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Intra Energy Corporation Limited ( (AU:BTM) ) has shared an announcement.
Breakthrough Minerals has completed the 100% acquisition of the North Queensland Copper-Gold Project in Queensland’s Mt Isa region, securing about 952 square kilometres of granted exploration tenure and over 21 square kilometres of mining leases near existing processing hubs. The project carries a global mineral resource estimate of 18.8 million tonnes at 1.07% copper equivalent, supported by existing infrastructure including a 70-person camp, freehold property and mining equipment.
Historical drilling outside the current resource points to strong growth potential, with multiple high-grade copper-gold intercepts underpinning a strategy to expand the resource and pursue near-mine and regional targets. Following quarter-end, drilling commenced at the Barbara Copper-Gold Project and planning advanced at the Hazel Creek Project, while the appointment of managing director Nigel Broomham positions the company to accelerate exploration and potentially enhance its standing in the copper-gold sector.
More about Intra Energy Corporation Limited
Breakthrough Minerals Limited is an Australian exploration company focused on copper and gold projects, with a key landholding in the Mt Isa region of North Queensland. Its portfolio includes the North Queensland Copper-Gold Project, which hosts an established global mineral resource and benefits from proximity to major third-party processing infrastructure operated by large mining groups.
Average Trading Volume: 316,970
Technical Sentiment Signal: Sell
Current Market Cap: A$30.45M
See more data about BTM stock on TipRanks’ Stock Analysis page.