Altius

Mount Isa Zn-Pb-Ag-Cu Project

In December of 2018 Altius Australia Pty Ltd optioned its 100% interest in 3 granted Exploration Permits, the "Dajarra Project" to Teck for a 3-year $2.5 million earn-in option to earn a 75% interest in the project plus a 1% gross royalty retained by Altius.

The Proterozoic Mount Isa Inlier is host to multiple world class, sediment-hosted Zn-Pb-Ag deposits (including Mt Isa, George Fisher, Century, Dugald River and Cannington). The Inlier is Australia’s best-endowed Zn province with an overall endowment just over 125mT Zn equivalent contained in 14 deposits (Figure 2.). In addition to Zn-Pb-Ag, the same Proterozoic sequences are host to significant Cu deposits including Mt Isa, Ernest Henry, and Osbourne.

The Mount Isa deposits have been mined continuously since the 1920’s, and the broader region continues to support 3 Zn-Pb-Ag, and 5 Cu(Cu-Au) mining operations.

Altius’ permits were pegged in 2017 over high priority targets generated by the State-funded NW Qld. Mineral Province Study. They remain largely untested covering highly prospective stratigraphy under alluvial cover.

EPMs26515, 26519, 26520

The Dajarra Project targets Isa/Century style zinc-lead-silver mineralisation. The area is under cover interpreted to be mainly less than 150m. The target stratigraphy is interpreted to be Gun supersequence, situated in ideal CS2 or Wonga age structural sites.

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