Petratherm Limited (ASX: PTR) is intensifying exploration across its Woomera and Mabel Creek projects in South Australia, both targeting significant Iron Oxide-Copper-Gold (IOCG) deposits.
The region mirrors the geology of globally important mining operations like BHP’s Olympic Dam and Carrapateena, positioning Petratherm to capitalise on the growing demand for copper and rare earth elements, critical for renewable energy and technology.
At Woomera, exploration at the Winjabbie South and Rocky Well prospects shows promising copper mineralisation, with drill results suggesting similarities to other high-grade IOCG systems. Meanwhile, the Mabel Creek project, covering 3,798 square kilometres, has revealed potential for rare earth and copper mineralisation, particularly at the Area 5 target.
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