PROJECT OVERVIEW

The Black Hammer Project covers 310 km² in New South Wales and includes the Porters Retreat (EL9332) and Tuglow (EL9826) tenements, located 130 km west of Sydney near Oberon. Positioned within the world-class Ordovician Macquarie Arc, one of Australia’s most prolific copper–gold provinces, the Project remains largely underexplored, with no drilling since 1998. Recent work has identified a 3 × 3 km altered intrusive complex at Porters Retreat and several untested historic copper and gold prospects, highlighting extensive mineral potential. Located within 15 km of the Bushranger Project (Racecourse: 512 Mt @ 0.18% Cu; Ascot: 87 Mt @ 0.15% Cu)1 and near major porphyry systems such as Cadia–Ridgeway and Northparkes, Black Hammer represents a frontier exploration opportunity in a proven Tier-1 mineral belt.

Location of major Ordovician to early Silurian porphyry and related mineral systems of the Macquarie Arc
Location of major Ordovician to early Silurian porphyry and related mineral systems of the Macquarie Arc

PORTERS RETREAT (EL9332)

Multiple High-Priority, Undrilled Targets with Immediate Discovery Potential

  • 9 anomalous areas identified along major structural conduits
  • High-priority:
    • Watson Prospect: 2.4km long Cu/Zn soil anomaly with quartz-pyrite-chalcopyrite veining. No gold assays. Never drilled
    • Porters Retreat Copper Mine: Historic adit and pits on quartz veins (12% Cu, 15g/t Au sample)2; associated with NE-trending porphyry intrusive. Never drilled
    • AC Prospect: 2m @ 1.6 g/t Au from 8m3 in air core drilling of a previously unrecognized quartz vein swarm. Never followed up

TUGLOW (EL9826)

Underexplored License in the Macquarie Arc with Multiple High-Grade Targets

  • 136km² exploration license covering the easternmost exposures of the highly prospective Macquarie Arc
  • 10 metallic mineral occurrences recorded within the EL including the historic Tuglow Copper Mines, Hughes Copper Mine and Chatham Valley Gold Mines
  • Prospective for:
    • Porphyry and vein-hosted Cu-Pb-Zn (Tuglow Copper Mines)
    • Orogenic Au (Chatham Valley Au Mines)
    • Alluvial and deep lead Au, sapphires, zircon & diamonds (Retreat and Tuglow Rivers)
    • Underexplored – No drilling since 1998

Prospect location map for EL9826 over Lachlan Orogen geology

HISTORIC DRILLING AND WORKINGS

Untapped Potential from 1970s Drilling and Early Mines

Quartz-pyrite-chalcopyrite breccia in TDDH2, 39.6m
  • Tuglow Drilling (1974, Le Nickel): TDDH1 (152.5m): Dioritic dykes, chlorite alteration, quartz-sulphide breccias (3.2m @ 0.04% Cu, 0.07% Pb, 0.04% Zn).
  • TDDH2 (154.84m): Intense chlorite, quartz-pyrite-chalcopyrite-sphalerite veining/breccias (1.6m @ 0.58% Cu, 0.68% Zn; 0.9m @ 0.72% Pb).
  • Signs of porphyry systems (pre-Macquarie Arc recognition); hyperspectral logging pending (NSW Gov, post-IPO, public domain).
  • Alluvial/Deep Leads: 10km along Retreat River; angular gold nuggets (5mm), sapphires, diamonds; remobilized from Miocene streams.
  • Production undocumented but rich; no modern assays on much core.
Quartz-chalcopyrite-pyrite-sphalerite vein in TDDH2, 54.3m

1 https://xtractresources.com/projects-operations/bushranger-copper-gold-project/
2 McClatchie, L., 1971. Report on a Brief Examination of Mineral Occurrences Within E.L.A 766, Taralga-Porters Retreat District
3 North Limited., 1998. Final Report on Exploration License 5371 Bimbimbie (SI 55-8)