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Aeon Metals May Have A World Class Copper And Cobalt Sulphide Resource In Northern Australia

Apr. 12, 2018 2:54 PM ETAeon Metals Limited (AEOMF)9 Comments


  • Aeon Metals has 6 promising copper projects, with their flagship being Walford Creek in far North West Queensland Australia.
  • Walford Creek is a potential world class polymetallic deposit with copper, lead, zinc, silver and cobalt in a sulphide ore.
  • Walford Creek already has a good size resource, with a further 20km mineralized zone yet to be properly drilled.

Aeon Metals Ltd [ASX:AML] [GR:D6V1] (OTC:AEOMF) - Price = AUD 0.28, USD 0.21

Aeon Metals 100% own their flagship Walford Creek project, in North-West Queensland, Australia. The company states they have - "The largest and most advanced cobalt sulphide deposit in Australia", with a potential ~25km mineralized fault. Current drilling has already confirmed a 5km mineralized zone. This gives Walford Creek potential to be a world class copper-cobalt resource.

Aeon Metals 5 year price graph

Source: Bloomberg

Summary of Aeon Metals projects all in Queensland Australia:

  • Walford Creek project (100% owned) - A potential world class polymetallic deposit with copper, lead, zinc, silver and cobalt in a sulphide ore.
  • Constance Range Project - Copper, gold and zinc-lead-silver mineralisation potential.
  • Isa North Project - Early stage exploration has found wide zones of copper mineralisation over 180m to 310m widths.
  • Isa West Project - Copper exploration potential.
  • Isa South Project - Copper and gold exploration potential.
  • South East Queensland Portfolio (100% owned except the JV) - The Ben Hur Copper Project and Greater Whitewash, 7B, and the 60% Aeon owned SLWQ Limited (JV with Rio Tinto (RIO).

NB: The middle four projects above have been bought in from Summit Resources, and entitle Aeon Metals to an 80% earn in, and excludes the uranium.

NB: The priority project in the South East Queensland portfolio is the Ben Hur Copper Project. Ben Hur contains contains 190,000 tonnes of copper, 2,700,000 ounces of silver and 16,665,000lbs of molybdenum (at a 0.24% copper cut-off).

The Ben Hur resource


Aeon Metals North Queensland projects location map


Hereafter I will focus on the company's flagship Walford Creek project.

The Walford Creek project resource

The updated resource estimates for Walford Creek has two components:

  1. Copper Lode Resource - 15.7Mt @ 1.24% Copper and 0.15% Cobalt (also 0.98% Pb, 0.82% Zn and 34g/t Ag).

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