YTC Resources is focussed on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.

The Company has now released the findings of the Definitive Feasibility Study (DFS) on the Hera gold and base metal deposit as Stage 1 of the development of the Hera-Nymagee Project. Stage 2 of the Feasibility study will look at the integration of the larger Nymagee copper deposit, located 4.5km to the north of Hera.

The Hera DFS has demonstrated a financially robust and technically feasible mining and processing operation. In the first stage, the Hera deposit will be mined by shallow underground methods producing gold and silver doré bars and a bulk lead-zinc concentrate for sale.

The maiden Nymagee Resource Estimate demonstrated Nymagee contained 96,000t Cu, 27,000t Pb, 53000t Zn and 2.2MOz Ag, with the mineralisation remaining open to the north and at depth.

YTC is actively drilling the evolving copper deposit at Nymagee with the potential that the Nymagee mineralisation may evolve into another ‘Cobar Giant’ similar to the world class CSA copper deposit located approximately 100km north-west along strike.

YTC also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan Fold Belt of NSW.