Argosy executed a Farm-in Joint Venture Agreement with Mining International Pty Ltd in November 2015 to earn up to an 80% interest in the Wee MacGregor Copper-Gold (& Cobalt) Project located in the world class Mt Isa base metals province in north-west Queensland. The Project comprises three granted mining licences located approximately 60km southeast of Mt Isa with access via the sealed Barkly Highway.
In December 2015, the Company announced a maiden JORC 2012 compliant Mineral Resource estimate had been completed for the Wee MacGregor Project (refer to ASX announcement 9 December 2015 - Maiden JORC Resource for Wee Macgregor Project).
The Company conducted a reconnaissance site visit to the Project and collected composite grab samples, with high grade copper (Cu), gold (Au), and cobalt (Co) sample analysis results received (refer to ASX announcement 4 December 2015 - Wee Macgregor Project Results Update).