Primarily on copper production, Aditya Birla Minerals also holds copper exploration tenements around its existing Nifty and Mt Gordon operations, as well as at the Maroochydore copper project, 60 kilometres south of Telfer in WA.
Maroochydore is the company’s most advanced exploration project, with a resource of 41.4 million tonnes at 0.8 per cent copper. Aditya Birla owns 100 per cent of the Maroochydore deposit, which is subject to a 50 per cent buy-back clause with Straits Resources.
Aditya Birla stated that it was strongly focused on converting Maroochydore resources into reserves, as well as identifying higher-grade sulphide mineralisation.
In its December 2010 quarterly report, the company announced that reverse circulation drilling was completed along strike from the Maroochydore resource, and also at the company’s GLS and Yaupon prospects. Five diamond holes were drilled beneath the Maroochydore resource. Assays from the drill holes were received during the March 2011 quarter, which showed that low-level anomalous copper and zinc values were intersected in the Yaupon drill hole 10MRC-105 at Maroochydore North.
In its September 2011 quarterly report, Atidya Birla announced that interpretation of a regional gravity survey, airborne magnetic survey, and airborne electromagnetic survey identified several geophysical anomalies within the Maroochydore project.