Lady Ida

LADY IDA

The Lady Ida Project is located approximately 55 km south of the Davyhurst Processing Plant.

GEOLOGY & MINERALISATION
The project is centred on a sequence of mafic and ultramafic volcanics on the western edge of the greenstone belt immediately east of the Ida Lineament. The greenstone sequence hosts the Iguana, Blue Tongue and Lizard open cut deposits.

RESOURCES & RESERVES
The last JORC (2004) resource estimate for the project was compiled in 2008 based on past ASX releases and reports. The estimate was released in the Swan Gold Mining Limited 2013 prospectus released 13th February 2013 (Table 1). OBM is currently in the process of validating and reinterpreting the geological models and supporting QAQC data and will be issuing a revised resource statement in the coming months.

HISTORICAL PRODUCTION
The table below summarises the cumulative gold production from the project based on the available records;

Project Production Period
Pre 1950 1950-1980 1980-2000 2000-2008
(oz Au) (oz Au) (oz Au) (oz Au)
Lady Ida        39,000

TARGETS
The company is currently re-evaluating the remnant resources at Iguana and Lizard. In addition, the company has a number of advanced targets within the project at Legless, Python and Python North where previous drilling has defined anomalies that require further evaluation.