E63/1859 Fraser South

The Fraser South E63/1859 nickel copper tenement covers an area of 158km² and is positioned adjacent to IGO’s Southern Hills Project and Galileo Mining’s Yardilla Project.

An electromagnetic survey conducted in first half of 2022 identified a high prospect magnetic anomaly at the Snowys Prospect.

In addition, 4km of fixed loop EM (FLEM) was completed on the Fraser South tenements.

BOA Resources will drill test the Snowys Prospect in 2024.

Volcanogenic Massive Sulphides (VMS) potential

The Snowys prospect represents a highly prospective target for massive sulphide mineralisation with potential for Nova style nickel sulphides or Volcanogenic Massive Sulphides (VMS) mineralisation systems.

The conductor’s modelling shows it is relatively discreet, highly conductive plate model, within the range expected for massive sulphides and within an accessible drill depth ~170m below surface.

BOA Resources has signed a Heritage Protection Agreement with the Ngadju Corporation to progress exploration activities on the Fraser South tenement.

Geologically, the Snowys prospect is analogous to the Andromeda VMS Zn-Cu deposit which was discovered by IGO in 2018. Andromeda is located within the Snowy Dam Formation on the western margin of the Fraser Range gravity high which correlates to the interpreted geological position of the Snowys prospect.