Cosmo Metals, an Australian Securities Exchange (ASX)-listed gold and base metals exploration company, has acquired the Bingara and Nundle gold–antimony and copper exploration projects in the New England Orogen of New South Wales (NSW), Australia.
Covering an area of 743km², the projects span regions identified by the NSW Mines Department as having the highest antimony-gold potential in the state, excluding the nearby, globally significant Hillgrove Project owned by Larvotto Resources.
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The Bingara Project, with a contiguous area of 484.1km², includes two north-south mineralised trends along the Peel Fault system.
The Nundle Project, covering 259.1km², also contains key prospective target areas along the Peel Fault.
High-density light detection and ranging (LiDAR) and high-resolution imagery capture survey, which provides a detailed digital terrain model to guide future exploration activities, has been completed across the projects.
Cosmo Metals is now shifting its focus to implementing its exploration strategy across these projects.
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By GlobalDataCosmo managing director Ian Prentice said: “Cosmo is delighted to complete the acquisition of the Bingara & Nundle Projects and excited to commence our exploration at these underexplored assets, which feature several substantial historical mines.
“The Hidden Treasure – Spring Creek Trend presents compelling first-pass drill targets as a follow-up to previous shallow and high-grade gold drill intercepts. This is just one of many prospects across a 743km² land package, which is hosted in the New England Orogen, host to many of Australia’s most valuable gold, antimony and copper deposits.”
The technical team from Cosmo, during a site visit in the option period, confirmed the presence of largely untested mineralised systems at Bingara and Nundle. The LiDAR data is expected to aid in discovering potential extensions of these systems.
Initial on-ground activities are focusing on key target areas at Bingara, particularly the Hidden Treasure – Spring Creek Trend.
Further geological mapping and sampling are planned at the Spring Creek area to refine drill targeting and understand the controls on mineralisation.
Additionally, an initial phase of mapping and rock chip sampling is proposed for the Evans and Corrigan target in the north-west of the Bingara Project to assess historical workings and potential mineralisation.
In August 2024, Cosmo expanded its mining operations with the acquisition of two tenements at the Kanowna gold project in Western Australia.
