Argonaut’s subsidiary, Kelaray Pty Ltd, was first granted the Torrens licence in 1998.
Access approvals have been pursued over many years in difficult circumstance to get to this remarkable copper target.
The heli-portable drilling rig will drill 8-10 holes to depths of 800-1,500 metres.
Drilling is testing an anomaly larger than the world-renowned Olympic Dam located nearby.
Located within the Stuart Shelf region of South Australia, the project is 50 kilometres from Oz Minerals’ Carrapateena deposit and 75 kilometres from BHP’s Olympic Dam mine.
The Torrens Anomaly is a large regionally significant coincident magnetic and gravity anomaly with a footprint in excess 120 square kilometres.