Investigator Resources Limited

IVR

AU000000IVR6

Diversified Mining

Market Closed - Australian S.E. Other stock markets 01:59:51 2024-07-16 EDT			5-day change	1st Jan Change
0.053 ^AUD	+10.42%		+10.42%	+39.47%

01:33pm	Investigator Resources Hits Copper Mineralization at South Australia's Stuart Shelf Region	MT
05-31	Thor Energy receives new mineral resource estimate at Molyhil mine	AN

Investigator Resources Limited - Sediment Hosted Copper Drilled in Stuart Shelf

July 16, 2024 at 09:49 am

Investigator Resources Limited (ASX: IVR, 'Investigator' or the 'Company') is pleased to provide details of drilling undertaken by Discover Co on Joint Venture tenements in the Stuart Shelf, South Australia.

Note: Details in this announcement relate to results provided by Discover Co and are appended in full.

Readers are directed to refer to the Competent Person declaration and accompanying Table 1 within Discover Co's appended document for detail.

Highlights: 8m @ 1.06% Cu from 62m in hole PE046 (as reported by Discover Co in their appended release) Discover Co commit to $4M of expenditure over 4 years on transfer of Gold Road's interests Further drilling planned Investigator's Managing Director, Andrew McIlwain commented on Discover Co's results: 'Discover Co had executed an agreement with Gold Road Resources to acquire their interest in the Stuart Shelf which includes Gold Road's 51% interest in some of Investigator's tenements. 'In advance of the formal transfer of Gold Road's interests, in May 2024 Discover Co undertook a 56-hole drill program for an approximate total of 4,400m, of which approximately 25% was drilled on Investigator's Joint Venture tenements. 'Hole PE046 located on Investigator's Whittata tenement (EL6642) was reported by Discover Co as returning the best intersection of the program. 'Discover Co are expediting plans to undertake further drilling to test the scale of this discovery. 'Discover Co's primary focus in the Stuart Shelf is the discovery of Zambian Copper Belt style sediment hosted copper under shallow cove, and is expected to spend $4 million over 4 years within the Investigator Joint Venture tenements'.

Overview of the Joint Venture

In September 2020, Investigator's subsidiary Gawler Resources Pty Ltd entered into a 3-Stage Earn-In Joint Venture Agreement with then ASX listed DGO Gold. In August 2022, Gold Road Resources Ltd (ASX:GOR) completed the takeover of DGO Gold, including its subsidiary Yandan Gold Mines Pty Ltd, and the Stuart Shelf Earn-In to Joint Venture with Investigator. At the end of September 2023, Gold Road had satisfied the Stage 1 Earn-In commitment of $2M and accordingly a 51% interest in the tenements was transferred.

The recent drilling executed by Discover Co Pty Ltd on licences held by Gawler Resources Pty Ltd (Gawler) and Yandan Gold Mines Pty Ltd (Yandan) were completed pursuant to farm-in and joint venture terms executed by Discover Co's subsidiary Pernatty Co Pty Ltd (Pernatty). Investigator (Gawler) have recast the earn-in terms with Discover Co (Pernatty - who has the right to Gold Road's 51%) such that Pernatty by spending $4m over a 4-year period on the Joint Venture tenements can earn an additional 29% for a total equity interest of 80%.

Contact:

Andrew McIlwain

Managing Director

Investigator Resources Ltd

Tel: 61 (0) 8 7325 2222

Email: amcilwain@investres.com.au

Peter Taylor

Media & Investor Relations

NWR Communications

Tel: 61 (0) 412 036 231

Email: peter@nwrcommunications.com.au

About Investigator Resources

Investigator Resources Limited (ASX: IVR) is a metals explorer with a focus on the opportunities for silverlead, copper-gold and other metal discoveries.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	GOLD ROAD RESOURCES LIMITED	1.795 AUD	-0.83%	+0.28%	1.33B
	INVESTIGATOR RESOURCES LIMITED	0.053 AUD	+10.42%	+10.42%	51.53M

Latest news about Investigator Resources Limited

Investigator Resources Hits Copper Mineralization at South Australia's Stuart Shelf Region	07:33am	MT
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Investigator Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-15	CI
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Company Profile

Investigator Resources Limited is a metal exploration company. The Company is focused on silver-lead, copper-gold and other metal discoveries. Its projects include the Paris Silver Project, Molyhil Project, Greater Peterlumbo Tenement, Stuart Shelf, Uno Morgans, Curnamona, Tasmania, and Fowler Domain. The Paris Silver Project is located approximately 70 kilometers (km) north of the rural township of Kimba on South Australiaâs Eyre Peninsula. The Molyhil Tungsten-Molybdenum project is located in the East Arunta region of the Northern Territory, 220 kilometers north-east of Alice Springs. The Uno/Morgans Project is located approximately 85 km east of the Paris Silver Project. It has 700 square kilometers (km2) within the prospective Curnamona Province, including EL 5938 (Wiawera), EL 6253 (Olary), EL 6345 (Treloars), and nearby EL 6192 (Plumbago). It also holds a granted exploration license (EL2/2020) in the mineral-endowed Mount Read Volcanic Belt of North-West Tasmania.

Sector

Diversified Mining

Calendar

2024-09-04 - Q4 2024 Earnings Release (Projected)

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