Exploration is a key driver of MMG's growth strategy to build a leading global diversified minerals and metals company and strives to achieve this by:
- Leveraging asset value - by aggressive near mine exploration and strategic title consolidation around operating mine sites.
- New Discovery Programs - focused exploration on a rationalised portfolio of district scale, early stage to advanced project opportunities.
- Project Generation and New Ventures - securing the best new opportunities in the most prospective geological belts.
MMG currently has New Discovery Programs in Australia, Asia and North America, and is actively pursuing a pipeline of new venture opportunities globally.
Australia
Near Cobar in New South Wales, MMG is exploring for Cobar-style copper-zinc-lead mineralisation at the Wagga Tank project.
China
In China, MMG is targeting discovery and development of large-scale base metals deposits in partnership with Chinese companies and organisations. Recent reviews have identified a number of nickel-copper opportunities and project joint ventures that are being pursued with local partners.
Indonesia
MMG is exploring for porphyry copper-gold deposits in this highly prospective and underexplored region with active projects in Java and Sulawesi.
Canada and USA
In the Nunavut Territories in Northern Canada, MMG is systematically exploring 2,000 square kilometres of granted tenements that surround the High Lake and Izok Lake projects. Target commodities include copper, zinc-lead and nickel. MMG is also exploring early stage nickel-copper projects through joint ventures in Ontario, the Nunavut Territories and Minnesota, USA.