The Murdie Project comprises two highly prospective exploration licences, EL5937 and EL5945 that are 100% held and operated by Argonaut Resources via its subsidiary, Kelaray Pty Ltd.

The Murdie licences cover an area of 1,015 square kilometres, are contiguous with the Company’s Torrens Project and are located within 10 kilometres of OZ Minerals’ Carrapateena deposit and 45 kilometres of BHP’s high-grade Oak Dam West discovery, along the western margin of Lake Torrens.

The Murdie Project encompasses a confirmed magnetite-bearing IOCG system known as Murdie plus a series of non-magnetic, gravity only targets that straddle the shoreline.

Recent geophysical modelling has defined new drilling targets and Argonaut is seeking permits to access these areas for drilling.