Longreach Mineral Exploration (LME) proudly announces its selection in the 2024 BHP Xplor program, a six-month accelerator program by BHP. This significant development is set to propel exploration efforts at LME’s East Canning Project in Western Australia (Figure 1).
The BHP Xplor program is designed to support early-stage explorers in accelerating and de-risking their geologic concepts, and to make them investment-ready. Over the next six months, LME will benefit from BHP Xplor’s funding and gain access to a team of specialized technical, business, and commercial experts.
Established in 2018, LME is renowned for its risk and science-based approach to discovering high-quality tier 1 copper and critical metal deposits. The company’s strategic edge lies in its innovative mineral systems approach, leveraging its petroleum DNA to identify new tier 1 deposits crucial for the ongoing energy transition.
LME’s innovative approach to exploration utilises tools such as sAIsmic® that enables immediate access to all Australian seismic data in the public domain and integration with other proprietary or public data. GeoClerk®, an innovative geo-imagery search tool powered by machine learning, facilitates a thorough and efficient search of crucial historical and recent documents from government archives, the ASX®, and our internal LME databases.
LME’s 100% owned East Canning Project is situated in a new frontier terrane with evidence for long-lived lithospheric structures and demonstrated tier 1 potential derived from analysis of multiple independent data, including reprocessed seismic geophysics, pXRF measurements on copper-bearing petroleum wells, and the 3D reinterpretation of geological and geophysical datasets.
Rob Bills, Managing Director of LME, expressed his enthusiasm, stating:
“The selection of LME’s East Canning project by BHP is testament to the potential of this project and the innovative approach our team has taken to generate such a high-quality and bold, frontier opportunity. The seed funding from the BHP Xplor program will be pivotal in fast tracking an aggressive exploration program aimed at unlocking critical minerals crucial for the energy transition. LME extends gratitude to the Parna Ngururrpa Native Title Aboriginal Corporation for their support and negotiation of the Native Title Land Access Agreement. Longreach is pleased to collaborate with BHP, one of the world’s leading mining companies, in this program, marking a significant stride towards uncovering a new tier 1 mineral province.”
Comments from Head of BHP Xplor Program, Charlee Johnson:
“Congratulations on your selection to the 2024 BHP Xplor program. We are amazed by the diversity and quality of the submissions and are excited to be partnering with Longreach Mineral Exploration who have an abundance of passion for the exploration space. We’re confident that together with the Xplor Team, fellow Xplor Cohort members and access to a network of internal and external industry experts LME can push the boundaries of what has traditionally been possible for exploration.”
About BHP Xplor
BHP Xplor is a 6-month accelerator program for early-stage explorers aiming to fast-track and de-risk their geologic concepts to become investment-ready. For more information on the BHP Xplor program, visit BHP Xplor Program.
About Longreach Mineral Exploration
Established in 2018, Longreach focuses on a risk and science-based approach to uncovering high-quality tier 1 copper and critical metal discoveries. LME employs a collaborative approach with governments, communities, research, and stakeholders to unlock mineral potential. For more information on Longreach Mineral Exploration, visit www.longreachmineral.com or contact [email protected].
Figure 1 Location of LME’s East Canning tenement package along the craton margin of the Canning Basin.