Summary

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Redbank Copper is an Australian based ASX-listed resource company (ASX:RCP) focused on the development of the copper project located in the Northern Territory.

The Company has a significant ground position of 5,167km2 of tenements within the McArthur Basin region. The region hosts significant economic copper mineralisation and is highly prospective for copper, cobalt, phosphate, manganese and uranium.

The tenement package includes numerous advanced copper targets and has an indicated JORC resource of 2.76 million tonnes at 1.6% copper for 43,100 tonnes of copper metal and a total inferred and indicated resource of 6.24 million tonnes at a grade of 1.5% copper for 95,900 tonnes of contained copper metal.

The Board of Directors of the Company will shortly seek to carry out an initial exploration program to firm up the known resources of the Redbank Copper Project. The initial focus will be on exploration drilling. Development and feasibility work will then follow which should allow the establishment of a JORC defined reserve.

The Company will provide further updates in due course.

 

 


 

 
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