Project Summaries

Lachlan Fold Belt

Mount Read Volcanics Belt

  


Project Summaries


Clancy Exploration Limited's portfolio of prospective exploration opportunities has exposure to copper, gold, nickel and base metals. Highlights include the following;

Lachlan Fold Belt Copper-Gold Projects, NSW

  • 12 NSW projects 100% owned by Clancy
     
  • Substantial portfolio of copper/gold porphyry Targets in the Lachlan Fold Belt, NSW.
     
  • Application of the Geoinformatics Process, in conjunction with Gold Fields Australasia Pty Limited ("Gold Fields") over the last three years to areas in the Lachlan Fold Belt, has generated a Target Bank of highly ranked Targets.
     
  • Three joint ventures with Gold Fields in the Lachlan Fold Belt, managed by Clancy and under which Gold Fields may contribute up to $5m of expenditure in the ground over three years to earn an 80% interest.

 


Mount Read Volcanics Belt Projects, Tasmania

  • Strategic alliance with Bass Metals Limited ("Bass Metals").
     
  • A portfolio of tenements consisting of 12 exploration licences in the Mount Read Volcanic Belt in Tasmania, jointly held with Bass Metals.
     
  • Base metals Targets generated by application of the Geoinformatics Process in the Mount Read Volcanic Belt.
     
  • Seven Tasmanian projects, 25% owned by Clancy, 75% owned by Bass Metals.
     
  • Bass Metals committed to expending $1.2m in 2007 on Targets identified by the Geoinformatics Process.
     
  • Clancy entitled to performance shares in Bass Metals based on exploration success.  

 

  
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