Multicom’s Yappar Project comprises three exploration permits. The location of the Yappar Project is 50-60 km southwest of Croydon and 120 km southeast of the port of Karumba in Queensland’s North West. The three Yappar Project permits are contiguous and cover an area of approximately 691 km².

The Yappar Project has significant potential to host a large-scale IOCG deposit. The Esmeralda Granite and the Croydon Volcanics are mid-Proterozoic in age, similar to the age of Proterozoic rocks further west around Cloncurry, which host IOCG (Iron Oxide Copper Gold) deposits such as Ernest Henry.

Multicom was recently awarded a grant under the GSQ’s (Geological Society of QLD) Collaborative Exploration Initiative (Round 5) to partly fund a Magneto Telluric Geophysical survey to investigate further the potential for IOCG deposits.

The figure below shows the interpreted magnetic anomalies over the Yappar Project.