Aeon Metals says it has identified two highly prospective, under-explored, sediment-hosted and porphyry systems after a desktop review of its tenements.

The review was undertaken as Aeon awaits Native Title agreement for its flagship Walford Creek copper-cobalt project, with discussions underway for a new Cultural Heritage and Monitoring Agreement.

The two new targets lie at the Kiwi Carpet prospect (EPM 14628) within Aeon’s Rawbelle project near Monto and the Blue Hill prospect within its Isa South project.

“The geological team have done an excellent job reviewing our current tenements in an effort to provide new exploration opportunities for the company whilst the CHMA negotiations with Waanyi People are being concluded,” Aeon executive chairman Paul Harris said.

“The opportunities identified are relatively straightforward to access and offer low-cost options for increasing the company’s exposure to copper with already prospective districts.”

Aeon geologists consider that the Kiwi Carpet prospect is a potentially large, structurally controlled central porphyry copper-molybdenum-rhenium system.

Blue Hill is a fault-controlled stratabound siliciclastic copper system, where scout drilling in 2012 targeted an IP chargeability anomaly.

In addition to targeting copper, molybdenum, lead, and zinc, Aeon aims to identify unrecognised potential economic co-products in these ore bodies, such as rhenium, uranium, and rare earths, many of which were not originally studied and assayed.