Constellation Resources Unveils High-Grade Copper-Gold Targets and Expands Hydrogen Projects
Constellation Resources reports promising drill results at its newly acquired Ularring Copper Gold Project and significantly expands its natural hydrogen exploration acreage in Western Australia, partnering with CSIRO to enhance prospectivity studies.
- Acquisition and detailed review of Ularring Project identifies high-priority copper-gold targets
- Significant drill intersections at Centre Forest and Southern Brook prospects
- Expansion of natural hydrogen project area to 87,602 km2 with new Ashburton Basin tenements
- Research collaboration signed with CSIRO to advance natural hydrogen and helium exploration
- Company maintains a solid cash position of approximately $1.3 million with no debt
Ularring Project: A New Frontier for Copper-Gold Exploration
Constellation Resources Limited has marked a significant milestone in its exploration strategy with the acquisition and comprehensive evaluation of the Ularring Copper Gold Project in Western Australia. Situated within the prolific Archaean Yilgarn Craton, the project covers 222 km2 and is strategically located near major deposits such as the Boddington Gold Mine and Caravel Copper Project.
During the December 2024 quarter, Constellation completed a detailed drillhole database, geochemical, and geophysical reviews that highlighted several promising targets, notably the Centre Forest, Southern Brook, and Cartamulligan prospects. Centre Forest stands out with a well-developed copper-gold horizon extending over 1.1 km strike length, featuring broad zones of mineralisation with encouraging grades, including intersections such as 19m at 2.02 g/t Au and 0.16% Cu.
Further geophysical analysis of historical Induced Polarisation (IP) survey data revealed a substantial chargeability anomaly down dip of known mineralisation, suggesting potential for higher-grade sulphide zones. Plans are underway for additional IP surveys to refine these targets ahead of drilling.
Southern Brook and Cartamulligan: Untapped Potential
Southern Brook, located just 2 km south of Centre Forest, has yielded significant copper intersections, including 24m at 0.57% Cu with a high-grade 2m interval at 3.4% Cu. Notably, gold assaying has been limited historically, presenting an exciting opportunity for new discoveries. An IP survey is proposed to guide exploration efforts here.
The Cartamulligan Prospect hosts a 2 km long coincident copper-gold soil anomaly with an underlying VTEM geophysical anomaly yet to be drilled. The recent grant of tenement E70/6671 extends the exploration corridor, with field mapping and sampling planned to assess these targets further.
Expanding Horizons in Natural Hydrogen Exploration
Beyond metals, Constellation is aggressively expanding its footprint in the emerging natural hydrogen sector. The company’s total project area for natural hydrogen exploration now spans 87,602 km2 following the conditional acceptance of three new Special Prospecting Authorities with Acreage Options (SPA-AOs) over the Ashburton Basin. These tenements adjoin existing projects in the Edmund-Collier and Yerrida Basins and are intersected by the Goldfields gas transmission pipeline, potentially facilitating market access for any discoveries.
Constellation has initiated stakeholder engagement and plans regional soil gas sampling programs to detect hydrogen anomalism, leveraging direct field gas readings for rapid identification. A notable development is the signing of a research agreement with CSIRO, which will collaborate on prospectivity studies for natural hydrogen and helium, focusing on the Edmund-Collier and Yerrida Projects. This partnership taps into CSIRO’s expertise and funding support through its Kick-Start Program, aiming to refine exploration models and accelerate discovery potential.
Financial Position and Outlook
As at 31 December 2024, Constellation holds approximately $1.3 million in cash with no debt, supporting ongoing exploration activities. The company reported a net cash outflow of $517,000 for the quarter, primarily driven by exploration and evaluation expenditures. With a focused pipeline of work including further geophysical surveys, soil sampling, and drilling programs, Constellation is positioning itself to unlock value from both its copper-gold and natural hydrogen assets.
While the company continues to review additional business development opportunities, it remains prudent in capital management, balancing exploration ambitions with financial discipline.
Bottom Line?
Constellation’s dual focus on copper-gold and natural hydrogen exploration, underpinned by strategic partnerships and solid cash reserves, sets the stage for potentially transformative discoveries in Western Australia.
Questions in the middle?
- How will upcoming IP surveys at Centre Forest influence drilling priorities and resource estimates?
- What are the timelines and expected milestones for the CSIRO collaboration on natural hydrogen prospectivity?
- Can Constellation secure additional funding to sustain and accelerate its exploration programs beyond the current cash runway?
