Boadicea holds tenements in two highly regarded gold regions of Australia – the Paterson Province of Western Australia and the Drummond Basin/Charters Towers region of North Queensland.
These two regions are home to some of the largest, discovered gold deposits in Australia. These areas continue to throw up new gold discoveries of significance including Havieron by Greatland Gold/Newcrest Mining and Rio Tinto’s Winu project.
Boadicea has identified a Telfer-life dome feature that straddles three of its Koongulla licences – Koongulla, Koongulla North and Koongulla South.
Early exploration work has identified structures of interest at a depth of 200-250 metres.
In 2021, Boadicea has an ambitious exploration program planned for Koongulla.
In North Queensland, three projects, namely Clarke Reward, South-West Ravenswood and Mt Carmel form a trifecta of highly prospective tenements located in the Charters Towers Region and nearby Drummond Basin.
The outlook for gold exploration
In 2020, gold was one of the best performing major assets driven by a combination of:
- high risk
- low interest rates
- positive price momentum.
The gold price continues to stay above USD1750/oz however, a warning of increasing interest rates will cap gains in the yellow metal as it widens the opportunity cost of holding gold.
Gold continues to remain a highly-sought after asset class and while bearish sentiment exists for 2022, in the longer term gold will continue to serve as counter-cyclical hedges and seen as a safe haven during times of recession, inflation, or uncertain monetary policy.