IGO acquisition of Creasy Silver Knight project could put some shine to Boadicea’s White Knight

The march of IGO in the Fraser Range continues, the company announcing two further deals during July with Matsa Resources and the Creasy Group.

In its most recent deal to acquire 100% of Mark Creasy’s Silver Knight nickel-copper-cobalt sulphide deposit and form a joint venture with the Creasy Group (IGO 65% and Creasy Group 35%) over a portfolio of exploration tenements around Silver Knight for A$45million continues to strengthen IGO’s belief of further major finds to be discovered in the Fraser Range.

Boadicea Resources, who also struck a $57 million deal with IGO in September last year holds tenements within 5-10km of Mark Creasy’s Silver Knight project.

Boadicea’s White Knight project sits east of Silver Knight and part of the nine tenements which IGO purchased the exploration rights in September 2020.

Boadicea’s Symons Hill project which IGO is currently exploring through its Orion intrusion into the Symons Hill licence sits to the south of the Creasy Group Silver Knight project.

Silver Knight was discovered by Creasy Group in 2015 and is located 35km north-east of and within trucking distance of IGO’s Nova Operation. In 2018, Creasy Group estimated an open pit JORC Mineral Resource Estimate for Silver Knight which was the basis for a Mining Lease application.

IGO has a planned work program to progress infill drilling at Silver Knight once the transaction is finalised, as well as progressing regulatory approvals and a Native Title mining agreement. Updated resource and reserve estimates are expected to be communicated to the market once this work is completed. In parallel, IGO will continue the exploration of the new joint venture tenements around Silver Knight, which remain prospective for the discovery of Nova-style magmatic nickel-copper-cobalt sulphide deposits.

IGO’s Managing Director and CEO, Peter Bradford, commented: “We are pleased to have concluded this agreement with Creasy Group to acquire Silver Knight and the additional joint venture tenure. The Silver Knight discovery not only validated the potential for the Fraser Range to host multiple commercial nickel-copper sulphide deposits but also provides a secondary source of feed for the Nova processing plant.

“Our aim is to fast track the detailed assessment and permitting of Silver Knight in order to commence first pre-mining activity on the site by 2023.”