Another area of potentially significant copper mineralisation for follow-up fieldwork has also been identified at the Milfor prospect immediately south-east of Hazelbrook. The target covers a substantial 1km-by-800m area, with previous rock-chip results showing up to 1.1 per cent copper in association with copper-sulphides.

The Havilah project lies in the Rockley-Gulgong Volcanic Belt of the Lachlan Fold and covers a highly-prospective area for copper, zinc and gold mineralisation. The area is part of the Macquarie Arc, a geological formation known for hosting world-class copper-gold deposits including Newmont’s Cadia-Ridgeway and Alkane Resources’ Boda-Kaiser discovery. According to management, the mineralisation at Havilah is associated with the Ordovician Sofala volcanics and is part of a significant porphyry copper system.

In addition to its operations in NSW, Golden Deeps holds the Abenab vanadium project in Namibia’s Otavi Mountain Land, a copper-lead-zinc and vanadium district. Immediately south of Abenab, the company is also sitting on a high-grade vanadium-copper-lead discovery at the Nosib prospect, with hits that include 53.5m grading 1.15 per cent copper, 0.62 per cent vanadium, 3.49 per cent lead and 4.57g/t silver.

Management says its ultimate goal is to build resources and advance developments toward becoming a producer of key metals such as copper and vanadium – essential metals for the global transition to renewable energy.

With its coffers now topped up from a fresh $1.78 million equity raising at 5.9c a share just a fortnight ago, Golden Deeps is well-funded for the ongoing exploration programs at Havilah that are likely to keep the interest of investors piqued.

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