The Fraser Range Project

Apollo Minerals has a 70% interest in the nickel, copper and gold prospective Orpheus JV Project in the Fraser Range province in south eastern Western Australia.

The Orpheus JV Project area consists of four tenements covering over 600km² in the most prospective part of the world class Fraser Range exploration district, host to Independence Group’s (ASX: IGO) major Nova nickel and copper deposit. Apollo Minerals is required to sole fund all activities on the Project until completion of a Bankable Feasibility Study.

The Fraser Range province is highly prospective for nickel, copper and gold, and has attracted significant exploration since the discovery of the Nova deposit in 2012. The Project is strategically located along strike and mid-way between the Nova deposit to the northeast and Independence Group’s Crux nickel prospect to the southwest.

With the exception of E63/1281, where previous work has identified disseminated nickel–copper sulphides in fertile mafic intrusives, minimal effective exploration has been undertaken over much of Apollo Mineral’s ground holding. A number of priority targets, both empirical and conceptual have been identified that require ground follow-up, including two airborne EM (HeliTEM) anomalies that had not been previously identified. A conceptual drill target has also been identified at the Plato Prospect located within E63/1281. A number of the targets identified are analogous to significant known nickel-copper sulphide deposits and exploration work programs have been designed to assess these targets