Koonenberry and Newmont JV initiate projects on Lachlan Fold copper-gold corridor

March 09, 2025 11:00 AM AEDT | By Team Kalkine Media

Koonenberry and Newmont JV initiate projects on Lachlan Fold copper-gold corridor — Image source: Shutterstock

Exploration Strategy

At the heart of the venture is an aircore drill program funded by Newmont, targeting Northparkes-like geophysical anomalies. These are primarily characterized by circular magnetic lows within broader magnetic high complexes. The initiative not only aims to uncover Northparkes-style porphyry deposits but also intermediate sulphidation epithermal systems, similar to those found at nearby operations.

Regional Geology and Prospects

The exploration focuses on the Fairholme Igneous Complex, part of the underexplored Junee-Narromine Belt, which features Ordovician basement geology. The region's geological characteristics, coupled with a relatively shallow cover, present an attractive scenario for potential mineral discoveries. The program's outcome is eagerly awaited, given the area's similarity to established mining locales.

Koonenberry's Strategic Position

Koonenberry Gold currently holds a controlling interest in Fairholme, with potential to expand further based on the results of ongoing explorations. The company's significant landholdings in New South Wales, amounting to 4,360 km² following recent expansions, position it strategically within a region that has seen substantial investments by major players seeking copper-gold deposits.

Outlook and Regional Importance

The collaboration between Koonenberry and Newmont exemplifies the broader interest in the Lachlan Fold Belt, a region that has attracted significant investment due to its potential endowment of copper and gold resources. As exploration progresses, the venture could yield insights that strengthen the area's standing as a critical mining hub, offering both a historical context and a glimpse into future possibilities.

The ongoing drill program at Fairholme represents a significant step in understanding the mineral prospects of New South Wales's Lachlan Fold Belt. The strategic partnership between Koonenberry and Newmont is set to explore further the economic potential of this underexplored area, potentially adding to the global copper-gold supply chain.

This collaborative exploration does not form any financial product advice. Interested parties are encouraged to seek independent advice before undertaking any financial endeavors.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.