Clancy claims tenements in strategic move

Clancy Exploration has acquired several A-Class tenements in the Lachlan Fold Belt to position the company as a significant player in the NSW mining sector.

Clancy Exploration has acquired several A-Class tenements in the Lachlan Fold Belt to position the company as a significant player in the NSW mining sector.

The copper-gold porphyry exploration targets are expected to reveal significant mineral discoveries, based on rigorous analysis and probabilistic modelling.

According to the company, the acquisitions place Clancy in a “strong strategic position” and provide the company with the “right tools and methods to pursue exploration success”.

The acquisitions will double the company’s A-Class targets in the Northparkes and Cowal Igneous Complexes and bring its NSW tenements to an area covering nearly 3,000km2.

The acquisition deal also includes the Yalgoo project in Western Australia and the Nadbuck project near Broken Hill in NSW.