EV Resources has planned several drill holes (blue dots) within high priority targets (red circles), mostly focused in the southern Boulder area.
EV Resources has identified multiple tin targets at its Khartoum project, which it plans to begin drilling in May.
Khartoum was acquired by EV Resources (EVR) – then Jadar Resources – in October 2021. The project, located 100km south-west of Cairns, Queensland, Australia, is home to a number of former mines.
In recent months, EVR has been conducting exploration work at Khartoum. Efforts were focused in areas between strong tin signatures in order to determine the lateral extent of mineralisation. Results indicate that greisen alteration – commonly associated with tin – is more widespread than previously thought.
In the Boulder area of Khartoum, EVR believes it may have found a potential deposit with economic tonnages. 19 of a total 35 greisen outcrops have a mapped area of more than 1,000m2, and the high grade outcrops are associated with historic workings. At the time of working, tin grades below 1% would have been uneconomic; the company believes there is plenty of tin in the ground still.
Based on this work, EV Resources now plans to begin a 3,000m drilling campaign in May 2022. This work will focus on the Boulder area, expanding the mineralisation footprint established by previous drilling – both laterally and at depth. 12 additional, high priority greisen targets, with no previous exploration, will also be drilled.
Our view: EV Resources has already agreed offtake terms with the Thai smelter Thaisarco, which stipulate EVR must supply a minimum of 1,200 tonnes of 60% tin concentrate annually. Evidently, EVR believes this could be achievable through the Boulder area, which it feels could host an economic tin mine. With Thaisarco also given first refusal on an additional 2,400 tonnes of concentrate per year, EVR clearly believes there is further potential within Khartoum beyond Boulder. Results from the upcoming drilling campaign should help to confirm the company’s theory.
