November 26, 2018 / 10:53 PM / 3 months ago

BHP flags new find under copper program in South Australia

(Reuters) - BHP Group has identified a potential new iron oxide, copper and gold mineralized system near its Olympic Dam operations in South Australia as part of a copper exploration program, the miner said on Tuesday.

It said in a statement that the project was still in its infancy and that it was planning a further drilling program, slated to commence in early 2019.

The project is in a copper-rich region between the company’s Olympic Dam mine and Oz Minerals’ Carrapateena project. Copper is a major point of focus for BHP.

BHP’s announcement coincides with investor excitement over a potential copper find by its arch rival Rio Tinto in Western Australia. Rio Tinto has not commented on reports of the WA find.

Reporting by Ambar Warrick in Bengaluru; Editing by Sonya Hepinstall

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below