisation. Initial exploration by BHP defined a large 6 mGal gravity anomaly (3km by 6km) with an estimated depth to basement of 300m+ which BHP considered prospective for hematite IOCG mineralisation. Difficulties in negotiating access to the tenement for drilling led to the abandonment of the project. GMM has negotiated an access agreement that will allow drilling to commence on completion of a heritage survey.