Revolver Resources

Revolver Resources

  • Location: Australia
  • Tickers:
    • ASX:RRR
  • Commodities:
    • Copper
  • Project Stages:
    • Development
    • Exploration

Revolver Resources (ASX: RRR) is an Australian listed copper exploration company focused on the development of natural resources for the world’s accelerating electrification. Our near-term focus is the exploration and development of advanced copper projects in Queensland.

Copper sits at the heart of the world’s acceleration to net zero emissions through electrification. Concurrent with a new commodity super cycle that is forecast to drive a surge in long-term demand for copper, the most cost-effective conductive material, Revolver Resources has copper projects located in premier polymetallic provinces, the North-West Minerals Province and the Hodgkinson province located in northern Queensland.   Our portfolio includes the Dianne Project, a near-term production prospect north-west of Cairns comprising six mining leases and an exploration permit, and the Osprey Project, consisting of six exploration permits north of Mount Isa with established prospectivity for iron oxide copper gold (IOCG) and Mount Isa style targets.   Since our inception, multiple drilling programs and geological and geophysical works have increased the company’s confidence in its tenure. New work programs are ongoing at both projects, in parallel, to better quantify the known resources. At Dianne specifically, the company will progress the orebody through JORC code definition, as well as identify potential extensions and repeats within the tenure.   At Dianne, assays from the company’s recent 2,994m diamond drill campaign confirmed very high-grade copper in massive sulphide, highlighted by hole 22DMDD09 which intersected 3.5m Estimated True Width (ETW) at 13.87% Cu, including 1.0m (ETW) at 19.80% Cu. The massive sulphide lens was intersected over a 150m strike length and down to 200m below surface with mineralisation ranging from 0.1m to +3.5m ETW in thickness. The lens produced over 63,000 tonnes at an average grade of 22.7% Cu via open cut and underground operations between 1979 and 1983.   Assays also confirmed the presence of a broad, shallow area of continuous copper oxide mineralisation (Green Hill supergene zone) with a surface footprint of 145m by 200m and 10m to 50m ETW, that remains open to the north, south and west.   Meanwhile, at Osprey, sections of previously drilled 4,389m of diamond drill core have shown a clear IOCG ore deposit signature.   Revolver’s leadership team has extensive experience in the natural resources sector and has established strong connections with all relevant stakeholders including landholders, traditional owners, community representatives and government.  

Revolver Resources
ASX
  • asx: rrr

    • -0.01 (-3.33%)

* Based on previous 24 hours performance

  • asx: rrr

    • -0.02 (-6.45%)

* Based on previous 7 days performance

  • asx: rrr

    • 0.03 (11.54%)

* Based on previous 12 weeks performance

  • asx: rrr

    • -0.115 (-28.4%)

* Based on previous 12 months performance

Open 0.33000 Volume 84975
High 0.34000 52w High 0.63000
Low 0.29000 52w Low 0.24000
Close 0.29000

* 23 September 2022 (AUD)