In contrast to most micro-cap explorers’ Korab group has been utilising recently developed exploration strategy which can be termed “Mineral Systems” approach. This philosophy centres on applying the understanding of the mineralising processes in a predictive capacity, rather than utilising a purely empirical approach. It is a method focusing on ‘why’ mineralisation occurs and ‘where’ it should occur under various geological conditions. This is in contrast to a traditional approach which largely targets only geochemical or geophysical anomalies. The “Mineral Systems” approach has several benefits. It enables Korab to explore for several styles of mineralisation as opposed to focusing on a single mineralisation model. In addition, Korab increases the chances for discovering an entirely new zone, or a different style of mineralisation by utilising all available data in a more holistic fashion.

Ashburton Downs project - WA
Ashburton Downs is significant new copper complex in the Ashburton Basin just 20 km south of Paraburdoo. This project covers Green Elephant Complex comprising North Mount Elephant, Green Elephant, East Elephant and Mount Elephant. Green Elephant copper anomaly covers two square kilometers (2,000,000 square meters) with some 970,000 square meters of visible copper mineralisation and with multiple assays grading 5% to 20% copper. Several trenches cut through the area averaged between 3% and 5% copper. Additional four trenches averaged greater than 5% copper. Mount Elephant assays returned up to 45% (450,000 ppm) copper. EM surveys show 2.5 km long conductor coinciding with high grade copper assays.

The setting and the mineralisation style of project bears close similarity with those of the Zambian copper belt where similar rock types host the copper mineralisation. Korab believes it is highly likely that our 5 copper anomalies, which cover an extensive area, form part of the same mineralised structure. The extent of the mineralisation can only be determined following extensive drilling, however the initial, early stage exploration results highlight the potential for the to be one of Australia’s most exciting copper prospects. (click here for diagram)

Korab's drilling program

Rum Jungle's Batchelor and Green Alligator Projects
Batchelor and Green Alligator projects are located in the Rum Jungle Mineral Field in the Pine Creek orogen of the Northern Territory, 70 km south of Darwin. Past exploration shows that target stratigraphies at Batchelor and Green Alligator projects in Rum Jungle Mineral Field have a potential to host gold, tin, copper, lead, zinc, phosphate, rare earths, nickel, cobalt and banded iron formations. (click here for diagram)

Tucker Creek project - WA
Tucker Creek project is located in the Gascoyne region of Western Australia, 25 km from West Coast Highway and 100 km from the coast. The area under exploration is prospective for copper, lead, zinc, gold and other minerals and has recently attracted interest from FMG and RIO (see diagram below). Korab has acquired past exploration data for the project area and evaluation of this data is nearing completion. Early results indicate significant potential for polymetallic deposits as well as potential for commercial quantities of other minerals. (click here for diagram)