The Koongie Park copper/zinc project is situated in the highly mineralised Halls Creek Mobile Belt which also hosts the Savannah (Sally Malay) and Copernicus nickel projects, the former Argyle diamond mine and the Nicolsons gold mining operation of Pantoro Limited. Koongie Park is located about 25kms south west of the regional centre of Halls Creek on the Great Northern Highway in north-eastern Western Australia.
AKN has secured an 100% (subject to 1% net smelter royalty) ownership of the Koongie Park project, acquiring this interest under the terms of the Joint Venture with AAR. Prior to that, AAR held full ownership of the project since 2003. The tenure holding comprises an area of more than 500km2 covering over 40kms of the base metals prospective Koongie Park Formation.
Koongie Park has already been the subject of significant exploration drilling and analysis since the 1970’s, often in line with movements in commodity prices. Since its discovery the Koongie Park project has been the subject of over 300 RC and diamond drill holes consisting of more than 60,000m of drilling in total. The predominant focus of drilling has been at the Sandiego and Onedin deposits leading to the release of a positive scoping study by AKN in June 2023.