Skylark Minerals has confirmed highly favourable geology for base metal mineralisation at its Narongo Prospect within the Captains Flat Project, identifying new drill targets and planning further exploration activities for 2025.
- Field reconnaissance confirms favourable geology for base metals at Narongo
- Multiple historical shafts and soil anomalies remain untested by drilling
- New drill targets identified for copper, zinc, lead, silver, and gold
- Follow-up field activities scheduled for later in 2025
- Project jointly owned by Skylark Minerals and Glencore
Exploration Update at Captains Flat
Skylark Minerals Limited has provided a significant update on its Captains Flat Project in New South Wales, revealing encouraging geological findings from a recent field reconnaissance program at the Narongo Prospect. The project, held 50% by Skylark and 50% by Glencore's subsidiary, is situated in a region historically known for rich base metal deposits.
The December 2024 fieldwork confirmed that the Narongo Prospect exhibits geological characteristics highly conducive to base metal mineralisation, including copper, zinc, lead, silver, and gold. Notably, the area contains multiple historical shafts reaching depths of up to 35 metres, alongside copper and zinc soil anomalies that have yet to be tested by drilling, highlighting untapped exploration potential.
Historical Context and Geological Significance
The Narongo Prospect lies within a mineralised corridor extending from the historic Lake George Mine, located just 13 kilometres along strike. Lake George was a prolific producer of zinc, lead, copper, silver, and gold during its operational years, underscoring the prospectivity of the region. Skylark’s geologists observed gossanous zones and old workings indicative of mineralised systems, with geochemical sampling revealing anomalous levels of copper, lead, zinc, and other pathfinder elements such as tellurium and bismuth.
Geological mapping identified key units including Silurian-aged volcanics and sedimentary rocks associated with mineralisation at Lake George. The presence of the Narongo Fault, a significant structural feature, is considered a potential conduit for mineralising fluids, enhancing the prospect's exploration appeal.
Next Steps in Exploration
Building on these findings, Skylark is advancing plans for a follow-up field program later in 2025. This will include detailed geophysical surveys to refine drill targets, additional sampling to better delineate anomalous zones, and ultimately, drilling to test the identified targets. The company’s Managing Director, Michael Jardine, emphasised the strategic importance of the Narongo Prospect within Skylark’s dual-track growth strategy, which balances acquisition-led expansion with cost-effective, data-driven exploration.
While the recent reconnaissance did not include drilling, the identification of multiple prospective zones and historical workings that remain untested provides a compelling case for further investment. The project’s location within the Lachlan Fold Belt, a well-known mineral province, adds geological credibility to the potential for discovery.
Strategic Positioning and Market Implications
Skylark Minerals is positioning itself to capitalise on the growing demand for base metals critical to energy transition and industrial applications. The Captains Flat Project complements its broader portfolio, which includes copper projects in Queensland and critical minerals in Brazil. With a robust balance sheet and experienced leadership, Skylark aims to unlock value through disciplined exploration and targeted acquisitions.
Investors will be watching closely as the company progresses its exploration plans at Narongo, with the potential to add significant resource upside in a historically productive region. The upcoming field activities and eventual drilling results will be key catalysts for reassessing the project’s value proposition.
Bottom Line?
Skylark’s next exploration phase at Narongo could unlock a new chapter in base metal discovery within a proven mineral belt.
Questions in the middle?
- What are the timelines and budget allocations for the planned drilling campaign at Narongo?
- How might the joint venture with Glencore influence exploration strategy and funding?
- What are the potential scale and grade expectations based on historical analogues and recent sampling?