Menninnie Zinc Project

Profile

Terramin, via its wholly owned subsidiary Menninnie Metals Pty Ltd, owns five contiguous exploration licences covering 2471km² in the Gawler Craton known as the Menninnie Zinc project.  The project is located on the Eyre Peninsula in South Australia and the licences are Menninnie Dam (EL5039), Nonning (EL4813), Kolendo (EL4285), Taringa (EL4669) and Wipipippee Hill (EL 4865).

Menninnie Zinc tennement locations and Menninnie Dam prospects

Menninnie Dam

Location

The Menninnie Zinc Project centres on the Menninnie Dam tenement (EL5039) covering 101 km²on the northern Eyre Peninsula in South Australia, about 160km WNW of the lead smelter at Port Pirie. The project is close to the industrial infrastructure and seaport of Whyalla, the third largest town in South Australia.

Diagram showing infrastructure, Gawler Craton mineral occurrences and commodities.

Scope

The Menninnie Dam tenement includes a JORC-compliant Inferred Resource of 7.7Mt @ 3.1% Zn, 2.6% Pb at a 2.5% Pb+Zn cut-off. 

Status

During 2008, 10,777 metres of drilling was conducted in mineralised areas adjacent to Menninnie Central, and an IP programme totalling 191 line km completed over prospective areas elsewhere in the tenement. MMG consolidated the project's technical database throughout 2009 and 2010 but did not carry out any new exploration activities in this period. Having resumed ownership and management of the project in January 2011, used the entire dataset in revising its 2007 resource estimate and reassessing the exploration potential of EL50390 and project areas to the north. 

Menninnie Metals announced the execution of a Heads of Agreement with Musgrave Minerals Ltd in October 2012. Musgrave Minerals Ltd commenced exploration drilling on Menninnie Dam during the last quarter of 2012, with recent results showing silver, zinc and graphite intersected.

Planned Developments

Menninnie Metals has applied for additional exploration tenements to extend the Company's interests in this highly prospective area.

The tenement applications (ELA2012/00299, Unalla and ELA2012/00316, Mt Ive) are located to the west of, and are contiguous with, the Taringa tenement. The area covers 584km² and is prospective for base metals, silver and gold.

Click here to read the JORC Competent Person Statement and Notes to Resources and Reserves.