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.

Figure: Tenement Plan – Orpheus JV Project, Fraser Range province

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.

Recent field work has confirmed three targets on E63/1281 and E63/1282 that require further ground work as a high priority, including two nickel sulphide targets and one gold target.

Target 1281_HeliTEM is an interpreted basement derived conductor identified through a reinterpretation of the airborne electromagnetic (HeliTEM) survey flown over E63/1281 in March 2013. Outcrops of metamorphosed mafic (gabbro), quartzite, intermediate to felsic gneiss, ironstone and very leached sub-crop have been observed in the vicinity of the anomaly. A detailed soil sampling program followed by ground based electromagnetic (EM) is planned over this target.

Target 1282_HeliTEM is an interpreted basement derived conductor identified through a reinterpretation of the HeliTEM survey flown over E63/1282 in March 2013.  Field verification of this anomaly confirmed it to be entirely under cover. Subcrop 200m to the south indicated the cover is not thick in this area. Ground based EM is planned over this target.

Target 1282_Gold is a gold in soil anomaly (up to 13ppb gold) identified from historic sampling associated with a well-defined northeast-southwest trending magnetic anomaly under thin cover. A detailed soil sampling program to determine the best locations for drill testing is planned over this target.

A conceptual drill target has also recently been identified at the Plato Prospect located within E63/1281 as a result of the review of existing geochemical, geophysical and drilling data, along with the nickel-copper mineralisation intersected in drilling (e.g. 62m @ 2,055ppm Ni, 596ppm Cu from 208m in PLRCD003). The host mafic intrusion is interpreted to extend to the southeast and intersect an east-northeast trending structure at a location coincident with a moderate broad mid-time ground EM response. A traverse of reverse circulation (“RC”) drilling with diamond tails has been planned to test this target.

On E28/2403, two conceptual magnetic targets that show strong features analogous to significant known magmatic nickel-copper sulphide deposits, were covered by a gravity survey on a 200m x 200m spacing.  These targets are a high priority for ground EM follow-up work.

For further details, refer to Apollo Minerals September 2017 Quarterly Report.