Breakthrough Minerals (ASX:BTM) has acquired the Hazel Creek Copper-Gold Project as part of a broader $15.5 million purchase of Dingo Minerals from Aeris Resources (ASX:AIS).
The deal, expected to settle by late March, hands Breakthrough a massive 952-square-kilometre footprint near Mt Isa, boasting a global mineral resource of 18.8 million tonnes at 1.07% copper equivalent.
At the heart of the acquisition is the Hazel Creek Project, which Executive Director Peretz Schapiro described as a "cornerstone" asset.
Hazel Creek contains over half of the total resource, anchored by the Turpentine deposit.
Recent historical drilling highlighted its high-grade potential, yielding intercepts of up to 5.1% copper.
To capitalise on this momentum, Breakthrough has already outlined an aggressive 3,000-metre diamond drilling campaign.
The program will target deep extensions at Turpentine and test high-priority anomalies at the Turpentine SE Offset and Brumby prospects.
Beyond exploration, the company is evaluating the site’s existing infrastructure to potentially monetise unrequired equipment, providing a clever secondary revenue stream.
At the time of reporting, the share prices of Breakthrough Minerals and Aeris Resources were $0.20 and $0.54, respectively.