Summary:
The Marda tenure covers a series of banded iron formation (BIF)-hosted and shear-zone hosted gold systems, which remain open along strike and at depth. Historical production was limited and selectively mined, leaving behind multiple broad zones of gold mineralisation beneath and adjacent to existing pits.
The Marda Project is strategically located ~100 km north of Southern Cross, within the Youanmi Terrane of the Yilgarn Craton — a terrane well known for its structurally controlled, BIF- and shear-hosted gold deposits. The Project tenure covers ~510 km² across multiple mining leases and exploration licences, encompassing:
• Marda North, Evanston, a 1.6 km trend of high-grade mineralisation mined historically with limited exploration at depth & Die Hardy a large BIF-hosted gold deposit open at depth.
• Marda Central, a cluster of historic open pits and BIF-hosted gold lodes with proven continuity, including Python, a large-scale, structurally repeated zone with strong down-dip potential.
• Marda South, BIF-hosted gold within the historic Golden Orb pit, mineralisation remains open at depth and along strike.
• Marda West, BIF-hosted gold within the historic King Brown pit, mineralisation remains open at depth and along strike, as well as footwall and hanging wall zones under explored.
• A pipeline of regional anomalies supported by geochemistry and geophysics, largely untouched by modern exploration.
Marda is situated on the northern Youanmi greenstone belt, a classic Archean sequence of mafic to ultramafic volcanic rocks, interbedded with BIF units and intruded by dolerite sills. The region is cut by regional shear zones that acted as conduits for gold-bearing fluids.
This geological architecture is directly comparable to other high-performing gold belts in the Yilgarn, underpinning confidence in Marda’s district-scale discovery potential.
Marda is more than a single deposit, it is a goldfield-scale asset with multiple corridors of mineralisation that remain underexplored. Historical mining was shallow, typically less than 70m depth, leaving large, continuous lodes untested at depth. Modern drilling has confirmed the extensions of these systems and highlighted the potential for both bulktonnage BIF-hosted resources and high-grade shear-hosted shoots. Much of the tenure outside of the mine areas remains untested by modern geophysics and geochemistry, creating a pipeline of greenfield targets.