The Spur Project (EL5238) is located 14km west from Newcrest Mining’s Cadia Valley Operations (32.1Moz Au, 7.2Mt Cu, Measured and Indicated Mineral Resources, Newcrest 2023) in central western New South Wales.

The Project encompasses the wider Cargo Gold-Copper Porphyry Field where much of the historical exploration focus has been for copper porphyry-style mineralisation within the main Cargo Intrusive Complex.

Waratah’s exploration focus will be outside the main Cargo Intrusive Complex, where historical drilling has intercepted shallow epithermal-style gold mineralisation at the Spur-Spur South Prospect, highlighting an opportunity to test for major extensions to mineralisation down dip and southwards down plunge from existing intercepts.