Constellation Resources

Constellation Resources (ASX: CR1) has several exciting Western Australian projects in our portfolio. The Company recently acquired the Ularring Copper-Gold Project which is located in a region known for hosting several intrusion-related deposits, including the Boddington Copper-Gold Mine (11 million ounces of gold and 1 million tonnes of copper). Ularring presents an exciting opportunity to explore for higher grade copper-gold zones at Centre Forest and regionally along the targeted shear corridor (24km of strike), where minimal exploration has been undertaken to date. The Company also manages the Orpheus Project, comprising five tenements covering approximately 340km² in a prospective portion of the Fraser Range province of Western Australia. Following the Nova, Silver Knight, Mawson and Lantern discoveries the main focus for exploration in this region is nickel. Further to these core projects, Constellation Resources is positioned with a strong first mover advantage in the rapidly emerging white hydrogen market. White hydrogen, also known as geologic or gold hydrogen, is a cleaner, greener, and cheaper energy source with the potential to revolutionise the global energy industry. Constellation has secured conditional acceptance over what the company considers to be the two most prospective Basin-scale plays within Western Australia, covering a 57,000km² area that is highly prospective for hydrogen, helium and associated gases. Proximity to the Dampier to Perth and Goldfields gas pipelines offers a potential low capital solution to commercialise any discovery.