Transcript:
Peter Reid:
Hello. I’m Peter Reid from Petratherm.
I’m Petratherm’s, Chief Executive Officer I’m here today at the RIU conference on the Gold Coast, talking to investors, Petratherm is an explorer. We’ve got a very exciting portfolio of copper, gold and rare earth projects. We’ve particularly advanced our rare earth projects with two advanced prospects which I think are both at a point now where we can define resources in the coming months. These are high grade clay hosted rare earth over 1000 ppm of total rare earth oxide in the shallow clays they occur over thick they’re very thick and very shallow and I think we’re going to get very good tonnage potential there. We’re doing a lot of exploration in that area, too, because we know that these rare earths are associated with particular intrusions and those intrusions have magnetic signature. We’re testing a lot of these new areas too. So it’s a big exploration phase for our Rare Earth at Comet.
The other half of Petratherm is a very strong copper gold explorer. We’ve got a large ground position in the world class Olympic copper gold domain. We’ve got a number of drill ready targets there which are world class in terms of size and potential next to known and world class copper deposits. And we’ll be starting our drilling at Mabel creek, where we’ll be testing a gravity feature there. It’s about 2Km long. Very strong conductive feature there. Also found on the plank of that gravity body we’ll be testing in October and following that up then with some drilling of some of our copper gold targets in the central Olympic domain around Christmas time.
Website: https://www.petratherm.com.au/
