SER pursues a counter-cyclical strategy. We aquire high-quality exploration projects for low cost in commodities that are currently unfashionable. We explore and develop these projects ready for the inevitable market turn.
E 70/4793, E 70/4797, E 70/4799, E 70/4805, E 70/4874, E 70/4807
(SER 100%), Western Australia
In late 2015, SER identified a significant opportunity to acquire several advanced heavy mineral sands exploration projects in Western Australia. SER lodged Exploration Licence applications covering five historic heavy mineral sands prospects; several of these applications have now been granted.
In recent years, the West Australian Government has identified the historic prospects as “Strategic Mineral Resources Protection Areas” and informed planning agencies to protect the deposits from conflicting land uses until mining is complete. SER believes this presents a unique opportunity to potentially develop these prospects.
The region is host to multiple operating heavy mineral sands mines, notably the Iluka operations south of Bunbury. A former mine, now rehabilitated into a property development, lies just 6km from the Ambergate project.
(SER 100%), Queensland
Pictured below: Regional Geophysics showing magnetics (left) and gravity (right)
The Saxby Gold Project is located 165km north-northeast of Cloncurry in the Gulf Country of northwest Queensland. SER is targeting gold mineralisation hosted in basement rocks of the Eastern Succession of the Mt Isa Province buried beneath younger sedimentary cover of the Carpentaria Basin.
The Eastern Succession has a long and proven record of mineral endowment. The limited knowledge of the buried NE Mt Isa Domain has been generated by geophysical interpretation and the small amount of drilling in the region. This virgin terrain has a high strike ratio of mineralisation in drilling including nickel, copper, gold, zinc and silver.
EL 5010 (SER 75%), EL 5011 (SER 50%) South Australia
The Myall Creek and Spencer copper projects are located on the west coast of the Spencer Gulf and cover 702km² of the highly prospective Olympic Copper Gold Province of the eastern Gawler Craton. The Myall Creek Project includes a 15km zone with anomalous copper shown in historic drilling.
SER and joint venture partner Kingston Resources Limited (ASX: KSN) are targeting both Iron Oxide Copper Gold (IOCG) mineralisation in the Proterozoic basement as well as sediment-hosted mineralisation in the overlying sediments.
The northern Eyre Peninsula was the focus of a major investigation by the South Australian Department of State Development and the Deep Exploration Technologies Cooperative Research Centre during 2015-2016. This investigation has produced significant new datasets to advance exploration in the region.
E38/1970, (SER 95%), Western Australia
The Falcon Bridge nickel project covers an area of 138km² in the north east of Western Australia’s Archaean Yilgarn Craton. Falconbridge is located 48km along / en echelon to an ultra-mafic bulge where drilling by others has encountered nickel sulphides. SER is targeting Komatiitic nickel sulphide mineralisation in a mafic / ultramafic sequence. SER is currently considering joint venture opportunities.
EL 5040, (SER 5%), Victoria
The Casteron nickel-copper project is located 350 kilometres west of Melbourne, Victoria. During the year, joint venture partner Encounter Minerals completed detailed reviews of the geophysics, geology and geochemistry of the target area and are in preliminary planning for a follow-up drill campaign.
(SER 25%), Australia
Ionic Industries Limited is Australia’s first company focused on the commercialisation of graphene technologies. SER is the major shareholder of Ionic and holds circa 20% of the issued capital.
For further information please visit > http://www.ionicindustries.com.au/