The Anderson Project (EPM 11808) is a stand-alone exploration licence, covering a 15-kilometre section of the prospective May Downs Fault approximately 30 kilometres west southwest of Mt. Isa. It can be accessed from the north via the sealed Barkly Highway (north of Mt. Isa), Old May Downs Road, New May Downs Road, and various station tracks.


Historic exploration has focused on the Carters Ridge Copper Prospect in the southern area of the tenement which has had limited sampling and drilling conducted. These historic results are being verified to JORC 2012 standards and will be discussed in future announcements.

In the northern section of the tenement, there is an unexplained magnetic anomaly, proximal to an interpreted structure. This occurs at the oblique intersection of a major fault with undisturbed quartzite, suggesting a bedding parallel fault is present. The anomaly has not been drill tested.

EPM 11898 is perfectly pegged along the track of possible mineralised segments of the May Downs Fault Zone cutting the permissive ferruginous and silicified dolomitic clastics (Gunpowder Creek Formation). The fault zone could also have provided pathways for possible mineralised and magnetic A-type intrusives (Big Tory Granite or Sybella Granite).

Next Steps

Ironbark’s work program will begin with compilation of all historic information and ground truthing where required. Mapping and rock chip / soil sampling will be conducted over initial target areas. The historic magnetic (and other geophysical data) will be reprocessed to help ascertain the depth of the magnetic anomaly. If necessary further detailed geophysics will be conducted in order to delineate drill targets.