Astute Metals NL announces generation of high-priority IOCG targets

Astute Metals NL (ASX: $ASE) has announced the generation of additional high-priority IOCG targets at the Banks and Leichhardt West prospects within its Georgina IOCG Project in the Northern Territory. The geophysical modelling has revealed further high-density targets not yet tested by drilling, indicating proximal IOCG copper-gold potential. Drilling is scheduled to commence at Leichhardt East in mid-2024.

Executive Chairman, Tony Leibowitz, comments on the announcement

Following our recent success in defining a strong IOCG target at Leichhardt East, modelling of the existing geophysical and gravity data has now produced two additional compelling IOCG drill targets at Banks and Leichhardt West. These results have added significant value to the Georgina IOCG Project and represent one of the most compelling discovery opportunities in our portfolio. We are now moving ahead with plans to drill test these exciting new targets, with our initial focus expected to be on Leichhardt East because of its size and other defining characteristics. We are looking forward to moving this project to the drilling stage, in parallel with a new phase of drilling at our lithium claystone projects in Nevada, USA.

Summary of the announcement and outlook

Astute Metals NL has generated additional high-priority IOCG targets at the Banks and Leichhardt West prospects, demonstrating the company's commitment to advancing its Georgina IOCG Project. The geophysical modelling has revealed further high-density targets not yet tested by drilling, indicating proximal IOCG copper-gold potential. With drilling scheduled to commence at Leichhardt East in mid-2024, the company aims to capitalize on the compelling discovery opportunities in its portfolio. The identification of further high-density bodies with nearby drill holes possessing anomalism or mineralisation indicates clear potential for a nearby IOCG copper system at Leichhardt West and/or Banks. Astute Metals NL's focus on advancing these targets reflects its ambition to unlock the project's full potential and drive value for its stakeholders.