Kookynie (Consolidated Gold)
Asset Summary
| Asset | Kookynie (Consolidated Gold) |
|---|---|
| Interest | A $1/t Ore Production Royalty (with gold grade escalator) |
| Commodity | Gold |
| Location | Western Australia, Australia |
| Stage | Exploration |
| Counterparty | Arika Resources Limited & Genesis Minerals Ltd |
| Additional Notes | Royalty = A$1 / Tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne - 5) x 0.5)+1) |
Asset Highlights
- The Kookynie tenement hosts ~50koz of pre-JORC 2012 Mineral Resources. Historic production from the tenements was approximately 360koz of gold.
- Excellent exploration upside in current resources and additional lines of mineralisation.
- Kookynie has not been subject to any intense exploration over the last 25 years. Metalicity, under their proposed farm-in, are carrying out an initial work program focused on drilling and extending/upgrading six current resource targets to JORC (2012) compliancy.
- An October 2019 three-hole drill program returned the following results over the Kookynie project:
- 9m @ 7.31g/t Au from 34m and
- 4m @ 10.4g/t Au from 39m.
- Further information can be found at this website: https://www.metalicity.com.au/.
