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Fitzroy Resources acquisition expands Queensland base metal footprint

Fitzroy Resources acquisition expands Queensland base metal footprint

Fitzroy Resources (ASX: FRY) has made an acquisition to expand the company's tenement footprint in central Queensland.

The tenement was purchased from Kangaroo Resources (ASX:KRM) for a cash consideration of A$50,000.

Fitzroy’s combined land holding in the region is now 726 square kilometres, with the tenements covering around 90% of the known Rookwood Volcanics which are host to the 1.75 million tonne Develin Creek copper-zinc resource.

 

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