With over 2,000km2 of prospective landholdings in the world’s largest base-metal province, Hammer’s Mt Isa targets include a range of early-stage greenfield prospects (with high-quality IOCG potential) to advanced development study projects. Mining studies are underway at Kalman, Jubilee, Overlander and Elaine JORC resources to assess development options.
Hammer has a 100% interest in Jorc Resources of copper, gold, molybdenum, rhenum, cobalt & iron
| Deposit | Tonnes Mt | CuEq % | Cu % | Au g/t | Co % | Mo % | Re g/t | Fe % | Comment |
| Kalman | 20 | 1.8 | 0.61 | 0.34 | – | 0.14 | 3.7 | – | 0.75% CuEq cut-off |
| Jubilee1 | 1.4 | – | 1.41 | 0.62 | – | – | – | – | 0.5% Cu cut-off |
| Elaine | 9.3 | 0.95 | 0.82 | 0.19 | – | – | – | – | 0.7% CuEq cut-off |
| Overlander | 1.8 | – | 1.20 | – | 0.05 | – | – | – | 0.7% Cu cut-off |
| Mount Philp | 30.5 | – | – | – | – | – | – | 39 |
- 51% HMX-owned
COPPER-GOLD & IOCG POTENTIAL
Jubilee Deposit
Less than 1km from the Barkly highway and 55km from Mt Isa, the Jubilee Deposit is part of the Mt Frosty Joint Venture (51% HMX and operator) with Mount Isa Mines (MIM, 49%) with a Maiden Inferred Resource Estimate of 1.41Mt @ 1.41% Cu & 0.62 g/t Au for 20kt Cu & 28kozAu.
The Jubilee deposit extends from surface with significant potential to extend the resource at depth and along strike. The Company has identified numerous greenfield targets 5km to the west at Black Rock & Sunset.
Kalman Deposit
Kalman is 100% HMX owned and is located 6km east from Hammer’s 100% owned Overlander project. Indicated and Inferred Mineral Resource Estimate of 20Mt @ 0.61% Cu, 0.34g/t Au, 0.14% Mo, 3.7g/t Re.
With open pit and underground potential, the deposit remains open at depth and along strike.
High-grade mineralisation is evident within the broader Kalman deposit, highlighted by drill intercepts including:
- 7.7m @ 23.4% Cu & 0.5g/t Au from 582m (K-106C)
- 53m @ 2.1% Cu & 0.5g/t Au from 695 (K-106C)
- 31m @ 1.0% Cu & 1.1g/t Au from 221 (K-53)
- 7m @ 0.3% Cu, 3.4% Mo & 57.3g/t Re, within 62m @ 0.65% Mo & 11g/tRe from 206m (K-132)
Overlander Deposit
Located 6km west from Hammer’s 100%-owned Kalman project, the Overlander Project has Indicated and Inferred Mineral Resource Estimate of 1.8Mt at 1.2% Cu (0.7% Cu cut-off) and a large mineralised system with 6km in strike length and significant copper grades from historical drilling.
Significant copper grades and thickness, including:
- 28m @ 1.90% Cu & 16m @ 1.90% Cu, within 75m @ 1.33% Cu (OVRC29)
- 27m @ 1.40%Cu, within 87m @ 0.74% Cu (OVRC30)
- 56m @ 1.40% Cu & 11m @ 2.40% Cu & 10m @ 1.60% Cu, within 89m @ 1.10% Cu (OVRC31)
Elaine Deposit
100% HMX-owned and located 5km east from Hammer’s 51% controlled Jubilee project with an Inferred Mineral Resource Estimate of 9.3Mt @ 0.82% Cu & 0.19g/t Au, drilling has identified broad copper mineralisation, highlighted by up to 206m @ 0.53% Cu (MKED011) & 159m @ 0.50% Cu from 503m (MKED007).
High-grade gold mineralisation is evident within the broader Elaine deposit with drilling intersecting up to 30m @ 6.73g/t Au from 508m (MKED009) & 26m @ 1.7g/t Au from 160m (MKED026).
