Recently, the Queensland Department of Resources, the University of Queensland and James Cook University – as part of that State’s New Economy Minerals Initiative – launched studies on the area where EV’s Khartoum project lies. The studies highlight the company’s Khartoum project as sitting in the centre of a significant area several times the size of the project itself and containing mineralisation styles with the potential to host critical minerals listed by the Australian Government.

EV also has its hands on two major sites in the South American nation of Peru at its flagship Parag and Don Enrique operations. The Parag project is some 145km north of the Peruvian capital of Lima and the Don Enrique copper-silver play sits about 260km east of Lima.

Parag delivered a recent intersection returning 18m at a peak grade of 1.7 per cent copper and 0.4 per cent moly from just 11m, contained within a wider 32m section going 1.2 per cent copper and 0.4 per cent moly from just 3m below the surface. The prospective porphyry projects feature considerable moly grades comparative to many of the globally-significant high-grade operating deposits.

The metal has now climbed to a dizzying US$22.89 (AU$33.99) per pound – or US$50,635 (AU$75,191) per tonne. It is more than five-times that of the also strongly-performing copper price that sits near all-time highs.

EV also plans to drill a 2000m program at Don Enrique, beginning next month. The company recently picked up an additional 1000 hectares at the exploration license after identifying a chargeability high up to 1500m in length and some 300m in width.

Importantly, the chargeability high increases in strength at depth and dips to the west into the new tenements.

EV’s latest high-grade copper rock chips have yet again identified more porphyry prospectivity for a company that now has big porphyry-type copper targets in both Australia and Peru. Multiple chances at scoring a big prize such as a copper and moly porphyry deposit is a mouth-watering concept likely to have the market watching on to see how the multi-continent copper story progresses.

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