Macallum has the skills and experience to identify, evaluate and develop a broad range of resource opportunities and to operate in many countries. Base metals, precious metals, bulk mineral commodities, oil and gas are the principal targets but high value projects of other commodities are also assessed on an opportunistic basis. It believes that the optimum risk to reward balance is to be found near the front of the discovery to development process and that it has the experience to identify and realise project value that is under-appreciated or trapped and to do this quickly.To date Macallum has reviewed several hundred projects around the world, has made offers on a selection of these with agreements in place covering a select few. Given the current depressed commodity price cycle and large number of companies seeking funds to further advance their projects, Macallum believes this is a good time to continue reviewing and acquiring quality projects. For example, an exploration licence has just been granted over a potential lithium project in Queensland for Macallum.Macallum continually reviews its project portfolio to ensure priority is being given to projects deemed to be able to have maximum value added.
North Perth Basin
The onshore North Perth Basin (NPB) is a recognised hydrocarbon province. Macallum controls 100% of EP494, which was granted in May, 2015 and covers 2,581km2. Areas within this lease are considered prospective for conventional oil and gas plays.
Northern South Australia - Mount Sarah
The Mount Sarah project, located in northern South Australia, is approximately 1,000km NW of Adelaide. It is covered by three Exploration Licences, covering approximately 1,516km2 and is located proximal to the same crustal scale feature, the Tim O'Driscoll defined G2 lineament, which hosts the Olympic Dam, Prominent Hill and Carapeteena IOCG deposits. The Mount Sarah target is represented by adjacent magnetic and gravity features juxtaposed against a NW-SE trending structural feature. It does not outcrop but lies beneath a thick sequence of cover sediments.
The Narlarla project, exploration licence E04/2438, is located in the Napier Range, immediately south of the Barker River, approximately 1,860 km north east of Perth in the West Kimberley region of Western Australia. The licence covers 37 graticule blocks or 12,097.61 hectares (~121km2).
Poopo Sulphide Plant and Nazareno Zinc Mine
Macallum (70%) and their local partner (30%) acquired a 100% interest in the Poopo sulphide processing plant on a 75 ha industrial site, with all infrastructure, in July 2016. The plant has been brought back into production from April, 2017. Plant capacity will continue to be increased to 400 tpd with the aim of ramping up to producing +5,000 tpa of zinc (eq) in concentrate for direct sale. Further production increases beyond this level will be evaluated.