NT Minerals Announces New Mining Opportunity in Yilgarn Craton, Western Australia

NT Minerals Limited (NTM) has secured a strategic exploration and ownership agreement within the highly prospective Archaean Yilgarn Craton of Western Australia. This strategic move positions NTM to capitalize on the region's renowned mineral content.

The agreement with 10M Pty Ltd offers a cost-effective opportunity to acquire a comprehensive asset encompassing an entire Greenstone belt, a geological formation renowned for its potential to host significant mineral deposits. This belt is particularly promising for copper, lead, zinc, and gold mineralization. By securing this asset, the Company aims to leverage its strategic position in a high-potential region, enhancing its exploration and development prospects in these valuable commodities.

The Twin Peaks Project, located in the Murchison Province of the Archaean Yilgarn Craton, represents a significant geological asset as it covers the entire Twin Peaks Greenstone Belt. This belt's stratigraphy is notably similar to that of the Golden Grove deposit, renowned for its rich Cu-Zn-Pb-Ag-Au mineralization. The Twin Peaks Project is strategically located 520 km north of Perth and about 200 km northeast of Geraldton. This opportunity encompasses a comprehensive portfolio of licenses and tenements, including one granted exploration license (EL59/2408), one exploration license application (ELA59/2871), one mining lease (M59/768), and one miscellaneous license (L59/202), collectively covering an area of 500 km². The tenements are situated over the known extent of the Twin Peaks or Illimbirrie Greenstone Belt, which stretches approximately 33 km along a northeast trend. This positioning offers significant exploration potential in a well-established mineralized region.

Historical mining at Twin Peaks has produced impressive high-grade copper results, with recorded grades around 16% Cu. Recently, the focus shifted to a trial mining program aimed at evaluating the iron ore potential within a portion of the project area, known as an excised mining lease. This recent activity underscores the project's multifaceted mineral potential, offering a comprehensive exploration opportunity.

NTM Managing Director Rodney Illingworth expressed enthusiasm about the agreement with 10M, viewing it as a significant opportunity for the company to explore copper and other minerals in Western Australia’s mid-west region at a minimal initial cost. He noted that the company would begin by reviewing historical studies and conducting fieldwork to validate past research and findings. This approach aims to maximize the potential of the new exploration venture while managing costs effectively.

The agreement grants exclusive rights for 12 months, with an option for extension at NT Minerals' discretion. NT Minerals will hold exclusive rights to all minerals discovered during exploration, excluding iron ore on M59/768. An annual fee of $25,000 is payable for a 50% direct interest in all licenses, contingent on the release of existing encumbrances. NT Minerals also has the right of first refusal on any disposal by 10M Pty Ltd. During the agreement term, NT Minerals is responsible for all tenement rents, fees, and related expenses.