IBML’s wholly-owned subsidiary, AuriCula Mines Pty Ltd, holds a 10% interest in two project areas south of Cobar in western NSW. The project areas have historic mine workings and are considered to have good potential for discovery of copper-gold resources. Exploration is being conducted by Cobar Management Pty Ltd (‘CMPL’), a subsidiary of Glencore.
For recent exploration results, please refer to the IBML Annual Report.
Location of AuriCula’s project areas