AMD Resources owns 100% of the Normanby Island Project, which boasts an extensive historical dataset, amounting to more than $50M spent on the project by previous operators, who focussed on the underground mining potential.
The priority at Normanby is to delineate multiple free-milling deposits and maximise gold inventory suitable for “mine-only” open pit operations. AMD Resources work delineated the maiden JORC Inferred Resource of 1.196 Mt @ 5.31 g/t Au for 204,000 oz gold.
The Normanby Project contains 8 identified high-grade epithermal prospects, including the existing resource at the Imwauna deposit. Within the larger Imwauna Vein Zone.
AMD has an Initial Conceptual Exploration Target of 214kt to 2.0Mt @ 4.0g/t to 5.3g/t Au for 28koz to 340koz (in excess of the current resource).