Projects

Universal has acquired a large portfolio of high quality exploration projects in two of Australia’s most prospective regions for base and precious metal exploration:

• The Mt Isa Inlier (the Mt Isa-Cloncurry area) of north west Queensland, and
• The southern Lachlan Fold Belt in New South Wales.

In Queensland, the company has a 100% interest in the Roseby Copper Project. The Company also holds a 100% interest in nine granted EPM’s in the Mt Isa Inlier. Together, these tenements cover an area of over 3,500 square kilometres.

All are considered prospective for mineralisation of the iron oxide associated hydrothermal copper-gold deposit style, of which the 167 million tonne Ernest Henry deposit is a typical example. They also have potential for the occurrence of sediment hosted zinc-lead-silver deposits of the Cannington and Century styles.

In New South Wales, the company has a 90% interest in two projects - Burra and Collector - with potential for the occurrence of large volcanogenic massive sulphide (VMS) deposits similar to the nearby 17 million tonne Woodlawn deposit (now mined out).