Ben Turney tells Proactive that the new IOCG target is something “quite special” with characteristics similar to BHP’s massive Olympic Dam project.
Much work still needs to be done, he says, but the magnetic and gravity data indicate a very large body underground while the improvement in technology since BHP’s discovery is helping enormously.
Turney also explains it didn’t raise more than £750,000 in its recent placing despite the oversubscription because "it does not need the money at this stage".