Redstone Resources Ltd (ASX: RDS) is a Perth-based company focused on highly prospective copper exploration properties in the West Musgrave region of Western Australia.

Redstone’s 100% owned Tollu Project is located in the south-east portion of the West Musgrave region of Western Australia (Figures 1 and 2). The Tollu Project consists of a large swarm of hydrothermal copper rich quartz veins in a mineralised system covering an area at least 5km2. Malachite-rich gossans associated with quartz veins are exposed at surface and form part of a dilatational system between two major structures within the Tollu Fault Zone.

The Tollu Project currently comprises 16 prospects (Figure 3). The initial focus is on the Chatsworth Prospect, the Eastern Reef Prospect, the Main Reef Prospect and the Dawyck Prospect.

The Tollu Project has a Conceptual Exploration Target estimated to be 22 to 33 million tonnes of mineralisation at a conceptual grade range of 0.9 – 1.3% Cu, containing 198,000 to 445,000 tonnes of copper. This includes 4.3 to 6.4 million tonnes of mineralisation at a conceptual grade range of 1.6 – 2.4%, containing 69,000 to 154,000 tonnes of Copper on the Chatsworth Prospect.
The potential quantity and grade of the Target is conceptual in nature. It is important to note that there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Tenement E69/2450 Prospectivity

In addition to the Tollu Project Redstone has identified five additional projects on E69/2450 (Figure 4) as key sites to conduct mineral exploration. These Projects are:

  • Atlas Project (prospective for IOCG & Mt Isa style-copper sediment-hosted).
  • Babylon Project (prospective for IOCG & Mt Isa style-copper sediment-hosted)
  • Pompeii Project (prospective for Mt Isa style-copper sediment-hosted).
  • Pergamon Project (prospective for Mt Isa style-copper sediment-hosted)
  • Herculaneum Project (prospective for Mt Isa style-copper sediment-hosted)