Aeon Metals has started drilling at the Beauchamp target, about 100km west of Mount Isa.
The company attracted a $200,000 Collaborative Exploration Initiative grant for the work and says Beauchamp has clear similarities with the geophysical signatures of a number of world-class Iron-Oxide-Copper-Gold (IOCG) deposits, including Ernest Henry.
A diamond drill hole (with an RC collar) is underway to test the Beauchamp Tier 1 anomaly is underway.
Aeon said the recent reprocessing of an old large-scale airborne
electromagnetic survey had also highlighted several other significant anomalies between Beauchamp and Mount Isa.
Two new granted tenements cover these targets, called Sugarbag North and Sugarbag South.
Aeon plans to also drill test the Sugarbag North base metals target.
It says the regional targets represent a low-cost opportunity for Aeon to leverage its proven exploration discipline into potential large-scale regional exploration upside.
However, its core focus remains the rapid advancement of the world-class Walford Creek copper-cobalt project.