Menu Board Room
Radio
+61 8 9423 9777

LAKE MACKAY REGIONAL

LAKE MACKAY REGIONAL PROJECT ALLIANCE WITH INDEPENDENCE GROUP

ABM acquired the Lake Mackay Project area from Tanami Gold NL in late 2009. The area, at the time of acquisition, consisted mainly of exploration license applications. Through negotiation with the traditional owners, via the Central Land Council, ABM successfully entered into exploration access agreements and licenses were subsequently granted. ABM has conducted initial scout drilling programs in the area but due to the Company’s focus on the Twin Bonanza Gold Camp (including the Old Pirate Gold Project) located some 300 kilometres to the north of Lake Mackay the Company opted to find a suitable partner for Lake Mackay.

In August 2013, ABM announced that it had entered into an alliance agreement with Independence Group NL (“IGO”). IGO is currently in the initial option phase where it is spending $1.6 million to earn the right to enter into a joint-venture. Rather than focus around known occurrences, IGO has elected to build a regional picture of the geology and geochemistry. Independence Group has conducted initial drill testing of targets.