Boadicea Resources holds 15 mineral exploration tenements (plus 7 additional applications) in Australia with a total granting land mass of 1,762km2.
The bulk of Boadicea’s licences are held in Western Australia in two of the hottest exploration provinces of this decade – The Fraser Range and the Paterson Province. More recently Boadicea Resources has expanded its land holdings into Queensland with new licences targeting gold and lithium.
The board at Boadicea aims to leverage its technical capability, corporate knowledge and sound financial management to continue to increase shareholder wealth.
Boadicea’s presence in the Fraser Range and aggregation of tenements in this region has already brought shareholders a dividend return late in 2020 – an incredibly rare occurrence for exploration companies.
The Fraser Range is well-known for the significant find last decade of the Nova-Bollinger Mine and the two more recent discoveries by Legend Mining of its Mawson Project and Mark Creasy’s Silver Knight project which is privately owned. Boadicea’s tenements are strategically located and within close proximity of these major discoveries.
In September 2020, IGO acquired the right to explore on nine of Boadicea’s tenements in the Fraser Range, which in effect sees IGO paying Boadicea to explore our tenements to unearth the next big find in the region with a potential $50M payday if IGO make a JORC compliant discovery.
The 2020 acquisition of 95% of the Koongulla tenement in the Paterson Province broadened Boadicea’s exposure to good exploration ground. Since this original acquisition Boadicea has expanded its Paterson presence with a total of four licences for 874km2.
The Company has focused its expansion on developing a strategically balanced commodity portfolio that is aimed at powering the future with the most attractive of the Electric Vehicle metals. This has been enhanced with the addition of the Bald Hill East lithium acquisition, which is located proximal to the Bald Hill lithium mine and processing facility.
In addition, adding North Queensland to the company’s portfolio has strengthened its position as a gold, tin, lithium and rare-earth explorer. The Drummond Basin, Charters Towers Region and Croydon Province are historically rich and remain highly prospective regions for the new wave of exploration, using modern methods, reviewing historical workings and the early pioneering exploration work.